royschen07

royschen07

Daily Bias Bullish Fundamental Analysis NZD Weakening, AUD Strengthening Price Action: H4/Daily TF - Price breakout of resistance level and retrace to retest it. H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside. Confluence: Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF Lower TF (H1/M30/M15) - Breakout of...

royschen07

Daily Bias Bullish Fundamental Analysis NZD Weakening, AUD Strengthening Price Action: H4/Daily TF - Price breakout of resistance level and retrace to retest it. H1 TF - Price consolidated at S/R level and breakout of consolidation towards upside. Confluence: Higher TF (W/D/H4) - Retest of broken resistance of H4/Daily TF Lower TF (H1/M30/M15) - Breakout of...

royschen07

Daily Bias Ranging Fundamental Analysis CHF bullish AUD Bearish Price Action: Price broken below the H4 S/R Level and close. Price has retrace back into the H4 S/R level and broken the H1 support level and close below it. Price is bearish from the H4 S/R Level. Price then break the H1 support level from ascending triangle. Price heading lower from price...

royschen07

Daily Bias Bearish Fundamental Analysis NZD Bearish JPY Bullish Price Action: Price broke and close below Daily S/R Level respecting the bearish trendline. Price then break and close lower for H1&H4 TF below the H1 S/R level. Price broke both S/R level and short term bullish trendline, respecting H4/Daily Bearish trendline. Confluence: Higher TF (W/D/H4) -...

royschen07

Daily Bias Long Fundamental Analysis - GBP CPI higher, GBP stronger. USD weak data, USD bearish Price Action: Price pushed to a new high into Daily Horizontal Level and formed an ascending triangle within the Horizontal level. H4 trendline is also at the ascending triangle area. Price break out of ascending triangle resistance level. Price closed above the...

royschen07

Daily Bias Long Fundamental Analysis - GBP CPI higher, GBP stronger. USD weak data, USD bearish Price Action: Price pushed to a new high into Daily Horizontal Level and formed an ascending triangle within the Horizontal level. H4 trendline is also at the ascending triangle area. Price break out of ascending triangle resistance level. Price closed above the...

royschen07

Daily Bias Long Fundamentally, USD market is expecting rate cut in Sept. Dollar is very bearish. AUD news quite neutral. Higher TF in H4/Daily, Price broken out of consolidation area. Price retrace back into the higher TF broken resistance. After returning to that level, price moved bullish and broken a lower TF H1 resistance level and Bearish momentum...

royschen07

Daily Bias Bullish. Fundamentally, NZD news have been bearish. EUR is more neutral movement. with NZD CPI fall. Price had a strong pullback to a daily horizontal level. Price did a short consolidation and broke out. Price is reacting to both trendline and support level of higher TF in H4/Daily. Price closed above the H1 resistance level of consolidation. Long...

royschen07

Daily Bias Bearish GBP is stronger than EUR in fundamental. In Daily TF, price broken the Daily support level and close below it. Price retrace back to H4 horizontal level and rejected from there. Going down to M15 TF, price broke below the M15 support after consolidation. Price is bearish again. Short trade at broken support level. SL above consolidation and...

royschen07

Daily Bias Bearish GBP is stronger than EUR in fundamental. In Daily TF, price broken the Daily support level and close below it. Price retrace back to H4 horizontal level and rejected from there. Going down to M15 TF, price broke below the M15 support after consolidation. Price is bearish again. Short trade at broken support level. SL above consolidation and...

royschen07

Daily Bias Bearish. Price was bearish as Japan Gov might take action with their currency. with NZD weakening currently. Price formed an descending triangle at the level. Price broken out of triangle showing sign of bearish. Set a short trade at broken support level. targeting swing low of Daily Time frame. SL above the triangle.

royschen07

Daily Bias Bullish Price broken out of H4 consolidation at Daily horizontal level. Fundamental. EUR is slightly bullish and CHF is weakening. Long trade set up at broken resistance level with SL below consoldiation. Targeting Daily Swing High R:R 1:3

royschen07

Daily Bias Bullish. Price consolidated at Daily Resistance level for a period. Price broke through consolidation resistance of H4 and broke through daily resistance. Price is fairly bullish. Fundamentally, NZD has more bearish data compared to GBP more neutral. Long trade set up at broken resistance with SL below consolidation. R:R 1:2.

royschen07

Daily Bias Long Fundamental GBP is currently slightly bullish NZD is slightly bearish Price break out of consolidation from Key level of H4 & H1 consolidation. This shows that price is extremely bullish to break out of 2 consolidation. Set a long trade at the lower TF H1 resistance. with SL below H1 consolidation. Targeting H4 next keylevel. R:R 1:3 at least.

royschen07

Daily Bias Bullish. Price broke out of consolidation from a resistance level. This shown us that price is very bullish. USD is also weaker due to news. However, NFP is on friday, hence this trade is extremely high risk. Set a long trade at the broken resistance with the SL below the consolidation. Targeting Swing high with R:R 1:2.5

royschen07

DAILY BIAS BULLISH. Price formed a falling wedge/flag pattern and consolidation for a period. Price broke out of the pattern and close at a new high. Fibo is used for OTE position 61.8% for ideal retracement level. Price return to Fibo level and bounced off higher levels. There was a minor resistance level in H1/M15 Time frame that was broken. It became a...

royschen07

Price Action Trading Daily Bias Bullish Price consolidation at Daily support level for a few days. Finally broken through the consolidation area and pushed higher. With Fundamental NZD getting stronger and CHF reduce interest rate which weaken CHF. Long setup ideal at broken resistance at consolidation level, targeting Daily Swing High R:R 1:3.25 with SL below...

royschen07

Price Action Trading Daily Bias Bullish Price consolidation at Daily support level for a few days. Finally broken through the consolidation area and pushed higher. With Fundamental CAD getting weaker stronger than GBP. Long setup ideal at broken resistance at consolidation level, targeting Daily Swing High R:R 1:3 with SL below the Consolidation Support Level.