asiansupermarket

asiansupermarket

CADCHF bottomed out and retraced at 0.70000 but pulled back quite a bit. This looks like it is either a V bottom or overbought conditions. The trend has been fairly flat for the past 1000 hours so the wave pattern should continue.

asiansupermarket

They are having a rough time trying to keep the currency in line; I expect them to push Reminbi lower again since it is almost at levels past their devaluation target. If their market crashes again the pattern was intense selling of the reminbi for any other pair. Since they said they would not prop their stock market any further I think the party is just getting...

asiansupermarket

standard cup and handle; they have good hit rates. Cup + handles represent accumulation which ends in a breakout.

asiansupermarket

Price action retraced the big drop from yesterday; overall 1000 hour momentum is still down. Price should breakout either way; more likely to upside due to recent oversold conditions. Tight stop with a large RR on either way of the breakout; make sure there is confirmation that it is going to run.

asiansupermarket

The bank stepped in and put a halt to the panic selling; but it looks like the market has more room to go. They should be asleep over in new zealand so time for another move.

asiansupermarket

Short it as the traders on the east coast are sleeping. The momentum is going to carry this one down; take as much profit as you can until the pullback happens. Short every long sell candle that retraces.

asiansupermarket

Trade is set up a bit ahead of the usual entry because I believe we will have a trend reversal instead of a regular retracement. I am doing this early because the market is acting funny with the swiss franc so I think they are up to something (big overreaction). If it does end up dropping more it will then be due for a retracement which would probably manage to...

asiansupermarket

pure quick term technical play based off the -1.49% drop in which there was no retracement or consolidation. Momentum is flat which means a likely scenario is a range bound price movement between low time frame support and resistances.

asiansupermarket

expecting a natural retracement from the highs created by the news releases of the day. Once the price reaches a -0.3% drop from the highs I will put on a trail to lock in any profit and hold zero risk. This is a continuation of a previous idea which was closed at the profit target. I expect this pair to remain range bound.

asiansupermarket

GBPUSD has tested 1.5688 six times already. The 2 week momentum is flat and today's price action is heading to a high zone of resistance and became oversold. I expect a retracement to at least 1.565 if the trend continues, then I will throw on a trailing stop and let it ride until it tests the top again.

asiansupermarket

After a big move from the RBA rate decision the price has become overbought and is due for a big retracement at least to 0.735 I would hit it short with a trail stop to play it over the day.

asiansupermarket

10% drop shows a zone of big resistance, 5-6% drop is a regular pattern of the overall trend. Buy at the bottom of the range (~3450) and expect it to meander around for the coming months It will stay range-bound until a new high shows up; then expect a pop.