USD/CAD Daily Update (5 Oct 2016)Loonie is the track to reach 1.3330 target level as expected.
Now the market is Risk On , favor of USD,
Trade Safe
s0nic
Singapore
XAG/USD Silver Daily Update (1 Oct 2016)
I am Slightly Bullish.
The market is in BIG range, you can see clearly in Weekly or higher TF.
Market will use 18.50 region as high support.. I am on the BULL (Slight or heavy) as long as those levels hold.
Trade Safe
s0nic
Hong Kong Index HSI Daily Update (30 Sept 2016)I'd like to express my "possible" bearishness on this index..
Let's the chart speaks for itself..
Trade Safe,
s0nic
FTSE UK Index Daily Update (30 Sept 2016)A nice Short Set up "may" be forming on this index. I will be on the SHORT bias as long as it is below 6962 level..
If it goes in my way, first resistant will be 6800 area and further 6680 area.
Trade Safe.
s0nic
EUR/JPY Daily Update (29 Sept 2016)Did you make $$ using my EJ Long bias. on last analysis? Well.. Congrat to you..
We just had a nice profit from EJ long.
Moving forward, I am still in BULLish side and this pair is in Bull bias as long as 113.50 level is holding.
Trade Safe,
s0nic
XAU/USD Gold Daily Update (29 Sept 2016)I am still standing On BULL on the pair with 1,315 as a priming support.
Next stop is 1,335 and it can reach there. will not going Short anytime soon.
s0nic
AUDSGD Going Sideways but near historical lowsAUDSGD is near historical lows but current price action is showing the pair in a sideways consolidating channel.
AUDNZD Bearish Basic StructureSimple short trade on the AUDNZD here, price has been making lower highs and lower lows on the 4H timeframe. Decide to place 2 limit orders on the 0.618 and 0.786 RETRACEMENT OF XA.
Identified possible areas of reversal as my profit targets. Shooting for extended targets.
AUDJPY BEARISH BAT and BEARISH ABCDAUDJPY on a DOWNTREND here, identified 3 possible SHORT ENTRIES
Advanced Pattern
A possible BEARISH BAT PATTERN. ENTRY @89.26 (Purple line)
ABCD Pattern
Using XA as the impulse leg, i identified ENTRY ZONE 1, between the 71.8 and 61.8 RETRACEMENT OF XA. However, i do not feel that this entry zone will be hit, given that it has already been tested 4 times. But hey who knows?
ABCD Pattern
This entry is the one i have most confidence about. i have identified ENTRY ZONE 2, between the 71.8 and 61.8 RETRACMENT OF BC. While there is a lack of structure for confluence at this level, if price does manage to retrace to this zone, it will be a ideal point to SHORT, with STOPS above B
EURGBP SHORT BASIC STRUCTURE + 1234Looking at EURGBP, price has been a down trend since April this year. Price has retraced to touch the 0.618 RETRACEMENT OF XA. The 0.618 - 0.718 RETRACEMENT ZONE also confluences with a major structure level, the previous high!
Looking deeper, we see that the retracement is also a 1234 SETUP, confluence with RSI DIVERGENCE and a DOJI, whose upper wick extends into the 0.618-0.718 RETRACEMENT ZONE.
Would be a fantastic setup to short. However, bearing in mind the EU Referendum happening on 23/06/16 which will decide if the UK will stay in the EU, i will probably sit this pair out, at least until the storm passes!
NZDJPY ABCD/1234 SHORT Found what I thought would be a simple shorting into a downtrend when price retraced to the 61.8 RETRACEMENT of the impulse leg XA
Further inspection of the RETRACEMENT LEG ABCD revealed a 1234 movement, which terminates at the 1.272 EXTENSION OF AB . This level has further confluence with structure on the left and with the 61.8 RETRACEMENT OF XA. This will be our ENTRY ZONE
Price seems to have neared ENTRY ZONE and retraced. Planning to enter a full position @75.41
AUDCAD BULLISH BAT PATTERNA simple BULLISH BAT PATTERN forming on the AUDCAD
LONG ENTRY @0.92608
TAKE PROFIT @1.01670 RR Ratio= 4.74
TARGET 2 @0.98566 RR Ratio= 3.15
TARGET 1 @0.96166 RR Ratio= 1.86
STOP LOSS @0.90661
AUDNZD BASIC SUPPORT AND RESISTANCE LONGBat pattern just completed (Not drawn in)
Pair moving to support level dating back to late OCTOBER 2015. Simple buying at a support level. Profit targets at 0.618 RETRACEMENT OF XA. Will probably wait for a reversal signal like a higher high higher low or a double bottom on the 4H time frame before entering
SIMPLE ABCD TREND FOLLOWING ON THE EUR/JPYPlaced 2 orders to enter half orders at the 61.8 and 78.6 retracement of XA. Downtrend clearly visible on the 1D and 4H charts
BEARISH GARTLEY ON CAD/AUDA bearish gartley pattern has just completed on the CADAUD (1D and 4H). Purple line represents the 127.2 EXTENSION OF ABA and orange line represents the 78.6 RETRACEMENT OF XA. Shorted a full position
nice top here, about to do a quick moveTarget 1.32, channel support.
All evidence points to a huge dollar tank ahead.
Gold:
EURUSD:
EUR/USD BEARISH GARTLEY, SHORTING 2 HALF POSITIONSThe 127.2 extension of the ABA leg is rather far from the 78.6 retracement of the XA leg. Decided to short 2 half positions at those points. Any thoughts on this method? Have seen variations for the ROE of a Gartley, some requiring confluence while others do not!
Ringgit is still pricing for further decline This level held pretty well in a triangle since I last posted about SGDRMY, it does look like we are about to see a much higher SGDRMY rates at a projected range of 3.25 - 3.29 .
