traderfiz

traderfiz

Gold might be bearish as we can see the bullish momentum is getting weaker day by day. On a Daily timeframe, the price in compression mode and yesterday's candle shows bearish spinning top. It is a reversal signal and let us wait for a significant drop and the best entry is at the pullback/retracement.

traderfiz

Look on the left structure, very strong supply zone and clean bearish engulfing setup. On top of that, price action move in compression and in this setup I will risk 25 pips away from my entry. So let's chip in!

traderfiz Updated 

Wait for the price to pull back at previous Support and we can see the bullish momentum still strong at the moment. What is more favorable for me in this pair is the risk quite low. So in this entry I just risk 20 pips away from my entry point. Last but not least, let see how the price action move to the entry point.

traderfiz

The idea is straight forward. If the price break the resistance line and make new Higher High, wait for pullback and entry at the breakout point (make sure it is clean breakout). On top of that, we can see the price already break the downtrend structure and in Daily timeframe shows Double Bottom pattern which is strong signal for reversal. I recommend to take...

traderfiz

Hi Traders, just a simple analysis for the entry long idea. The price might be retrace to 50% fibo level and also it is cross with the trend line and significant support & resistance. It would be fine to scalp or short term trade as we can see the bullish momentum is getting weak. So, watch out!

traderfiz

Market still ranging and consolidate. However, if the price break the support level, might be it will drop to previous lowest low @ RM 0.06. We can see this counter is not so favorable at the moment as the volatility very low for the past few weeks. I'm watching closely to entry buy if the price break the next resistance level. For now, we just need to be patient...

traderfiz

Just a simple analysis for this oil counter. I'm still bullish with this counter because on the technical side we can see the price compressing to complete Ascending Triangle pattern. On top of that, we have the internal pattern of Double Bottom which I think strong signal for price reversal. I just roughly forecast the movement of the price by using Fibonacci,...

traderfiz

Here's the updated market structure for KLCI. As expected, KLCI recovered which very fast as the investors already have confident to participate in the market. On the fundamental side, we can see the efficiency of Malaysia government to tackle the issue of COVID-19 and the announcement of Stimulus Package in order to recover the economy. For this moment, it's...

traderfiz

In this analysis, we can see the price already crossed the previous Higher Low which means it can be a signal for reversal. So, my entry would be in the Supply Zone "Drop Base Drop" since that zone can be consider as "fresh zone" and MPL for Quasimodo setup. In addition, that zone exactly near the Weekly Resistance Trendline. Be patient and wait for the price...

traderfiz

Low risk with high reward due to Quasimodo setup in historical price. On top of that, the entry price exactly on Monthly Timeframe resistance. Trend has been switched to bearish momentum as we can see Descending Triangle pattern on the Daily Timeframe and currently the price pullback to the breakout point and Drop Base Drop zone. So let''s wait the price action...

traderfiz

After a very long term bearish since 2018, we can see now KLCI starts to recover. We can expect the price will move up to 16% to find a previous supply zone. However, the price still retest at demand zone and might be a good opportunity to buy the index at discounted price. p/s: the index correlated with stock market so we can start to build our watchlist to...

traderfiz

Potential double bottom and might be close the gap if break resistance level MYR 0.115. We can chip in long or wait until the price break the resistance and make pullback to the breakout pattern.

traderfiz

Hi Traders! Before the market close this week, we can see strong bullish bias on the price action. But that's a good news for sell opportunity due to price already touched QML level and we have a fakeout signal which we can expect the price will slightly bearish next week. However, if the price break 1.26441, might be it will break our resistance level previous...

traderfiz Updated 

Hi Traders! Possible swing setup to short EURUSD Risk 60 pips Reward 120 pips Trade at your own risk!

traderfiz

What's up Traders! Hope you are doing well. So without further due, I expect the price retrace to Breakout Point in order to complete the Wave 4 (0.59172) before it fly to Wave 5 (0.6022). My safe take profit is at the Monthly Resistance line since the major trend looking downtrend. Recommended to set your Stop Loss 5% from your capital. It is important to keep...

traderfiz

This setup is suitable for SCALPER! Stop Loss 50 pips and 100 pips Take Profit. DO NOT RISK MORE THAN 10% FROM YOUR CAPITAL! Happy trading and trade at your own risk :)

traderfiz Updated 

Daily time frame analysis shows Gold making correction as we can see the price near 0.618 Fibo level. I expect the price will make correction/retracement for these few days before it continues for bullish momentum. On top of that, the RSI already oversold at 88% which means it will act as our confirmation for short entry. Last but not least, we need to wait for...

traderfiz Updated 

What's up Traders! Without further due, lets take a look at this pair. As you can see the major trend line is bullish but still at support area. It is good to know that the support area is the fresh area of supply and demand zone (Drop Base Rally). For the chart pattern, it might be performing Double Bottom as reversal pattern but we need to wait for 2 days...