Blog and Rants

[tab: Asia Morning] $AUDUSD  is in the middle of nowhere before this afternoon’s rate announcement. $USDJPY [tab: End of Tokyo session] The rate announcement (unchanged) brought $AUDUSD down to 1.035ish.  If the breakout of the penant is to be trusted, the measured down move will bring us to around 1.02ish area. There’s no too much […]

[tab: Asia morning] Positive China data over the weekend lifted AUDUSD during Asia morning.  I am looking at 1.05ish as immediate target. And , also, if you pay closer attention, a potential Bearish Gartley is forming around 1.05 as well. Let’s see how it goes.

[tab: Asia Morning] Looking at potential completion of ABCD at the lower channel line. [tab: End of Tokyo session] Check back later for chart update after close of Tokyo session

[tab: Asia Morning] Here is the hourly structure of $AUDUSD I am looking at. This is not necessary a shout of buy, but I do expect some reaction at this point after the selling during overnight U.S session. Not so much about $USDJPY at the moment, it might be trapped between 83 to 8320. However, […]

[tab: Asia Morning] Here is the hourly structure of $AUDUSD I am looking at for today’s trading. It is not difficult to see the confluence of ABCD completion, resistance level and channel on the chart. Not much changes for $USDJPY during overnight U.S session. Still looking at potential test of 8315/8320 range.   [tab: End […]

[tab: Asia Morning] Good morning (as if there is anybody reading this post, at all!) from Australia.  As I tweeted, Monday morning is normally tricky to trade, I am spending more time reading than trading until Tokyo, Singapore markets open. Here is the structures of $AUDUSD and $USDJPY that I am watching. These charts are […]