dchua1969

dchua1969 Updated 

time to go south

dchua1969

Don't worry about the fear of missing out. There are plenty of opportunities if one has patience.

dchua1969

I think it would break out on this 5th attempt towards the blue dotted line zone.

dchua1969 Updated 

Go to smaller time frame and see the price action before taking your long position. Good luck to all !

dchua1969 Updated 

Day chart shows several times price action touches 50% FIB level and rebound. 1H chart, short term retrace to 114.050 then continue to go up again. If price breaks below 114.050, hold and monitor price action on lower time frame first.

dchua1969 Updated 

Day chart shows a doji pattern, an indecision between bears and bulls. 1H chart registered a bearish candle on closing last week. We are awaiting for the 50% FIB level to be rejected before deciding to take a short

dchua1969

Look at the bullish engulfing candles at the close Look at the MACD crossover We are long at 423.75. This is a medium term trade so be prepared for wild swings as forewarned previously.... Trade with care

dchua1969

Look at the bullish engulfing candles at the close Look at the MACD crossover We are long at 423.75. This is a medium term trade so be prepared for wild swings as forewarned previously.... Trade with care

dchua1969 Updated 

what do you think?

dchua1969 Updated 

This is what I think it is going to happen next week or so.....

dchua1969 Updated 

Nice rebound at 61.8 FIB level , expect it to rise up to form the right shoulder. We are long USDCHF and short EURUSD for now.

dchua1969

I think 2 scenarios can play out here next week. 1. It goes down a little bit more to the green dotted line , i.e. the 61.8FIB level and rebound. 2. It goes down further to the blue dotted line, i.e. previous support zone and rebound.

dchua1969

Last candle is a pin bar, 1H chart already has a big bearish engulfing candle. Expect short term to sell down to the buy zone area.

dchua1969 Updated 

www.cnbc.com

dchua1969 Updated 

Share your views please The black arrow pointing up is the first resistance, if break above, it would go to the next level , 1.14. The MACD crossover is perfect timing for a long entry.

dchua1969 Updated 

Look at the vertical red line which coincides with the breakout of the price at 61.8 FIB level. Thereafter, the train has not stopped at all, charging at bullet speed all the way to the 78.6 FIB level now. The RSI display a high of 76.6, sign of overbought and a cool down is needed. The peak at the weekly chart is 55.74 which is fairly limited from the current...

dchua1969 Updated 

9.9 the level that was the lowest . This is extremely volatile , just look at the spikes and gaps up and down. According to chart, it touches the support level of 9.9 and rightfully it should rebound anytime soon. If it does, that means equities should fall. Christmas is near, would this spike up dampen the Christmas spirit ? Think profits taking, year end window...

dchua1969 Updated 

Reason for shorting : 1. MACD nicely cross over 2. Strong bearish engulfing candle 3. Price closed below 21 EMA 4. Unemployment rate 5.9% vs 6.3% previous, improvement in GDP 0.2% vs -0.1%, PMI 58% vs 56.6 forecast I am expecting some pull back , probably to price zone of 1.275 before shorting this pair. It has fallen 1.64% or more than 200 pips upon the news...