Market analysis, insights and trading ideas on various markets and products!

Spencer Li

Forex Trading | USD/JPY – Nearing Our Predicted Price Target of 100!

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This chart has been a hot topic of discussion in our Traders Network ever since I predicted the price target of 100. As usual, everyone thought I was crazy, but the chart has once again proven itself. We could go back to the old debate again that it was news that caused the USD/JPY to move, but as traders we all know that price leads the news. We will continue to monitor this chart and manage our profits, and I am glad for those who have contributed and made a killing from this.

Here are some of my previous USD/JPY predictions on this blog:

https://synapsetrading.com/usdjpy-will-it-really-reach-100/
https://synapsetrading.com/usdjpy-chance-to-hop-on-the-super-swing/
https://synapsetrading.com/follow-up-on-usdjpy-up-300-pips-since-our-last-call/

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Spencer Li

Something Interesting I Discovered While Cross-Analyzing These 2 Charts

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While comparing the charts of the STI and the S&P 500, I noticed something interesting which led me to believe that the STI could be resuming its uptrend soon. I have shared my full analysis with the Traders Network, and I am waiting for the feedback and opinions from the other traders. I will be sharing more tomorrow during the seminar, so do be patient.

Those lucky few who managed to secure seats for the seminar tomorrow, I look forward to seeing you tomorrow!

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Spencer Li

Forex Trading | Follow-up on USD/JPY: Up 300+ pips since our last call

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Since we called for a strong buy near 92, the USD/JPY has surged up to 96, and is now hovering around 95. This simple behavioral pattern is easy to spot and trade, and as you can see, the profit potential is tremendous, because once real buying takes place, prices can continue to climb relentlessly. How far more will it go? We will be posting more charts soon in the Synapse forum.

Here was out last call:
https://synapsetrading.com/usdjpy-chance-to-hop-on-the-super-swing/

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Spencer Li

Forex Trading | Follow-up on GBP/USD: 400+ Pips in the Money

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Following my previous post, the break setup on GBP/USD played out also perfectly as planned, and I went short together with many of the club members. Currently, I am over 400 pips in the money, and I have taken some profit and trailed my stops to breakeven, so that I can ride this risk-free trade for a much larger move down. For the projected TP, refer to the previous posts here:
https://synapsetrading.com/gbpusd-long-term-view-by-club-members/
https://synapsetrading.com/gbpusd-is-a-mega-move-coming-soon/
 

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Spencer Li

Forex Trading | EUR/USD – The Turn on the Daily

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A violation of a major trendline is the first obvious sign of the Turn, which was confirmed by the sharp pullback test after the breakout, forming a long upper shadow and a clearly tell-tale price bar. A rough TP zone would be 1.2650, confluencing with a round number, prior swing support, and a measured move.

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