Weekly analysis for ZSF2021 Week 44: 26 to 30 October 2021 Soybeans is persistently soaring higher and higher, there was no sign of slowing down. Even today, there is no strong seller sighted yet; looking at from the momentum movement, the market may show a sign of deceleration. However, until we see a Strong Seller, then we can say that the momentum has changed...
SGX:D05 is in the crossroad, either the Triple Tops will prevail or it will be a bullish breakout. Based on the current formation, and if we combined with Supply and Demand; it is wiser to wait for Long Setup rather than Shorting it. As at today there is no LL yet and overall still Buyer in control. Here is my personal call: Buy Stop at $21.65 Stop Loss at...
Weekly analysis for ZSX2020 Week 41: 12 to 16 October 2020 This is the second time for ZSX2020 flying into the unknown area. Normally in this scenario, I will long at the RBS area; however, now it's a bit late for that. How high can it go? we do not have the data, again, it's best to wait and see until the price dives below $1,047. This week no trade call, just...
Week 41: 05 to 09 October 2020 FCPOX 2020 analysis The price is consolidating at RM2,765 to RM2,800, once the price broke lower/support level, we will follow to short at RM2,740 area. I will look to short FCPOX as the right shoulder had been formed, and the only ingredient left is break-out confirmation. Here is my personal trade: Sell Stop at RM2,741 Stop Loss...
Weekly analysis for ZSX2020 Week 40: 05 to 09 October 2020 So far the price failed to make a Higher High and still lingering at $1,020 area. Based on the Price Action, it is now a good sign to do short. Should the price dropped lower than our Take Profit level, then we anticipate the price will go below $1,000 next week. My personal trade call: Sell Limit:...
FOREXCOM:HKXHKD is still in Seller's territory and now is a good time to short. Purely Price Action setup and here is my personal trade opinion: Sell Limit at 23,891 Stop Loss at 24,400 Take Profit at 22,589 Risk Reward Ratio = 2.63R Disclaimer : The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own...
Weekly analysis for ZSX2020 Week 40: 28 September to 02 October 2020 After a long rally, market needs to take a breathe before continuing the journey to the North. Your question would be, this time how high the price will be? As a trader, we do not speculate, but we react based on the price movement. Let's put it simply, if there is no Higher High (HH), then we...
Week 40: 28 September to 02 October 2020 FCPOX 2020 analysis At the moment the price is in the consolidation zone, to make it simple to the naked eye, the price is forming the Right Shoulder. However, please note that there are many variations of the "right shoulder", it can be a straight horizontal channel, diagonal channel, flag, wedge, and ascending...
I just saw this by accident and it looks like a good setup. If you see what I see, this is a low risk trade and generating 2.54R. It also means, all currency pairs with USD as a base currency will be relatively stronger. Here is my trade: Long now at market: $93.28 Stop Loss at $92.64 Take Profit at $94.95 Risk Reward Ratio = 2.54R Disclaimer : The analysis...
Week 39: 21 to 25 September 2020 FCPOX 2020 analysis Despite the bullish momentum is very strong, personally we can short FCPOX2020 with a very good Risk Reward Ratio. We only need to risk RM24 to get RM336, that is 14R. Again, this is a risky move as we are trading against the trend, but, this is a worth trying. Here is my personal trade: Sell at market now...
Weekly analysis for ZSX2020 Week 39: 21 September to 25 September 2020 Currently the price is roaming in an unchartered territory, we have no reference on how far the price will go higher. Instead of speculating on how high it will go, as a trader, we take decision on a signal that has a higher degree of certainty. Therefore, we are setting a Sell Stop rather...
The FOREXCOM:HKXHKD prices had been consolidating for quite a while and not creating any higher highs (HHs). Yesterday was a good setup to short after the compression was done, but I failed to catch it. This morning, I saw another good opportunity to short with a condition that the price will close at 24,190 area. Here is my personal trade opinion : Sell Stop...
I spot a potential entry to LONG SGX:D05 in the coming days with a good RR. Almost a month DBS is ranging from $21 to low $20ish, the consolidation is getting tighter and compression needs to be released. To cut the story short, here is my personal call: Buy Limit at $20.00 Stop Loss at $19.50 Take Profit at $21.60 Risk Reward Ratio = 3.12R Disclaimer : The...
I am going to layout three signs for this week for ZSX2020: (1) The limit breaker at $1,005 zone, if today the price is closed at $1,005 or higher, then the sky is the limit. It will soar to the unchartered territory, no reference to the historical price as to how high it will go to the north to meet the white walker. (2) The mid-zone at $998 to $994. This zone...
Week 38: 14 to 18 September 2020 FCPOX 2020 analysis Last week the prices were consolidating in a wedge, it is similar to the Bullish Flag pattern. Therefore today's price was open higher and creating a price gap rather wide. The level to watch is MYR 2,892 If this price level is broken, the price will go higher. However, if it fails to break, then we are...
The bullish week for ZSX 2020 will come to an end, the price is approaching the Supply Zone soon. If you are following the LONG position last week, this week is time to exit from your trade and switch to sell. Despite until today there is still no sign of slowing down, but historically $975 will hold its level. And here is my personal trade opinion on ZSX 2020...
Week 37: 07 to 11 September 2020 FCPOX 2020 analysis Last week the price broke the resistance level, however it was not a clean break. It means, it was not really a sign to be bullish yet. We are anticipating two possibilities: The key to observe is RM 2,740 - 2,750, we will see the behaviour of Price Action in this area. (1) If the price bounce at RM 2,745...
Week 36: 31 August to 04 September 2020 FCPOX 2020 analysis If you are still holding your LONG position from last week, now it is a good time to liquidate your position. Currently the price is back to our Week 34 position, whereby the price is in the middle of the range, quite close to the resistance level and no momentum at all. The same as the dead silent...