TickMill Desmond Leong
Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily usi
Heading into 50% Fibonacci Resistance
TitleHeading into 50% Fibonacci ResistanceTypeBearish ReversalPreference:Price is rising towards the pivot point of 0.62032 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level and could potentially reverse from here; we c...
7 months ago
SPX500 H4 | Bullish bounce
TitleSPX500 H4 | Bullish bounceTypeBullish BouncePreference:The price could fall to the pivot at 4952.82, the overlap support, then it could bounce off the pivot and rise to the 1st resistance at 5038.6, the multi-swing high resistance.Alternative scenari...
7 months ago
XAUUSD H4 | Bullish Bounce
TitleXAUUSD H4 | Bullish BounceTypeBullish BouncePreference: Price has just bounced the pivot point of 2015, an overlap support level. A bounce from this level could lead the price to rise to 1st resistance at 2029, an overlap resistanceAlternative scenar...
7 months ago
EURJPY H4 | Bearish drop
TitleEURJPY H4 | Bearish dropTypeBearish DropPreference:The price is trading at pivot at 161.839, the swing-high resistance. Price could reverse from the pivot and fall to the 1st support at 160.166, the overlap support.Alternative scenario:Alternatively,...
7 months ago
NZDJPY M15 I Potential bearish reversal
TitleNZDJPY M15 I Potential bearish reversalTypeBearish DropPreference:Price has jsut reacted off the pivot point of 92.24, an overlap resistance that aligns with the 61.8% Fibo retracement. A reverse from this level could lead the price to fall to 1st su...
7 months ago
Potential Bullish Breakout
TitlePotential Bullish BreakoutTypeBullish BreakoutPreference:Price is rising towards the pivot point of 88.539 which is a potential breakout level and could climb higher from here; we could see momentum carry price up to its 1st resistance at 90.326 whic...
6 months ago
GBPUSD H4 | Bearish breakout
TitleGBPUSD H4 | Bearish breakoutTypeBearish BreakoutPreference:Price is falling toward the pivot point of 1.2609. A breakout from this level could lead the price to fall to 1st support level at 1.2553, a multi swing low support level.Alternative scenario...
6 months ago
XAUUSD M15 | Bearish Drop
TitleXAUUSD M15 | Bearish DropTypeBearish DropPreference:Price is currently at the pivot point of 2257.78, A drop from this level could lead the price to fall to 1st support at 2223.07, a pullback support levelAlternative scenario: If the price breaks abo...
6 months ago
EURUSD H4 | Falling toward support level
TitleEURUSD H4 | Falling toward support levelTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0803, an overlap resistance close to the 38.2% Fibonacci retracement level. A reversal from this level could lead the price to fall to...
6 months ago
GBPJPY H4 | Bearish Breakout
TitleGBPJPY H4 | Bearish BreakoutTypeBearish BreakoutPreference:The price is falling toward the pivot point of 191.05. A breakout from this level could lead the price to fall to 1st support level at 189.58, overlap support that is close to 161.8% Fibo ext...
6 months ago
Potential Bearish Breakout
TitlePotential Bearish BreakoutTypeBearish BreakoutPreference:Price could fall towards the pivot point of 0.59427 which is a potential breakout level and could drop lower from here; we could see momentum carry price down to its 1st support at 0.58648 whic...
6 months ago
Potential Bullish Bounce
TitlePotential Bullish BounceTypeBullish BouncePreference:Price is trading close to the pivot point of 18,247.89 which is an overlap support that aligns with the 38.2% Fibonacci retracement level and could potentially reverse from here; we could see momen...
6 months ago
EURUSD H4 | Bullish bounce
TitleEURUSD H4 | Bullish bounceTypeBullish BouncePreference:Price is falling toward the pivot point of 1.0728, a pullback support. A bounce from this level could lead the price to rise to 1st resistance at 1.0728, a pullback resistance.Alternative scenari...
6 months ago
EURUSD M15 | Potential bearish reversal
TitleEURUSD M15 | Potential bearish reversalTypeBearish ReversalPreference:Price is rising toward the pivot point of 1.0851, a pullback resistance. A reversal from this level could lead the price to fall to 1st support level at 1.0805, which is considere...
6 months ago