traderfiz

traderfiz Updated 

2 possibilities the price movement for this pair based on my projection. My recommendation entry for zero floating loss in red zone area which we can minimize the risk from the entry point. This zero floating loss setup are Supply zone (RBD+SSR), Bearish Engulfing and Fakeout + SSR. However if you FOMO type, maybe you can chip in @ 1.19173 and manage your money...

traderfiz

Price in the middle of completing Wave 4 and as you can see we have few confirmation setups such as SR FLIP, DIAMOND and possible FAKEOUT before the price will hit the supply zone area. Let's wait how the price approach and react to the entry zone.

traderfiz

Price still in channel might be touch to the nearest resistance level. I'm looking short in red zone area which significant with resistance and trendline.

traderfiz Updated 

Red zone area is the best area for short entry. However, need to monitor price action to the entry point. Setup for this entry are Bearish Engulfing, Drop Base Drop in supply zone and Significant Support & Resistance. Price still in Channel Up and very risky. So, for this entry I just risk 40 pips away from the entry point.

traderfiz Updated 

Sell area in Supply Zone (Drop Base Drop) and for entry confirmation need to monitor for price action. The setup for this pair based on my view are SR FLIP and Bearish Engulf as for now. If the price moves in compression to the entry point, can chip in @ 0.72988 (high risk) otherwise can wait for price to touch @ 0.70343 (low risk). Choose your risk wisely and for...

traderfiz

Setup for this pair are SSR & SND + Bearish Engulf @ 4H Timeframe + SR FLIP. Risk minimize at 30 pips away from the entry point and this setup is quite risky since the price still in channel up and the scalp entry can be consider as in the middle of the trend. So my risk and reward recommendation for this setup is 1:2.

traderfiz Updated 

Price in compression and have rejected few times in resistance 1633 (potential fakeout). Entry area at red zone since we have strong supply zone (Drop Base Drop) as well as Significant Support & Resistance. In addition, QML setup and Bearish Engulfing setup can be found in H4 Timeframe. Let's see the price action for this setup and keep tight the placement of stop loss.

traderfiz

Sell projection in red zone area. Setup for this pair based on my perspective are Bearish Engulf, SR FLIP, Fakeout & Diamond. Expect the price move in compression to the entry point for last confirmation.

traderfiz

My forecast for KLCI still in bearish bias. Fundamentally, due to global pandemic and internal political issues. Technically, we can see big reversal chart pattern double top and there's no bullish momentum in price action as for now. Please be informed this analysis based on my long term perspective. If this analysis is wrong, perhaps we can see big movement of...

traderfiz

The price currently in compression and heading to previous monthly support line. Watch closely the price action around green zone and cut loss if the price break below 0.195

traderfiz Updated 

Price might be reach to the next monthly resistance line. Besides that, the chart pattern in the making of potential rising wedge which is one of the bearish signal to take a look. In addition, long term trend still downtrend and the price compressing to reach supply zone around RM1.30. Let's see how the price react with this analysis.

traderfiz Updated 

My idea for this ranging trade is to wait for the price to reject at resistance level. I'm looking to short this pair due to have a few confirmation in my analysis such as Fakeout, SR Flip, Compression and Bearish Engulfing. However, this trade is quite risky entry since the trend do not have any bullish or bearish momentum. I keep my drawdown low at 30 pips stop...

traderfiz

Gold continues bearish momentum by breaking previous Support @ 1622 after a very long sideways market. If the price retrace back to the breakout point, we can try to find short entry with minimal risk.

traderfiz

If the price reject the support line @ 1473, might be it bounce back to the next resistance level @ 1540 thus forming Double Bottom to break the Channel Down pattern. There's a few key level to focus on (marked with red rectangle zone). However, the major trend is still bearish and if the price break 1473, consider the buy setup is failed.

traderfiz Updated 

The strategy is simple. Buy at support as we can see the price consolidate and still in bullish momentum. Watch closely the price action around the green zone. Cut loss if the price break the support line 1548 and always take into consideration your risk and money management. Happy trading!

traderfiz

As expected, price already closed the gap and breakthrough ascending triangle pattern after a very long choppy market. We can see strong bullish momentum right now as the buyer starting to participate in the market. What we need to do is to wait the price retrace back to the previous breakout pattern as a confirmation to buy entry. I forecasted the price will...

traderfiz

Strong bullish momentum for Gold and might be reach to previous supply zone 2060 - 2070

traderfiz Updated 

Possible short term downtrend as we can see QML setup and price already break below previous Higher Low. In this setup, I just risk 35 pips away from my entry. Happy trading!