dchua1969

dchua1969 Updated 

If the blue dotted line is broken, it would head south towards the red arrow which could be devastating to many who bought at the high. Let's see

dchua1969 Updated 

Merry Bitmas!!!

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...