Browse By

USDSGD, AUDUSD and GBPUSD report for swing/day trades #10

We are going through retracement phase for major pairs i.e. DXY weakening. Without reversal pattern coming up DXY should eventually revert back to strengthening.

USDSGD swing look for buy continuation; day traders sell

Analysis for swing traders

Swing is clearly trending higher with higher highs higher lows from not just price action but Bollinger Bands as well. Therefore current movement = retracement.

For trigger look for VV in line chart at shadow or clear wash n rinse of shadow i.e. V shape below and then sharply back above shadow. If in doubt insert a 3ema display2 on day chart as filter.

USDSGD daily chart by Colonel Kink Forex Reporter

USDSGD daily chart by Colonel Kink Forex Reporter | Source: Tradingview

Analysis for day traders

Follow the consecutive black candles to short.

Discussion thread here.

 

AUDUSD swing look for short continuation, day traders long

 Analysis for swing traders

AUDUSD swing is still printing lower highs lower lows and Bollinger Bands agree.

Look for short signal at shadow A. Trigger could look like /\/\ on line chart or wash and rinse with clear /\ above then back below the shadow. If price fails to reach shadow A then zooming past shadow B could be an entry too.

AUDUSD daily chart by Colonel Kink Forex Reporter

AUDUSD daily chart by Colonel Kink Forex Reporter | Source: Tradingview

Analysis for day traders

Continue long in long with white candles.

Discussion thread here.

 

GBPUSD swing look for short continuation day traders long

Analysis for swing traders

GBPUSD favours continue short with swing lower highs and lower lows. Bollinger Bands agree. Noting where the higher Bollinger Band is price might not be able to reach shadow A. Zooming below shadow B should be an entry signal as well. Look for wash n rinse or /\/\ on line chart.

GBPUSD daily chart by Colonel Kink Forex Reporter

GBPUSD daily chart by Colonel Kink Forex Reporter | Source: Tradingview

Analysis for day traders

Continue to long in line with white candles.

Discussion thread here.

 

Report #9 USDJPY here.

Forex observations using the ColonelKinkSAR™ Method. Follow me on https://www.tradingview.com/u/colonelkink/.

I have no license to analyse/provide recommendation anywhere on Earth. I am a stranger. Bear your own consequence if you choose to listen to a stranger.

1Shares
Loading Facebook Comments ...

Leave a Reply