Mahoganirjones

Mahoganirjones

We are at the top of a weekly high. The impulse to the top is a BIG 4 hour impulse - this means we are looking for a 4 hour correction! The ascending channel towards the top is confirmation of a fall soon to come. Keep an eye on what happens inside of that pattern for a sigh that the fall is about to begin. There is a bearish flag on the 30m signalling a fall - be...

Mahoganirjones

This descending channel meant you could have been buying at every bottom trend line touch with take profits once it hits the top. Risky moves were selling from the top to the bottom VERY close to major support structure area. BIG BUY coming up DON'T miss this - an UNCOMFORTABLE lot size on this move will go a LONG way in proving that patterns are KING! "IF YOU...

Mahoganirjones

I think price will push down at 1.010 white dotted resistance line This resistance line has held price down since July 2017. On Jan 10th 2019, there was a 30 minute candle that tested that same resistance price line and it held - buyers hit it hard but could not break it! The yellow ascending channel has enough room at the top for buyers to give one more push...

Mahoganirjones

This is a GREAT move on a Tuesday for USDCAD (typically 40 pips on Tues) - Oil has dropped 3.36% and USDollar is not strong. Keep marking your charts - it doesn't drop until it drops! Play what the market is telling you :)