khng_444

khng_444

Price rejected off POE, broke through trench which was created on 20/7, and rejected by this trench. Price also ended below Friday's Intraday Control. Likely for more downside.

khng_444

I will only be looking to short this pair, 1) Friday ended with a bear candle + decent volume 2) Price rejected twice off 200 EMA and trench (confluence factor) Will be looking for a quick TP at 0.929 first and look for another possible short once 0.929 is broken.

khng_444

Price has entered into the trench which is supporting quite strongly. I am bullish as long as this trench is not broken. However, I am only slightly bullish as there is a congested zone above it which can push the price back.

khng_444

I am slightly bullish on this pair because 1) Price is consolidating at a POC level with a weekly major support below it. 2) The weekly candle ended with a doji candle - any bearishness is being absorbed by this candle. 3) Price ended above the Intraday control. Therefore, as long as 1.626 is holding, I will be bullish.

khng_444

CHF was very bearish last week; thus XXX/CHF pairs are all very bullish. With 5 straight days of bull candles, I expect continuation on the bullishness. However, price has hit and was rejected off a major Resistance (base on weekly TF). If price is able to break through strongly, I will long on retrace to 0.788. If the resistance holds strongly, I will short if...

khng_444

As seen on the chart, a rounding top is in the making, which could signify a possible trend reversal. Personally, I like seeing rounding top or bottom patterns on a chart. Price has also broken off the trench and therefore I will look to short on retrace.

khng_444

Weakness is shown, would like to see price break into trench, and enter sell upon retrace.

khng_444

As seen from the chart, price is making a lower low and lower highs and is in a downtrend. What I can see is also price is kind of respecting the trend line. From here, I think that price can make its way to 1.677. However price action is still bearish, and the bullish candle is not well supported by the volume we see. Therefore I expect another down move to 1.625...

khng_444

This pair is bearish at the moment and is not wise to long. At the moment, price is heading towards a congestion zone at POC (1.7273) where some support could come in. I will stand at the side to see what happen when price reaches the congestion zone to see if price is able to break through before making any move. Will also be placing a buy limit at 1.689 if...

khng_444

Price has reached a support area, therefore I am expecting some fights to come in. I am still bearish though.

khng_444

Price have broken off the trench and is looking very bullish. I feel that the intention is to hunt for stop losses that are placed at 0.7482. Price action and trend is still bullish and price might even go up to 0.757. I am still bear-biased and will only look for short when bearish signal is showing. As for now, I will sit back and observe as it is not wise to...

khng_444

It seems to me that both USD and GBP are the weaker currencies for the past week (correct me if I am wrong please). There are some bearish volumes coming in on Thursday but 1.294 is holding on at the moment. If the 1.294 support is broken, I think 1.28 is easily reachable.

khng_444

As seen on the final day of last week, there is a high volume but the candle spread is short. Therefore I feel that a correction to be expected. However, the structure is still very bullish, and will not be surprised to see it go up again after correction. Therefore I am slightly bearish on a lower timeframe. Price is now though at a bearish trench. So we will...