NZDUSD is currently trading in an interesting zone. We have a bullish harmonic formation and the confluence of key support levels, and daily rising trend line. If a bounce from here happens, I have two possible scenarios. 1st is a pull back and then continuation of bearish symmetrical movement (Refer to the yellow lines). 2nd […]
Key Levels for week 14 Feb 2011
Here are the pairs and the key levels that I’ll be watching for the coming week. These are basically support and resistance levels. Since I am mostly trading off 4-hour charts, I am only posting charts of this time frame here. Have a great trading week ahead! [tab: GOLD] [tab: AUDUSD] [tab: EURGBP] [tab: EURUSD] […]
Key Levels to watch Week 07 Feb 2011
I am testing a new idea, so for limited time, I am posting key levels of some major pairs that I am trading frequently. These are basically support and resistance levels. If any of my 12 readers finds these to be useful, shoot me a comment, we’ll see what we can do with these. I […]
Happy Chinese New Year
First of all, Happy Chinese New Year~! ????? Today marks the beginning of the Year of Rabbit. I am very sure this is going to be a great trading year. Here’s to a healthy, happy and profitable year of Rabbit!
$USDJPY 01 Feb 2011
This is one of the swing trades that I am working on. USDJPY is back to 82 zone, in which I see some decent supports in this area. And with the 61.8% retracement from the last swing leg, I am looking at the potential completion of ABCD formation around/above 84 levels. Well, I might be […]
$EURGBP 24 Jan 2011
I have been looking at this chart since last Friday. Starting from 0.8540 will trigger my short. However, there’s also a possibility of running into 86 level where another bearish harmonic setup is formed. In short, currently, I am looking at the zone that contains confluence of bearish harmonic pattern, Fib levels and price resistance […]
