sunnyk92

sunnyk92 Updated 

We have been consolidating for some time although overall bearish we are sitting near weekly/monthly support. If we receive a nice retest at the 4H support we should expect price to push down to the daily regional support. If we receive a daily break to the upside followed by a continuation pattern we can expect a nice push up. Trade safe! Sunny

sunnyk92 Updated 

Potential longs in play. The extended bearish move was very sluggish towards end indicative of a sign of reversal. We had a nice breakout of this channel and have since been trying to create higher highs and higher lows. As Dollar strength seems to be expected technically we should see a oush to the upside too via this pair. Let the trade develop.

sunnyk92 Updated 

I really enjoy trading this exotic. Technically broke out of longer term descending trendline and has since been correcting. If we receive a nice 4H break and continuation pattern we will see price push to the highs. Trade safe! Sunny

sunnyk92 Updated 

27/01/21

sunnyk92

Nice corrective movement discussed earlier this week. If we receive a valid continuation play we will look to take this to the highs. When trading equities it is important to consider risk sentiment/ investor behaviour. Lets see how this develops.

sunnyk92

We had a nice daily impulsive push to the upside last week. This week we started with corrective movement and we anticipated short term higher highs forming. We got this on the 2H and then took the trade.

sunnyk92

I posted earlier on in the week about the upside potential on the Dow Jones. I did initially expect further corrective movement but we still received significant structure to deem it a valid trade off the break of the last lower high shown. Overall a tidy trade!

sunnyk92

Analysis. Overall momentum is still bullish but we have seen price begin to decelerate off the monthly resistance zone. Formed a double top and if we break daily higher low and form a continuation pattern on the lower time-frame we can expect price to continue to downside as directed.

sunnyk92

DXY analysis - 17/01/21 From recent price action we bounced from monthly/weekly support and now have begand to create higher highs/higher lows. Overall momentum is still bearish but current momentum is bullish. We can potentially expect dollar strength this week. Trade safe Sunny Kumar

sunnyk92 Updated 

I posted this earlier on in the week expecting a pull back before taking it to the downside. TP2 Almost hit.

sunnyk92

Possible play for longs. We had a nice push to the upside and since have been correcting. If we see an nice valid break/retest of the last 2H lower high we will see price push back to the highs and possibly beyond. We can still expect price to correct further before the upside move - this will just add to the premium of the trade. Trade safe Sunny

sunnyk92

Analysis 15/01/21

sunnyk92 Updated 

After a heavy fall last week off the reversal predicted we can expect a form of pullback to confirm further downside. I will keep this on my watchlist and try to capitalise on another fall given the opportunity.

sunnyk92 Updated 

Price has been moving to the upside and has since been correcting. If we create short term higher highs as directed , I will take buys to the tops as directed. Sells will only be considered if a daily break is observed and then a valid continuation pattern. Trade safe

sunnyk92 Updated 

We had a nice breakout indicative of a momentum shift. We can now expect price to pull back and relief before taking it for another push to the upside. This will certainly on my watchlist. Trade safe! Sunny Kumar

sunnyk92

Price experienced a nice momentum push to the upside over the week and now we are in a correction. We can expect price to leg to the upside given a valid break of the last lower high.

sunnyk92

After a recent surge in price some form of relief/correction was expected. Price is still overall bullish until we break further structure where we may see momentum shift. I require nice daily breaks followed by continuation patterns on the lower timeframes to confirm both possible trades. Trade safe!

sunnyk92 Updated 

03/12/20 - Analysis of FTSE100