ETCJames

ETCJames

Technicals: After Gold bullish push we are now seeing some sellers enter the market (More details in economics below) I am initially looking for a short position. After price reaches the Fibonacci Golden Zone (0.5%-0.618) I will look to move SL to breakeven and enter a long position if we see signs of rejection. Economics: We saw a large run on Gold when the...

ETCJames

Technicals: USDJPY is forming what could be a great double top. I would not like to buy into this right away as the MACD is showing some bullish weakness along with the DSS just heading out of 'overbought' territory. I would like to see a slight pullback before entering into the overall uptrend. Economics: The USD is showing some bullish signs such as likely FED...

ETCJames

Technicals: AUDJPY has very clean price action to continue it's bullish trend. After breaking above previous highs (resistance) price has held strong and had a healthy pullback to the fibonacci 0.5 - 0.616 level AKA golden zone. This paired with the MACD showing bearish momentum weakness and DSS being close to 'oversold this looks like a healthy long...

ETCJames

Technicals: We can see price has created a resistance a left a clean top, pairing this with the MACD showing bearish weakness and DSS heading into 'oversold' territory I expect a pullback to test resistance again, forming a double top. Economics: The GBP has been one of the worst performing G10 currencies, a real change is required by the Sunak Government in...

ETCJames

Technical: Price is currently at a great level of support after great buying pressure driven by the Isreal war. After such a large move with little pullback, I think now is the time we will see the pullback before continuing to the upside, at least back to the 2000.00 range. The Fibonacci 0.5 and 0.618 levels match nicely with a candle that needs filling. This...

ETCJames

We can see GBP/CHF is following an uptrend, I will be waiting for another touch on the trend line / some sort of reversal and then will look to buy. I am aiming for the previous highest high.

ETCJames

After seeing 2 breaks above resistance and now sellers appear to be pushing price backdown I am going to be setting a sell stop with a target TP of the previous support and an SL above the previous high

ETCJames

Price is currently on a downtrend, I will be placing a short, TP set at previous lows.

ETCJames

GBPCHF is heading to the upside, if we see price reject this zone exactly like it has done previously I will be looking to place a sell stop.

ETCJames

We can see GBPCAD forming highs however failing to break levels. I am expecting to see a stop hunt then movements to the downside. I will be looking for to place a sell stop once price starts heading to the downside.

ETCJames

We have seen price bounce off resistance 3 times, then a fake breakout, most likely a stop hunt. I will now be looking to short this.

ETCJames

Price currently at a low and we are seeing signs of a reversal. Once we see confirmation this is a trend change and not pullback I will be entering long, TP is at the previous resistance.

ETCJames

We can see a very clear zone of liquidity, the rise we are currently seeing leads me to think there is a stop hunt happening, once this starts to reverse I will be going short and aiming for the previous low.

ETCJames

Price looks like its breaking through the uptrend we've seen for a while now. If we see confirmation of this I will be entering a short position with a sell limit (if price re-tests / pulls back to the trend line). There will be 2 TPs in areas we've seen price previously respect. On the other hand, this could just be a bit of a fake breakout meaning it would be...

ETCJames

EUR/USD Analysis - Are we seeing the 2 month trend change?

ETCJames

GBP/JPY is currently on it's 3rd touch of resistance. I am hoping to see bears come into the market, once the 4HR candle closes I will look to enter a short. GBP/JPY is also following an ascending triangle formation so it is possible bulls could push price above and make this setup invalid.

ETCJames

EUR/CHF has been in a 100 pips range since July 2020. Is it now coming to an end? I can see an ascending triangle forming indicating stronger buying pressure. It's possible we could see price return to the 1.10500 area. Id like to hear other peoples thoughts on this.

ETCJames

EUR/JPY potential buy - Swing Trade.