edramlan

edramlan

The index will continue higher next week. First it will take out the current high at 1515 before continuing towards 1530. However there are two ways for it to do it: Scenario1: Early of the week at market open price will straight making a move higher. This is supported by the higher closed of the weekly candle that already mitigated the bearish...

edramlan

Last week price failed to make a new low but instead making a push higher. It might hint that the trend is shifting to bullish but at the current moment it is 50-50. A big bearish key reversal on Friday might indicate that bearish is not done yet. Furthermore look at the weekly candle. The upper and lower wicks are about the same length and the body is more or...

edramlan

Price has gone through a few support area and it seems that it will continue lower. If price continue to close below 3960 then there is possibility that it will move to 3700 area. The case for going bullish price needs to close above 4070.

edramlan

There is an argument for bullish price next week. However as it stands now the price is still in the 50-50 price action. There is not enough argument to confirm bullish movement. Meaning there is possibility also that it might go south next week. Scenario 1: If price stays above the 4000 and push higher then it will be bullish. Possibly towards 4500. Scenario 2:...

edramlan

A rally today has provided a rebound for FKLI to regain the 1500 level. From the chart the lower low are not able to create a new lower low and price rebound today created a based where a move higher towards 1500 is likely. If price close above and stay above 1500 then a move towards 1600 is possible. Let's see.

edramlan

Looking for opportunity to short the pair. Expecting retracement 1.7870 area.

edramlan

Price went higher today and this might be only a retracement before going lower again. For the remaining of the week, price might consolidate a bit before having any momentum to continue lower. If it indeed going lower, price will up the gaps before targeting TP1. Depending on price action TP2 is a possibility. For price to fully go bullish, a close above 6600 is required.

edramlan

Looks like the price is going lower and it is bearish. Hopefully next week it could have enough momentum to continuously pushing lower and take out the support area towards 4200. Depending on price action, price would probably going much lower to 4000 where a much stronger support is expected. The only way for price to continue higher is to close above the 4500.

edramlan Updated 

Price move higher as expected. It is now at resistance level. Scenario 1: Price break through and close above 4638 - Price will likely going forward to TP2. Scenario 2: Price help up at resistance and make retracement towards 4560 to 4550 area. If the area holds then it will continue higher towards TP1 and eventually TP2. This is the best scenario since price will...

edramlan

I think the FKLI is bearish right now. It might tested the 1500 level. The momentum lower is strong and we will reach 1500 very soon. From there on it will be depending on the price action on whether 1500 will hold or break lower.

edramlan

There is a hint that the price might continue higher. 4480 to 4470 is a support area and it seems to be holding right now. However in order to continue higher price needs to overcome the current resistance area which is around 4560. Closing above the resistance will open the door to 4630 level. That is scenario 1. For scenario 2, if price close below 4470 level...

edramlan

Price is still bullish however it is at a resistance. Expecting that it will make a retracement before resuming higher. 4600 price area is the level to watch. If price didn't make the retracement and close above 4700 area then there is possibility that it will want to continue higher to target 4770 area.

edramlan

Price is bullish as expected. At the current level a retracement towards 4550 would be nice. From that level another push higher is expected. Immediate target is around 4720 area.

edramlan

Price did go higher as expected. Expectation next week is for price to continue higher to target 6440 price area. There is some resistance at the current price area and the area above. So there might be some retracement before price continue higher. Overall is bullish.

edramlan

Expecting for price to go higher this week. Target for the week is around 4550 area.

edramlan

Price moved to the targeted level as expected even though it took a while to reached it. As of last week, bearish is still in control. Price is expected to make a retracement to fill up the gap and then continue lower to the first TP (TP1) before eventually reached TP2. If you like or agree to this idea please give it a "Like" or a "Boost". Cheers.

edramlan

Expecting that FCPO will continue lower next week. Probably it will move closer to the 4200 to 4100 area. From there it will depends on price action on the next direction.

edramlan

FCPO is bearish. This is a short week and I'm expecting price to make a retracement before proceeding lower. So it is bearish this week and probably it would be bearish as well going into next week.