stanchiam

stanchiam Updated 

Price did not get rejected on lower time frame and keep on grinding up Price has split at 102.43 and as long price stays above, it can target 105.7 and higher Bulls are in charge of USD now.

stanchiam

Missed out on these 2 important resistant line If price unable to close above, we may see more profit taking for USD bears and thus eurusd, gbpusd, audusd etc grinding higher. If you are usd bears, please be aware

stanchiam

Price bounced back up to retest breakdown line Will NFP be the catalyst to kick price lower? Took some shorts, hopefully it holds for another low

stanchiam

If price can stay below, new low expected following the general trend

stanchiam Updated 

Price is around longer term support region Unless we see a strong daily close below, price should hold and reverse/bounce at least for the short term. Good luck.

stanchiam Updated 

Erratic price action finally break above triangle and rise to new high This may be the last wave as breakout after a triangle is the last wave up. However, this does not imply one can short usd now. Wait for price to show a strong reversal down, ideally a shooting star following by a stronger wave down. This will then have a higher probability that the top is...

stanchiam

Price action does not look good for the bulls, price closed below 1.271 and does not show strength. The next long term support is around 1.245. Unless price can close back above 1.271, bears are in charge for now.

stanchiam Updated 

Price is around longer term support region Unless we see a daily close below, price should hold and reverse/bounce at least for the short term. Good luck.

stanchiam Updated 

Price hit upper resistant region, should see a reversal down soon If a 5 waves down is found in lower time frame, will look for opportunity to short USD.

stanchiam Updated 

Not cast in stone, but as it looks like a 5 waves up, there may be more upside after a corrective correction to complete the ABC up

stanchiam

Still a bit early to confirm the low, price still need a spike above the resistant for a retest higher. DXY just closed the gap earlier, may lend short term strength and move higher. Real move to be confirm after FED interest rate decision.

stanchiam

Work in progress, market is still bearish USD in the longer term. Price has closed the gap and this may be a short term short zone. Idea short zone is higher a bit USD probably continue to fall after interest rate decision, they may have wild swing before that. Be safe, good luck.

stanchiam

Price keep graining higher to test previous support turn resistant region. These are the possible movement. If price manage to hold below with a strong rejection lower, will look for continuation lower, vice versa. Waiting for market to reveal itself.

stanchiam

Price hit the upper range of the long term support turn resistant region Am expecting it to hold for the continuation lower. If resistant holds and goes as expected, eurusd, gbpusd, audusd etc should go higher again Good luck

stanchiam

Is this start of stronger move up towards higher resistant region ? Close below 4hr bar should confirm continuation lower

stanchiam

Is it going lower? As of now the waves structure is still bearish It can go higher before lower but as long price do not go strongly above the channel, the bias is bearish

stanchiam

price testing support region, looking for bullish price action in lower time frame to go longs if price holds above and turn bullish, looking forward to new highs and maybe 0.72 region

stanchiam

Like the test, if price hold above and turn bullish, will look into longing and holding for new highs, good risk reward