20220612 - 2130H: Weekly display a doji on DKL @0.65309 and follows with a big red bouncing off DKL. Expecting similar path as AUDUSD with a pullback before heading toward channel bottom and possible next WKL @0.5975
20220612 - 21:20: Weekly chart presented a big red engulfing candle; price enters back into the channel of a long-term downtrend. Expecting a pullback to retest channel top + SMA200 before heading to the downside.
20220517 - 2217H: Price bounce off FIBO61.8 & EMA. Expecting a continuation of the uptrend. Price reach the DKL @82.478, thus expecting a pullback before moving to the upside. Will look out for a setup @82.00.
20220508 - 2310H: Price broke through weekly channel, short term bias for HiMAC BUY setups to WKL @1.30. Will keep a watch on a reversal at this level which converge with SMA200. 20220516 - 2215H: Weekly prints a beautiful rejection of WKL @1.30134 and SMA200. 20220517 - 1733H: Price has entered the channel with a strong downward move. Will look out a trade...
2022050508 - 2240H: A strong downtrend currently in play, reference to DXY, price may continue the downward move and response at DKL @0.6989 (to form a triple bottom) before reversing to the upside. Alternatively, price may continue to move towards the downside to WKL @0.68305 or Channel bottom @0.6732. 20220516 - 2155H: Weekly prints a nice rejection of WKL...
20220508 - 2302H: Weekly prints a doji after bouncing off from DKL @1.3900, while Daily Chart displays a double top with an inverse hammer. Possible reversal in progress. However, EMA displays an uptrend on all time frame. Will await a retest on DKL or a valid HiMAC Sell setup. 20220516 - 2215H: Setup is no longer valid. There is a good possibility of price...
20220504 - 1619H: Weekly prints a new channel in the making. Daily chart reflects a morning star on channel bottom. H4 prints a H&S. A potential reversal in play. No rush on the setup, unless a Bullish green is drawn for Week 02 May. Will look out for HiMAC setups to trade to DKL @0.95825. HiMAC Bias: BUY 20220505: Daily prints a big green candle breaking the...
20210514 - 07:20am AU Economy is picking up with the adequate controls in place to manage current Covid situation and positive eco reports. Trade is executed @1.07566 Daily Key Level. A nice imprint of a channel setup, plus a retest of SMA200, with support crossover from MACD and uptrend on RSI. Note: Highly possible retest of channel bottom. Expecting Price...
H4MAC Strategy SELL @0.86803 SL @0.87149 TP @0.85766
SELL @1.50019 SL @1.5095 TP @1.47600
SELL LIMIT @1.196 SL @1.202 TP @1.181 Trend and Channel Trade
SELL @1.25926 SL @1.26493 TP @1.24688 Trend & New Fundamental Trade setup.
H1MAC Strategy BUY LIMIT@1748.088 SL @1742.154 TP @1760.631 Trade setup at 20210408 - 2000H
Technical Double Bottom at Key Level & Long Term Bullish Trend. BUY LIMIT @0.6514 SL @0.6464 TP @0.6705
SELL @106.093 SL @107.247 TP @105.641
Prices has oversold at this level, take a short ride on this pull back. DXY has supported a positive strength for to retest the moving averages before heading south again.
BUY LIMIT @59.748 STOP LOSS @58.818 TAKE PROFIT @61.702
Price rejected Trendline @1789.00 and a retest in progress. Should support be respected, the possible scenarios as above. Otherwise, next Key-Level to observe @1765.00