colintsui

colintsui Updated 

EURJPY possible Diaganol is approaching to an end, price may bounce at nearby level. Stop loss set at 130.50 just below where ((5)) will be longer than ((3)). Targets 138-140, excellent risk to reward. Cheers!

colintsui

Kiwi unchanged after RBNZ, price mainly in a corrective channel. long at market price, stop loss at post RBNZ low, looking for a bounce to channel top or even upside break.

colintsui

I have called for long USDJPY several times last week. And the arguments are still valid. abc correction complete. price bounced impulsively from multiple wave support around 118.20. upper channel break weekly close above 121.316, wave ((B)) top I think USDJPY will go sky high from here, minimum target is 122.36, next is 123.69, might go as high as...

colintsui

Hello Traders, What a week for the Euro! Given the fact that there's no bounce at all in late Friday trading, chances are Euro weakness may carry onto next wee. Next target is 1.086 where Fibo expansion 1:1 to 1.1712-1.1086 drop. Price need to bounce off this low impulsively to activate the alternative view, otherwise just stay bullish against lower top. I...

colintsui

This is pure speculative, tentative, and counter fundamental. But this is one of my favorite price action to trade. EURAUD dived to a new 2 months low and the entire price action looked corrective (so far) I *might* go long if the price bounce impulsively from nearby level otherwise will give up on this opportunity. Just sharing what I see, it's crazy to catch...

colintsui

Hello Traders, Closing all EUR related shorts, respect the trend line. EUR bounced off trendline support, although not in an impulsive manner. I still would like to respect this long term trendline. Will go short again with a clear break below. If it does, there will be a few hundred pips waiting for us. Please like and follow for any updates.

colintsui Updated 

I have already entered long last week (see my USDJPY long related idea), will add to it this coming week when price dip to around 118.90, stop maintained at 118.00. We have all been watching USDJPY forming a large triange but I'm afraid this is no longer the case when looking at last Thursday's price action, price bounced impulsively at slightly below 118.20,...

colintsui Updated 

I'm still holding a general USD bullish stance, USDJPY since it's bounce from multiple wave confluences, I have turned bullish since then. Price is slowly grinding higher, which is what I always loved to see. I was not able to enter again at 118.90 as per my previous idea. USDJPY dipped to new low last thursday, but saved by US CPI data, it bounced impulsively...

colintsui Updated 

On Daily chart, EURGBP 5 wave advance just ended at around 0.7480 which is the starting level of the Ending Diagonal. On 60minute chart, 5 wave drop is visible and a subsequent correction might be ended at today's top. Short EURGBP against today's top.

colintsui

DJIA is approaching near term top, watching closely for a topping signal to go short this market. I'm not going to pick top though as I'm bullish USDJPY and bearish EURUSD near term which means more upside for stock market is possible.

colintsui Updated 

correction of the drop from 1.17 high possibly completed

colintsui Updated 

same as EURUSD, correction might be completed with a strong bounce right at 0.618 and 1:1 ((A)):((C)) extension. decent risk reward ratio. stop at today's low

colintsui Updated 

Bearish immediately, which is in line with my Long USDJPY and short EURUSD view. But GBPUSD is forming a potential ending diagonal which may provide a very good long opportunity in the medium term.

colintsui

CPI data popped USD (copped with EU QE comments, coincident?) this could be the start of a larger USD bull trend.

colintsui

analysis on chart, this is my preferred bullish count.

colintsui

Analysis on chart, please comment and correct me if i'm wrong.

colintsui

FX:GBPUSD Wave count on chart, wave circle-C points to much higher level as long as 1.5420 holds.

colintsui

The drop today looked like a thrust out from triangle to me. Price could move lower to as low as 1.0628. Expect a bottom between 1.0628 and 1.0742 before a bigger rally.