weiloon940718

weiloon940718

As from the AUDUSD chart, there is the possibility to resume its bearish trend. Since EURAUD has high negative correlation with AUDUSD, i am interested to seek for long opportunity in EURAUD. From the chart, there is also a bullish candle pattern formed at near uptrend line, so i will look to buy the pullback. TRADE IDEA : BUY THE PULLBACK AT NEAR 1.46500 SL :...

weiloon940718

The price has been rallied from structure support area near 0.74470 for few trading days, now it comes to the crucial resistance level near 0.76700 (where there is also FIBO 0.786), a bearish candle also formed at there, plus the reversal of stoch at overbought area, if there is no other external factors cause it to rally again, there will be very high percentage...

weiloon940718

There is a possible Gartley pattern that shows point D may be a reversal point (where FIBO 0.786@XA, FIBO 1.272@BC, AB=CD converge at that area). Since the price still in the donwtrend channel, this bullish view is somewhat counter trend, so must trade carefully. TRADE IDEA : BUY AT NEAR 41.20-41.80 SL : 40.75 TP : NEAR 44.00

weiloon940718

The price just reached the structure resistance near 1.32400. If the OIL price do rebound at support 43.00, then this pair of currency may retrace also. So what we need to concern is the price action of oil price, and FOMC meeting minutes next Wednesday. If the FOMC meeting minutes give a dovish words, then this trade may give you a good profit, if not, you may...

weiloon940718

The price are somewhat stuck under resistance near 0.84843-0.85000, where there is broken channel support that turns into resistance, and structure resistance. If the price cannot break this level, it is reasonable to short at here, if it is broken, then leave. TRADE IDEA : SELL AT NEAR 0.84843-0.85000 SL : 0.85300 TP : 0.82890, 0.81000

weiloon940718

Since the upper trend line of the triangle is broken, I will try to find the opportunity to buy low. I will wait the price retrace to the broken trendline of triangle, FIBO 0.618 also located at there, and also the uptrend line support is also there. So there will be the price level that I will observe for price action. TRADE IDEA : BUY AT NEAR 1.31711 SL :...

weiloon940718

The price has rallied since 26 August 2016 and does not retrace much, since this is a strong rally, i an not interested to sell at high unless some bearish pattern appear. Instead, I am interested to buy low, first place I will consider is point C (if point B is not violated), where there is sharp retracement FIBO 0.382 and also structure support. I will only...

weiloon940718

The price just rebound at the FIBO 0.618 of XA and also the structure support there. If the price do not break this support level, I will expect a short term bullish trend, at least until point C, where FIBO 0.618 of AB and structure resistance located at there. TRADE IDEA : BUY AT NEAR 43.55 SL : 42.75 TP : 45.06, 46.45

weiloon940718

The price makes lower low and breaks the neckline near 0.85970, so I am interested to sell the pullback, and the price i want to short will be near 0.85930-0.86050, where FIBO 0.50, and small AB=CD converge at there, and also the structure resistance of neckline. TRADE IDEA : SELL AT NEAR 0.85970-0.86050 SL : 0.86300 TP : 0.84853

weiloon940718

Since the price did not really touch the point D of AB=CD at near 1.33427, and the up trend line is broken, i am interested to sell high, at least my TP will be at FIBO 0.618 and structure support at near 1.30232. TRADE IDEA : SELL AT NEAR 1.31720 SL : 1.32160 TP : 1.30232

weiloon940718

The first short zone is the finish point of AB=CD while there is also structure resistance, and the second place is the previous high near 1.34500 on 2016-7-14, and also 1.272AB=CD. TRADE IDEA 1: SELL AT NEAR 1.33450 SL : 1.33900 TP : 1.31670, 1.30266 TRADE IDEA 2: SELL AT NEAR 1.34300 SL : 1.34900 TP : 1.31670, 1.30266

weiloon940718 Updated 

Now the USD is so weak and i am not going to long the USD soon, at least until the price reaches the next crucial support level at near 0.95227-0.95402. If I were going to buy, i will wait the price to reach there, or when the price breaks the downtrend line. Alternatively, i will look for short term sell opportunity instead, but now the candle does not give any...

weiloon940718

There is the FIBO 0.786 and the AB=CD pattern converge at 1.13079-1.13172. So even though it is in uptrend, but the price goes too high and it is not suitable to chase price, so i am looking for sell opportunity, at least a short term sell opportunity, before i looking to buy at low. TRADE IDEA : SELL AT NEAR 1.13079-1.13172 SL : 1.13450 TP : 1.12335, 1.10822, 1.09630

weiloon940718 Updated 

There is the FIBO 0.618 and structure broken support that turn into resistance. I am interested to sell at here with good risk to reward ratio. TRADE IDEA : SELL AT NEAR 0.84823 SL : 0.85250 TP : 0.82483

weiloon940718 Updated 

The uptrend line shows there will be support at near 1.29900 and FIBO 0.618 converge at there also, and there is the low since 29-7-2016 and is not broken. So I am interested to buy low at there. TRADE IDEA : BUY AT NEAR 1.29880-1.30106 SL : 1.29700 TP : 1.31895

weiloon940718

As in the chart, the point D is a PRZ (potential reversal zone) where FIBO 1.272@XA, 1.272AB=CD, and FIBO 1.618@BC converge at there. However, we should wait the price breaks support Y and Z, only we can expect a bullish trend begins at point D. Additionally, it also means that price now may have a bearish trend until point D. TRADE IDEA : BUY AT 18.773-18.855 SL...

weiloon940718 Updated 

Watch closely to the potential libra pattern that shows at good short entry level near 41.87-42.13. Why I am interested to short because the short term trendline is broken and the high near 43.25 is retested. So short term downward trend may begin. TRADE IDEA : SELL AT NEAR 41.87-42.13 SL : 42.50 TP : 39.50

weiloon940718 Updated 

As in the chart there is the possible gartley pattern also, so i am interested to look for buying opportunity at there. (with candle reversal). Lets see the price action before entering the trade. TRADE IDEA : BUY AT NEAR 1.29100-1.29433 SL : 1.28880 TP : 1.30956, 1.33530, 1.34628