Friday closing: 1.3790
Monthly, Weekly and Daily chart shows bullishness, EUR/USD close at 1.3790 for the week.
I am looking at EUR/USD to rally to 1.4020-50 in coming week, so long as the support 1.3500-50 region can hold.
This pair already trade above 50% retracement, will it test another level above?
Resistance (Fibo) = 1.4020-50
observe for reversal sign to enter short when it reach this level.
My trading Plan:
Long EUR/USD
Entry 1.3590
SL 1.3550 (hammer on 30 mins chart)
TG1 1.3700 (+110 pips)
TG2 1.3820-50 (+230 pips)
GBP/USD
Friday Closing: 1.5815
This pair has been swinging up and down, it takes a lot of patience to trade this pair, I have been waiting for days for an entry, and I only aim for 100-150pips for intraday trading.
there's once quick trade on GBP/USD which I find interesting. I have shorted at the antenna top when GBP/USD trading at high 1.5910 region, got killed at the 3rd bar (high 920), and then market moves in favour, ride through this short term trading strategy (Short 1.5909 - Close 1.5816), traders would have made for 100 pips profit.
Strong Resistance 1.6000
From the chart pattern, GBP/USD has found a good support level at 1.5660 region. It may continue the consolidation for the following week and test 1.60 high.
There're two possibilities:
1) GBP/USD being resisted at 1.5900 and start trading down to 1.5700, or further down to test 1.5610 region (EMA200 on 4 Hour).
2) GBP/USD to continue to consolidate in range of 250 pips bias up to test double top 1.6000.
I suggest to stay out.
AUD/USD
Friday Closing: 0.9725
Who loves to trade AUD/USD? =)
Trend is clear. Making new high everyday.
Extension wave is beautiful.
Current Resistance: 0.9750
Support: 0.9650
Strong Support: 0.9620
It almost created a divergence on Day Chart, but no, rally is not over yet, with current bullish trend, it may head up to test 2008 High 0.9850. Which is only another 125 pips ahead.
With current resistance at 0.9750, hopefully AUD/USD can make little bit of swing down to 0.9700-0.9650, good to plant your long and ride with the trend until it break above 0.9750 to reach 0.9800-0.9850.
My Trading Plan:
Long AUD/USD
Entry: 0.9690
SL: 0.9650 (-40 pips)
TG: 0.9810 (+120 pips)
GBP/USD
Friday Closing: 1.5815
This pair has been swinging up and down, it takes a lot of patience to trade this pair, I have been waiting for days for an entry, and I only aim for 100-150pips for intraday trading.
there's once quick trade on GBP/USD which I find interesting. I have shorted at the antenna top when GBP/USD trading at high 1.5910 region, got killed at the 3rd bar (high 920), and then market moves in favour, ride through this short term trading strategy (Short 1.5909 - Close 1.5816), traders would have made for 100 pips profit.
Strong Resistance 1.6000
Resistance 1.5920
Resistance 1.5870
Support 1.5700-660
Strong Support 1.5600
From the chart pattern, GBP/USD has found a good support level at 1.5660 region. It may continue the consolidation for the following week and test 1.60 high.
There're two possibilities:
1) GBP/USD being resisted at 1.5900 and start trading down to 1.5700, or further down to test 1.5610 region (EMA200 on 4 Hour).
2) GBP/USD to continue to consolidate in range of 250 pips bias up to test double top 1.6000.
I suggest to stay out.
AUD/USD
Friday Closing: 0.9725
Who loves to trade AUD/USD? =)
Trend is clear. Making new high everyday.
Extension wave is beautiful.
Current Resistance: 0.9750
Support: 0.9650
Strong Support: 0.9620
It almost created a divergence on Day Chart, but no, rally is not over yet, with current bullish trend, it may head up to test 2008 High 0.9850. Which is only another 125 pips ahead.
With current resistance at 0.9750, hopefully AUD/USD can make little bit of swing down to 0.9700-0.9650, good to plant your long and ride with the trend until it break above 0.9750 to reach 0.9800-0.9850.
My Trading Plan:
Long AUD/USD
Entry: 0.9690
SL: 0.9650 (-40 pips)
TG: 0.9810 (+120 pips)
wish ayumi sifu a happy trading week ahead.. wish ayumi sifu many many winnings and lots of $$$ coming in... hehehehe :):)
ReplyDeletementor jc: thank you mentor! ^_^ hope our dream come true mentor! wish mentor many many profitable trades too!
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