dchua1969

dchua1969 Updated 

Look at the 7 dwarfs that is highlighted in aqua bubble. Price went below the 21EMA but touches the black ascending trend line and rebounded, not once but 7 times. It is at its peak once more, will it retrace and rebound OR is it time to head south ? A look at the top 10 stocks in the EEM are in China with big names like Tencent, Baidu, Alibaba,Ping An Insurance,...

dchua1969

Could this be the plan?

dchua1969 Updated 

Thai baht has been very strong against the USD. It has appreciated more than 11% to its current price. Now it sits at the 50% FIB level and possibly there might be a retracement or it could heads further south to 61.8 FIB level before rebound. Watch the wedge pattern breakout and be careful of false breakout. Take a small position and accumulate slowly if unsure,...

dchua1969 Updated 

Check this out

dchua1969 Updated 

Nice breakout from the descending channel, awaiting for slight pullback before taking buy entry. See arrow for profits target

dchua1969 Updated 

Monthly chart shows us a triple bottom and the day chart shows it is nearly done with the selling as well. Now it is likely to breakout of the white line from the inverse Cup and Handle pattern. From the candles, it shows weaken selling and buyers are getting stronger as well. We are taking a small position to test our hypothesis. Trade safely.

dchua1969

Time to sell this pair again........ see chart for explanation

dchua1969 Updated 

It has hit the 50% FIB level and is now retracing. We are shorting this pair and a few other cross pairs as well. Trade safely, always use SL.

dchua1969 Updated 

Now this pair is at its cross roads. It can either break below the support line (red dotted line) and heads towards 3.338 then rebound or from current price , it heads for a pull back and goes up to 3.698. Notice that twice the price action hits 3.528 and rebound? See, it is between 50% and 61.8% FIB zone so it need not be precisely touching this two points before...

dchua1969 Updated 

Look at the 3 triangles highlighted, the first two touches the 61.8 FIB level and rebounded. We are watching closely the candles for signs before buying AUDSGD. What this means is that the A$ and S$ pair is reaching parity. A$1 = S$1. Parents who are sending their children to Australia to study may be happy as the exchange rate is in their favour. The lower it...

dchua1969 Updated 

After breaking out 3 times, first in March this year from the 61.8 FIB level, the SGDCNH pair seems to be suffering from the winter chill of China. It is resisted once again at the 61.8 FIB level. Not once, but again 3 times. This is good for me as I return to China each year in June. The higher it goes, the more yuan I get and that increases my purchasing power...

dchua1969 Updated 

Again, 4 attempts to breakout from the 61.8 FIB level but each time, it failed and retraced. We think this time, it should break out and have a slight retrace (maybe not ) and shoot straight up to the red dotted line where it would meet some resistance. That is our profit target. Please feel free to comment, thanks

dchua1969 Updated 

Please note that the price zone is an estimate and not a precise price entry point for selling or buying .Use a shorter time frame like 4H or 1H to determine is better. We remain bullish so any dips is a buying opportunity for us.

dchua1969 Updated 

I think that KLSE (Malaysia index) selling is almost done. It should go down a bit more towards the 50% and 61.8% FIB level and we should see a decent rebound from here. Buy on dips.

dchua1969 Updated 

NICE!!!! Today, it breaks the 10,000 mark, hitting out TP3 very soon. Indonesia , one of the emerging Asian market with a huge population of middle income earners will drive the domestic market to higher growth.

dchua1969 Updated 

Nice Head & Should formation identified. The white box indicate this pair is in consolidation mode since Sept 2016. It breaks out in Sept this year, failed and recently in October again. From chart pattern, it appears unsuccessful as well. The final straw that will break the camel's back would be the breakdown from the channel line. If that happens, this bridge...

dchua1969 Updated 

Notice how the price rebound from the 50% FIB level ? Also, did you see the last green candle was a nice bullish engulfing candle over the previous one?

dchua1969 Updated 

I like to think the 21EMA is a good indicator of price action and when used together with candle stick, it is powerful. Look at the 8 purple balloons that I have circled. Notice each succeeding upmove is evidenced by a bullish engulfing pattern, i.e.. 1-2 green candles closing higher than the previous red candles. Sometimes, it is obvious, others less...