AUDCHF – 5th Week Of Feb

Weekly Analysis shows that market has an overall bullish trend (making higher highs and higher lows) but has currently come to a halt due to the recent lack of buyers to push the price beyond previous structure’s high. 

Daily Analysis clearly shows that market is in a bearish trend which contains a massive amount of sellers down the channel. Next week trade, I will be looking to trade the retracement of this market pair. Why? The market is currently trading in a respectable key level which previously had distinctive demands for the Aussie and good Risk to Reward Ratios.

4 Hour Analysis Structure of the market on the smaller timeframe indicates that the market is in a consolidated making mix trend characteristic while it breaks off a bearish channel. My entry strategy (long) would be to wait for the market to open with a gap (as circled) or market to trade higher and retrace (not beyond recent structure low) before entering.  The ideal Risk to Reward is set at 1: 2.5-3. 
p.s : I’m planning to go back to more personal finance too at the same time 🙂 been really busy with my upcoming exam.

14/2/18 – UOB

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Weekly Chart Analysis – Price action on the stock indicates that it is in an overall bull trend ( started in 2009 ), making higher highs and higher lows. Something I spotted was that market tends (high probability) to retrace to the 0.5 area before moving higher.

Current price action indicates a probable retracement more than a continuation of the trend.


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Daily Chart Analysis – Differs a lot from the weekly chart, where it shows that price action has recently respected previous structure low (maintaining the trend characteristic). The market still has a leg room to prove the retest, hence an entry now wouldn’t be a wise one.

The ideal entry would be an exhaustion in retracement like the current one, It will provide a better Risk to Reward Ratio.

2/2/18 – Singtel

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Weekly Chart: Price action on the stock seems to be trading in a consolidation range with an up build of a bearish character. If the market breaks 2016’s structure low, it would have completed a bearish trend requirement. Thus, increasing the probability of Singtel’s share price to drop even lower. What the possibility of that??

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Daily Chart – It seems that there’s a great probability of such happening, as price action has recently just broken previous structure low ~ forming a bearish trend. If you’re planning to long this stock, It would only be wise to be in when a retracement happens. I’d think Singtel has a high probability to be trading around 2013 price level.


2/02/18 GBPJPY

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Weekly Analysis – The market pair was initially trading in with a bearish momentum ( lower higher and lower low) till late 2016. As price action did not break previous structure low, it signifies a strong bullish possibility.

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Daily Analysis – Knowing that all trades have to be aligned with the bigger time frame, I waited for the market to break key level and retrace ( for better risk/reward ratio) and entered on a smaller time frame. This has brought me a trade with a 1 : 4.64 RR.

Side note: I might exit and not trade my trade once market hit my target.