Hoddgittoo

Hoddgittoo

GU has been struggling to break the 1.3 zone since last month. Not only is it a very strong S&R area, it is also the daily 61 fib and is in confluence with my lower trend line. If you look at the weekly time frame, you can see a H&S pattern, with a doji/spinning top to close last week. Next leg still needs to be completed from H&S pattern.

Hoddgittoo

Daily TF has shown LH and LL. Yesterday, not only did we have a very strong bearish engulfing, we also had a double top to confirm this, with a break of the trend line. There is a strong 2h bearish wick off of the 50 Fib and a possible H&S pattern currently being formed. If bears take over, I believe it will drop down to 0.70000 and beyond.

Hoddgittoo

GU has currently been bearish all week, after a strong move to the upside the previous week. I believe that this is the last bearish move before shooting up to 1.35000. GU is about to touch the lower TL for a 3rd time, correlates with golden fib extension, and also a S&R/key level area at 1.30000. Will wait until Monday for further confirmation, or until upper TL...

Hoddgittoo

Starting from the daily TF, there are 4 bullish wicks, signifying a significant area of resistance. Another sign of weakness is that UJ is having a significant problem breaking my upper TL, which has now been touched for a 4th time. Taking it down to the 4HR, there has been a break and a retest of my middle TL. Looking at 2HR, there is a clear H&S pattern that has...

Hoddgittoo

All explained on the charts.

Hoddgittoo

More on the short side for usdcad . Touched upper TL twice already, awaiting for a 3rd touch and seeing how 4hr closes at the touch of the TL. Also in confluence with 61 fib and important 4hr support zone. If TL is broke, will wait for retest of TL and go long.

Hoddgittoo

Following a strong weekly bullish wick at the end of December, GJ has continued to smash through previous resistances. We saw a 3 week correction and are now back into an impulse move, identified by last week spinning top. It has now blown past by daily TL (green) which confirms even further bullish momentum, however, daily time frame signifies a weakness in...

Hoddgittoo

A strong bullish engulfing candle has been formed in the previous daily candle, which is a very sensitive support zone around the 1.12700 area (red). There was also a false breakout, and the euro has broken my upper TL, along with smashing through a very important weekly support (yellow). Taking it down to the 30 min chart a H&S pattern has also been formed,...

Hoddgittoo

NU has made a clear push past the daily TL and has now come back to retest it which could give us a great opportunity to buy. We can see a series of HHs&HLs. Even though it just failed to touch the .61 Fib level starting from the daily wick on 3 Jan, a daily spinning top is clear to see. Taking it down to the 2H TF, we can also see a H&S pattern that has already...

Hoddgittoo Updated 

Watching the 4H chart, it is clear that there are HHs & HLs. It has broken a very important daily resistance zone, 125.000 and now seems to be acting as a struggling support. This S&R zone also matches the 3rd strike on the lower TL, and also matches the 23 Fib level if you start it on the body on the flash crash instead of the wick. Taking it to the 12h frame we...

Hoddgittoo Updated 

A H&S pattern is currently being formed on the 2H tf. Once the upper TL is broken, I am expecting a strong push to 1.32000, and possibly much beyond this zone, however more market structure is needed in order to determine this. This move also goes with my previous analysis posted on 29 Jan.

Hoddgittoo Updated 

GU IS FOLLOWING A VERY STRONG TREND LINE, ALONG WITH VERY A STRONG BULLISH UPTREND ON HIGHER TIME FRAMES. GOING TO WAIT FOR GU TO COME DOWN TO PREVIOUS HH SINCE IT IS ALSO IN CONFLUENCE WITH MY TL AND MATCHES A PREVIOUS ABCD PATTERN, WHICH GIVES ME 3 REASONS TO BUY IN THIS ZONE. HOWEVER, IF THAT FAILS, WILL BUY ONCE TL IS BROKEN TO THE UPSIDE. WILL RIDE THIS OUT...

Hoddgittoo Updated 

UJ has tested the TL for the fourth time and seems like bears are trying to push it further down. This is ALMOST confirmed on the 4hr time frame since it has bounced back to the TL and is attempting to break a very strong daily SR in the 111.800 area.

Hoddgittoo Updated 

Bears have taken over on previous weeks as we see long wicks on weekly chart. However, bulls will take over around 1.2800 (area 1) known as a strong weekly S/r marked in the chart. This S/r is seen more on daily timeframe. Also near 61.8 fib level. If movement goes below 1.2800 area, we will not see a reversal between 1.26000-1.27000 (area 2) weekly S/r.

Hoddgittoo Updated 

1) Sept 18' monthly candle went up to Feb 18' Support and is currently being pushed back down. 2)Previous weekly candle stood under 25 MA, also, long bearish wick which can potentially keep bearish momentum going. 3) Wait for 4 Hr candle to close below 128.350 zone to enter. Still learning. Any input is greatly appreciated.

Hoddgittoo Updated 

NU has finally reached the first D extension which is identified in my analysis. I am expecting another 30-40 pip drop since tweezer tops have been formed on the daily time frame. 0.6800 is also a major monthly level, matches last higher high created, and is also in confluence with my lower TL. I will buy once it touches the lower TL for the 3rd time, or bounces...

Hoddgittoo

Here we can see a series of lower lows & lower highs. Major resistance areas on higher time frames have not been broken in over a year. After a long bullish rally, we can finally see bears taking control on the daily time frame for the past 5 days. Taking it to the weekly time frame, we can clearly see a hanging man, but more importantly, it has bounced off a...

Hoddgittoo

We can see USDCAD is on a very strong uptrend on the daily timeframe, staying between this upwards channel since September. It has touched the higher TL 3x and we are still waiting for the bottom TL to be tested for a third time.What leads me to believe that it will reach this area is 1) the break of the inner TL 2) this area will complete the ABCD pattern stated,...