asiansupermarket

asiansupermarket

Overbought macd, all JPY pairs showing overbought. Hitting the top of the 2wk range (1.6% move) without a retracement. As always, put on a trail half way to TP and widen stops if it still looks valid.

asiansupermarket Updated 

Overall trend is down and macd is showing overbought on almost every CNH pair. I think we can get it to at least half way to the TP and put on a trail to lock in 1:1.5 RR. CNH pairs always take a while to move so I expect this to take longer than usual to pan out (2 days vs 1 day).

asiansupermarket

I put in the harmonics to give a clear picture of the price action. Even if it is incorrect; the strong push upward is due for a retracement, and what better place than at a recent top. A close stop is warranted since a powerful breakout is likely if we do breach that top. This is a long term trade so I will zoom in for a closer look to get more accurate positioning.

asiansupermarket

overbought macd, overall trend is down. We can see the short term 2 wk resistance is around current price

asiansupermarket

this volatile pair has been subdued today even with the strong oil/gasoline bounce. I expect a delayed reaction to show up once the political concerns wane.

asiansupermarket

big push with no retracement; technicals are telling me yen strength is coming up in the next bit. Overbought conditions, trail halfway to TP.

asiansupermarket Updated 

overbought on MACD and momentum is flat. A good bet on the reversal; late on the trade but confirmation is clear. A breakout should occur just below current 1.08435 price.

asiansupermarket

Still working on my harmonics; I really forced this one to fit because nothing else would. The crab success is making me look deeper into this stuff. Other than that we have MACD telling us it's oversold, although momentum is strongly negative. Everyone is very short so a sneaky squeeze might come in play.

asiansupermarket Updated 

This pair has been chopping between these two SR lines. Right now we are showing oversold on the MACD along with a big move down with no retracement. Based on past price action we should be seeing a bounce.

asiansupermarket Updated 

Price has moved up quite a bit without a real retracement in the past ~14 days. I expect a short move lower off the recent highs. MACD showing overbought conditions although this pair has been known not to follow technicals due to china's 'adjustments'.

asiansupermarket Updated 

Looks like it is already reversing but it may test that upper resistance line. It is showing us a double top with a huge move up 1.43% without retracement, which means we have an overbought price.

asiansupermarket

most likely going to retrace after that move lower. Momentum fairly flat and trend is wavy. Holiday tomorrow so could be a retracement from trades being closed.

asiansupermarket

I don't use harmonic patterns but in this case it lines up and agrees with my other indicators. Expect a retracement from D -> B then B -> C if we get lucky.

asiansupermarket

I am not sure how to draw harmonic patterns but I know this is oversold and we should expect a retracement off highs. According to the official crab numbers; we need X-D leg to be 1.618

asiansupermarket

I have been closely monitoring CHF pairs and this one looks the most poised for a breakout reversal of the weakening CHF. Its a big resistance line that is just waiting to be broken but we can keep scalping the downside until that does happen. Loosen that stop if we think downside is more likely.

asiansupermarket

Big area of resistance which is likely to be range bound until the inevitable breakout.

asiansupermarket

Betting on pattern continuation of high retracement. Overall momentum is downward and any attempt higher was reversed.

asiansupermarket

head and shoulders, don't hold long and let it run its course. 3 hours until the decision so stay liquid!