All Yen pairs moved significantly today resulting 100+ pips of windfall. Hope all traders participated in big move today. Now its time to short again, my TP is 1.272 of FIB level @67.5XX area.
Bottom was lower than my expectation, but i still think we can obtain 100 + pips from this trade. Long @ 127.10 area and TP @ 128.xx 7:1 RR I believe Geppy hitted 3 of Elliott Wave.
Possible reversal to 61% fib level starting tomorrow or possibly next week. The Geppy has been hitting the bottom for a week making pin bar candle which translates possible uptrend coming soon. Bearish psychology has been denied, possible uptrend soon.
EUR/AUD recently reached 10-yr high, but we are not @ top yet. I am expecting uptrend will stop when we reach 1.74Xxx level, the top of 2007-2009 level then we will see trend reversal.
Hi Traders, Monday was a horrible day for the U.S. equity and forex market with CNY devaluation. Dollar Index plummeted to 97.2x level and rebounded with a trendline. I am seeing the upside of USD/JPY for the following reasons. 1. DXY rebounded from key level 2. U.S. equity market recovered from massive sell-off on Monday (the biggest drop of 2019) 3. When...
Hi traders.! We've now reached demand zone from 4Q 2016 - 1Q 2017. We are currently at the lowest level in two and a half years. There are several reasons for the Cable rebound tomorrow. - The cable is reached major buy zone today. - FED's rate cut is expected tomorrow. This will likely move DXY down. - DXY is forming a triple top, supply zone @98.2X...
Accumulated balances for a few days hitting multiple bottoms. Expected to rebound after rate cut news.
Hi Traders, Possible long opportunity for the Cable pair is seen. The trendline that started on May 23 is acting as resistance. **Always look for confirmation before placing an order. If the cable is holding 1.240XX area there is a good chance of reversal. ***
Hello Traders! All major greenback pairs were up 30-50pips in a matter of two hours because DXY went down. The dollar index was bearish today and it has reached weekly resistance. I am expecting DXY reversal(up) afternoon and tomorrow so all major dollar pairs may possibly see a reversal. For the Cable pair, trendline from June 25, the top of the month may...
Hi traders, The Cable is trending down as possibility of no-deal Brexit arises. As we are seeing its lowest in 2 years, traders are betting long on the cable now. 79% are long and only 21% are short, according to IG sentiment index. We have huge demand zone around 1.20XXX level so we will see the cable rebounding soon. Until then, we will continue to see a downtrend.
Hello traders! EUR will test the key level 1.11XXX soon. If the EURO bounces from the key level we will be able to see a dead cat bounce run to 1.17XXX level most likely caused by dollar devaluation. If it breaks 1.11XXX level, we will be able to see the EURO values less than a dollar sooner. I believe 1 EURO = < 1 Dollar will most likely happen by mid-2022.
Hello Traders! As I expected at the last post the Cable did not pierce 1.255XX key level. It trended down for three days and made Three Black Crows candle pattern which is bearish. Brexit is still very uncertain and trader sentiment is still bullish making 3:1 Long/Short ratio . I am expecting the cable to go sideways or false breakout on July 24th...
ETH bounced back at the trendline and buying zone. Possible long opportunity. Buy @ 20X.XX level SL below this week's low TP @ 27X.XX - 28X.XX 1:4 RR ratio