long1996

long1996

Weekly: The pair has previously respected the trend line and move to the lower region. It has consolidated into a descending triangle as it was held back by support on 145 region. Going with the strong trend, the pair has been putting downward pressure on the support in hope to break below it. However,the pair has tested 145 region multiple times through out the...

long1996

Weekly: The pair has tested the upper region at 1.79 for 2 consecutive weeks and printed Pin Bar candlestick with long upper tail. This signify that the upper momentum is fading and the selling pressure is getting stronger. The SMA is also getting narrower into a "squeeze", indicating that a strong move is coming. The pair is potentially in a new downtrend, which...

long1996

The price has rejected off the support 1.78 twice. However the selling pressure has been building up as the pair failed to push higher. Currently the pair is consolidation between 1.78 -1.785 region. A clear break & retest of 1.78 is needed to confirm the formation of the double top. The downside target 1.76 and 1.74 at the swing low. Bias Long-term:...

long1996

The pair has broken to the downside of the consolidation (Asymmetrical Triangle). A breakout of a consolidation signify the continuation of a downtrend as the pair will go lower to form a new lower low. The pair could potential found support at the previous swing low 143.75. For more downside, the support 143.75 need to be broken & retested.

long1996

The pair has tested the upside at 128.5 multiples times throughout the week but failed to break above it. The pair has printed a strong bearish candle that overwritten the bullish move of the previous day in 1 move. This indicates that bullish momentum has fade and bears will continue to control the market. The next downside target is 127. If 127 is broken, the...

long1996

The pair has retested the uptrend after it broke through. The subsequent PA will be important to determine the movement of the pair. A pin bar will trigger the sell off as it proves the uptrend is broken.

long1996

The pair is currenly challenging the 1.31 region. If the H4 candle close below it the pair will continue its downward move. If it fail, there's a chance the pair is caught in a newly formed range and would retest the resistance at 1.3125 region.

long1996

The pair is currently in a pullback as it prepares for the next downward move. The key region would be 144.75, if it broke, there will be more downside at 143.5. As of now, the price is being held back by the SMA 21 & 8 as it trying to converge. Once the SMA 8 crossover to the SMA 21, the sell off will be triggered as it confirmed the bearish signal.

long1996

Weekly: On a bigger perspective, the pair has just broken out of the weekly downtrend. After breaking the trendline, it makes an extended run to the upside before meeting resistance at key level 1.3325 region. The bullish momentum seems to be fading as a deeper correction is in play. The retest of key region 1.3 is needed to confirm whether the pair will reenter...

long1996

Weekly: The after the previous week bearish engulfing signal, the pair has undergoes a minor pullback to the nearest resistance at 1.165. It highly possible that the pair will continue its downward move at that level if a rejection signal shows. If not, it will continue upwards to challenge 1.175 region before it drop downward. The downside target is 1.45.

long1996

Weekly: The price has failed to close above key support 146 level. This indicates that there is more downside to the pair. The SMA is also widening indicating the momentum is increasing, thus there is possibly more downside until 142.5 region where it will find strong support. Bias Long-term: Short Short-term: Short

long1996

Weekly: The pair has failed to make a higher high as it was held back by the fear of trade war. The pair is losing momentum to push through the key resistance 111 region. The pair is currently on the edge of an uptrend. A break below would push the price towards 109 where it will test the strong support and further down at 104.75 if broken. On the upside, if 109...

long1996

Weekly: The pair has broken out of its uptrend and retested the trendline. The retest can also be interpreted as a shorter pullbacks on a larger downtrend. The downward move is expected to continue towards 1.3 & 1.29 level which is a strong support. Bias Long-term: Short Short-term: Short

long1996

The pair has printed a pin bar on minor resistance 1.1575. It also seems to be respecting the trend line. A close below the current candle would prompt the price lower. However there is another key support at 1.5 region. More confirmation is needed on this 1.

long1996

Price is consolidation on 127.5 region. It has also coincide with the downtrend. It has also printed a Pin bar previously. Entry: 127.51 SL: 127.8 TP: 126

long1996 Updated 

A break & retest of 146.5 is needed to confirm the reversal and downside movement. The retest would also offer another entry opportunities. SL: 147.1 Entry: 146.9 TP1: 146.5 TP2: 145.5 TP3: 144.5 TP4: 143.25

long1996

Watch for rejection at key level to identify potential entry. Double Pin Bar on H1 Chart. Enter a short position with 10 pip stop loss. Entry: 109.85 SL: 109.95 TP1: 109:25 TP2: 108.5

long1996 Updated 

The pair is currently head towards a strong resistance located at 1.79 -1.795 region. A rejection on that area will trigger the sell signal. It has also printed a bullish candle indicating leftover bullish momentum. The price should make one last run to the upside before it plummet down. More confirmation is needed to setup an entry.