Historical strong resistance seen on weekly chart. Reverse head and shoulder formation completed on daily chart and possible reversal for short trade.
Friday, February 11, 2011
Reverse Head and Shoulder for GBPJPY
Historical strong resistance seen on weekly chart. Reverse head and shoulder formation completed on daily chart and possible reversal for short trade.
Double Top for Galaxy Entertainment 0027.HK
Time for bungee jumping.. Double top formed and support broken..
Head and Shoulder for EURUSD H4..
As anticipated, the right shoulder is formed for eurusd on H4. Neckline will be at S1 support indicated by the red line...
Thursday, February 10, 2011
Beginning of a downtrend... CSR (01766.HK)
This would define a fast and furious selling. Broke through 2 support level easily like slicing a cake.
Market is due for a massive selloff after going up almost non-stop since end 2008/ beginning 2009 with minor corrections in between.
Market is due for a massive selloff after going up almost non-stop since end 2008/ beginning 2009 with minor corrections in between.
Double Bottom by USDCAD Daily
Long term historical low support level coincides with a double bottom formation on daily chart by USDCAD. Risk is lowered further by USDJPY at long term support historical low at entry.
Triple Top formed by AUDUSD
First post in 2011 n Rabbit Year. Similar triple top pattern formed by AUDUSD in 2009/2010 seem repeating. Low risk trade.
HUAT AH !!!
HUAT AH !!!
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