YongLiang

YongLiang Updated 

A good swing setup shows on USD/SGD Pair. 1. Overall trend is still bullish on USD 2. The price touched on 20-EMA and bounce back strongly from that,a good signal to long. 3. The price also bounce back from the support level at 1.416x EP: 1.42417 SL: 1.41438 TP1: 1.43289 TP2: 1.44242

YongLiang Updated 

-GBP/JPY manages to break the previous support zone strongly. -There is less resistance on the upside. -Risk to Reward Ratio is 1:2 We are bullish on this trade. EP: 145.486 SL: 141.841 TP: 153.625 Btw, this trade got little positive swap :)

YongLiang Updated 

Finally, GBP/NZD pair breaks the resistance zone strongly. In H4 Chart, there is a corrective pullback sit well on the previsous resistance zone. It will be a great trade to long when there is a strong bullish bar appears as a signal to entry :) It will be a less risk with huge potential return trade :)

YongLiang Updated 

A potential good swing setup. After recent bullish trend, there is 1 pull back bar and followed by a bullish pin bar. Good to entry with R/R of 1:2 EP: 1.01557 SL: 1.00646 TP: 1.03050

YongLiang

If the crude oil price continues with the trend, there is high chance that it will manage to break the resistance zone. After breaking, wait for pull back and long. It will be a 1:3 risk to reward trade.

YongLiang

We see the price of crude oil spike last week due to OPEC decided to cut 1.2m crude oil daily production. If the trend continues, we do see the strength of CAD. Caution on the BOC Rate Statement on Wednesday which might influence the movement of this trade significantly. Technically, if the price able to break the support zone, we will call a short for it!

YongLiang

Our previous analysis on shorting EUR/GBP was correct. Now, we need to pay attention to this support zone. If the price manage to break the support zone with strong strength, wait for pullback and short for it :)

YongLiang Updated 

We have 2 options for this trade: Plan A: Waiting for 1-2 more bearish signals to short High Risk to Reward Ratio Plan B: Continue with the trend The price breaks the resistance zone, wait for pullback and go for long :)

YongLiang

Top 5 Risk Management Rules: 1. Only Trade with Risk Capital -Risk Capital is the amount of money you are willing to lose and do not include your living capital into your trading account! 2. 2% Risk Management -The 2% Rule prohibits you from risking more than 2% of your account equity on each trade you are entering. 3. 6% Risk Management -The 6% Rule prohibits...

YongLiang

Top 10 Trading Psychology Rules: 1. Plan the Trade & Trade the Plan -Plan all the potential trades beforehand, and trade accordingly with your plans 2. Always be Disciplined -Do not create excuses to break your own trading rules 3. Expect Losses -Do not take a trade unless you are willing to accept the risk 4. Emotion Management -Always analyze your trade...

YongLiang Updated 

AUD/CHF is trading in the range between the resistance and support zone indicated. In recent times, the price is trading in a downward channel. The price is approaching the resistance zone and the upper side of the downward trendline. We see the recent candlestick as a bearish pin bar. If the bullish trend still remain strong, don't bother to entry as the...

YongLiang Updated 

Gold continues moving downward. There is a significant support line near 1183 level. Only if it breaks the support line strongly, we will look for chance to short. Either short directly or short after weak pull back. Trade safely with proper risk management skill :)

YongLiang Updated 

Overall Downward Trend. After the price pull back 2 days, here we see a strong bearish bar as a good signal to short now. EP: 0.73950 SL: 0.75049 TP: 71850

YongLiang Updated 

A potential Head & Shoulders Pattern appeared. If the price breaks the support zone near 0.70xx, look for any pullback to short this pair. It will be a high risk to reward ratio pair of 1:3! Remember to trade with proper risk management.

YongLiang Updated 

We are still bullish for GBP/NZD. After 3 white soldiers, we see a consolidation pattern formed near the support zone. It might accumulating more pressure to break this support zone. Once, the support zone was broken strongly by bullish trend bar. It will be good chance to long. Alternatively, need to wait weak pull back and long again. Trade safely with...

YongLiang Updated 

AUD/NZD is trading in a range between the resistance and support zone indicated. In recent time, it is trading within the downward channel. The price rally up near to the upper side of the downward trend line. Wait for bearish signals to short this pair. You can earn little convenience interest by holding this pair for longer time. If the bullish trend...

YongLiang

USD/JPY having the strongest upward trend. But, watch the upcoming relatively weak resistance zone. There are chances that the price will consolidate before breaking the resistance zone again. If the price breaks the resistance zone, long side will be preferred. Trade safely with proper risk management skill. :)

YongLiang

The recent strong strength of USD pushes EUR/USD lower near to the support zone. If the support zone was broken, it might move down all the way near parity (1:1) If not, the price might bounce back from the current support zone. We will keep monitoring this pair and waiting the right timing to entry.