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Read more →I was waiting for non farm payroll date this evening. AUDUSD -Saw TX setup in H1 pointing to a down, just that price has to pull higher to reach the predicted price area (blue box) by TX. Again, if we have stucked to ‘not playing breakout’, it’s
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Read more →Many students ask about about EWUS on AUDUSD base on my twitter posting. Remember EWUS tap on symmetry of Head and Shoulder pattern. So the right shoulder confluence with Fibonacci will be a best point of entry. The only problem with this trade is that stop loss
Read more →AUDUSD Analysis Week 46 By Ko Siew Huey The AUDUSD weakened for the second straight week, touching the upper trendline of the downward equidistant channel on the day chart (which also corresponds to strong support and 50% Fib retracement levels) to reach the low of 1.0051 before
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Read more →Week 44 Analysis of AUDUSD pair By Ko Siew Huey Markets went into a euphoric frenzy last week after Eurozone leaders announced a plan that would possibly address the debt crisis currently plaguing Europe. Risk appetite returned and investors moved away from the relative safe-haven of the
Read more →AUDUSD Week 43 By Ko Siew Huey The AUDUSD has stubbornly camped around a tight zone for the past week and a half. On the last day of week 42, price broke through the upper trendline of the downward equidistant channel and entered into a critical zone
Read more →AUDUSD Week 42 The AUDUSD pair had its biggest weekly rally since Feb 2009 due to increased risk appetite returning to the market, with renewed hope that a solution to the Eurozone debt crisis might soon be found. In my analysis last week, I highlighted the possibility
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Read more →Week 39, AUDUSD By Ko Siew Huey A clear break of the equidistant channel seen on the daily chart. In week 38, price plummeted on the back of negative sentiments brought about by the Fed’s predictions of significant downside risks to the economy. That triggered a flight
Read more →If I tell you the killer factor that makes many vexed and frustrated over the past 2 weeks is own patience, I think I already heard many throws eggs at me. *smile* Still I believe that’s true. Well, for me, this is the biggest reason why I
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