YongLiang

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200-EMA is starting flatten. (Please plot yourself) Both 20 & 50-EMA are moving downward, downward trend is expected to be continued. Price manage to break the Resistance Zone and followed by a slight pull back which is a good signal to short Here are 2 trading plans: 1. To short now with right risk amount 2. If the price pull back near to resistance zone,...

YongLiang

From the Price Action, it is quite obvious that the selling pressure is greater than buying pressure now. Overall, we are bearish on USD/CNH Here are 2 trading plans for you: 1. Wait for bearish signal to short 2. If price pull back higher to Resistance Zone, wait for bearish signal to short :)

YongLiang

From the Price Action, there are more selling pressure than buying pressure in this consolidation pattern. From COT Report, For JPY, there are more non-commercial positions added to long side. From both Price Action and COT Report, there is confluence that NZD/JPY might go down further. Here are 2 trading plans for you: 1. When the price break the support...

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200-EMA is pointing downward and prices are below 200-EMA, it mean the long term trend is on the bearish side. 20 & 50-EMA also trending downward. Now there is descending triangle consolidation pattern, trying to push the price down the "Buyer's Stop Loss Position". Once this level was broken, expected the price will fall lower. From price action, in...

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There is a consolidation pattern near the Resistance Zone. From the price action, we can see stronger selling pressure than buying pressure. If the price managed to break the buyers' stop loss level, we expect the price will fall further lower. Here are 2 trading plans for you: 1. Wait the price to break the buyers' Stop Loss level and entry 2. If the price...

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We are waiting for weak pull back to support line at 1.054 level and bullish signal to long.

YongLiang

Note: We are more bearish on this pair now. There is a potential Double Top Setup. Let's see if it is able to break the neck line at 1.312 level Here are 2 trading plans: 1. Short when the price break the neck line powerfully or after breakout followed by pull back. 2. Wait the price correction to the next resistance level at 1.319 level and short again.

YongLiang Updated 

Note: Now, GBP/USD is at the history low since 1994. There is significant strong buying zone at 1.20300 level. And the current USD strength is weaken. Recently, there is a bullish pin bar to support the potential bullish movement as well. We decided to long. EP: 1.22057 SL: 1.20302 TP: 1.26834

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Note: Congratulation to those who follow our 2 short trades on EUR/AUD last week! Overall, we remain bearish on EUR/AUD There is a long Descending Triangle Pattern. Now, the price is reaching the multiple tested strong support level at 1.418. Here are 2 trading plans for this pair: 1. If the price managed to break 1.418 level, can short with little risk or...

YongLiang Updated 

Note: AUD/JPY is reaching the strong resistance zone at 86.2x level. There are 3 potential trading plans for this pair: 1. We expect the price will approach the resistance zone at 86.2x level. If there are 1 strong bearish or 2-3 bearish signals, we will choose to short. 2. There is possibility that the price break the resistance zone and reaching the...

YongLiang

Note: USD/JPY tested the resistance zone at 118.5 level 2 times and the bullishness was rejected. Here, are 2 trading plans for this pair: 1. If USD/JPY managed to break the support zone at 114.5 level strongly, wait for pullback and bearish signal to short. 2. If the price unable to break the support zone, buying power might come in. In this case, wait the...

YongLiang Updated 

Note: We are still watching on EUR/JPY pair We are slightly bullish on this pair. Here are 3 trading plans we have: 1. The recent bullish bar bounce from 20-EMA serve as a good signal to long. We can wait another bullish confirmation to entry long. 2. Wait for another pullback to support zone or 20-EMA and wait another strong bullish signal to long. 3. If...

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Note: From the big picture, we remain bearish on this AUD/USD. There are 3 possible trading plans for this: 1. If the price break the support line at 0.729x level significantly, wait for pullback to short with right risk. 2. If the price continue pullback back. 0.742x level will be next shorting opportunity. 3. if the price correction is way too strong, it...

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Note: Congratulation for those who follow our trade last week. If you never move your SL, your trade is in good profit now. We have 2 trading plans here: 1. Watch the next Support Zone near 0.96x level. The price might have either some consolidation or pullback. Wait for right bearish signal to short. 2. If the price pullback again to the 20-EMA, wait for...

YongLiang Updated 

Note: Overall, we remain bearish on EUR/AUD There is a long Descending Triangle Pattern. Now the price break the neckline aka the strong support line. After breaking this stong support line, we see a slight pullback back on the support line and heading downward. There is a high probability that it will continue moving down.

YongLiang Updated 

Note: EUR/USD follows our prediction last week, a price correction to the resistance zone is high likely to happen. Overall, we remain bearish on this pair. Now, there are 2 ways to trade this pair: 1. Wait for a bullish signal now near the 20-EMA and resistance zone to short with right risk amount. 2. The price might further pullback to the next resistance...

YongLiang Updated 

Note: Overall, We are bullish on GBP/JPY. The price correction to 20-EMA followed by a bullish signal. There are 2 trading plans: 1. Swing Setup, price pullback to 20-EMA followed by a bullish signal. Can long now with little risk amount. Or to zoom into H4 or H1 chart, wait for pullback and bullish signal to long. 2. Wait the price correction to strong...

YongLiang Updated 

Note: Congratulations to those who follows our winning trades on this pair last few weeks. Again, the price having correction as per our prediction previously. Now, we have 2 trading plans for this: 1. The price pullback to both the resistance zone and 20-EMA, followed by a bearish signal. A good signal to short with right risk amount. But caution on the 1st...