JayBarbosa

JayBarbosa

Currently USDJPY is still in a bearish channel, it had a bullish run which completed 5 minute waves. ABC correction is under way. B is likely complete and see is speculative. I will be looking for short opportunities next week to short down to around 107.410. Please using risk management when trading. My ideas are for personal documentation purposes only, I do...

JayBarbosa

Please using risk management when trading. My ideas are for personal documentation purposes only, I do not wish to sell signals or teach. If you do not know how to take proper entries on trades please be cautious. My account allows for wide stop losses with affecting my risk management negatively. EU is currently tardily above a previous high and ranging at the...

JayBarbosa

Take caution, as I previously stated in the "Related Idea" linked, Dow Jones is valued at $26,000+ so only trade it with small lots and use rigorous risk management. My account allows for wider stop losses. Please trade responsibly. My ideas are for self-documentation purposes only and I do not wish to teach or sell signals. If and only if price gaps down at...

JayBarbosa Updated 

Trading is not subject to predictions, my traders are based on sets of if then statements; kind of like the criteria you program an algo with. Here there are both short and long opportunities. The micro trend is a correction down to either 61.8 or 78.6 which I will long and update later.

JayBarbosa

Top of bearish channel wave 5 inside a bearish correction close below 2.618 extension

JayBarbosa

Retracement to 23.6 trend continuation > completion of second motive wave (3) at 161.8

JayBarbosa

Minute bullish trend inside corrective wave for USD/JPY is almost coming to an end. USD is still very dovish. There is a possibility that price is extended to 2.618 which is sometimes common in wave 5 and shows heavy divergence. If you view last linked chart for USDJPY, I took a buy and hit TP on 50% of my orders and left the rest on break even which I closed...

JayBarbosa Updated 

we have a minute correction of the overall bearish bias for USDJPY. On larger timeframes we are inside an ABC correction and within that their are 5 waves. We can expect UJ to either tough around 107.400 before continuing down or maybe slightly higher. This will be a short opportunity, I won't be countertrend trading the correction. I post these charts knowing...

JayBarbosa

Too short notice to do extensive explanation. Never taking US30 with large lots unless you have very large account. Even then I only use 0.10 Lots because its is very aggressive and pays well.

JayBarbosa

ABC correction, whats tricky about an ABC correction is that it can be the beginning of a new major trend when you are looking at a DAILY timeframe. So here I believe we have opportunities to short DXY. Again fundamentally we have weak bonds, real estate values down 10%, consumer confidence may weaken due to US elections, tariff wars and rate cuts ahead my point...

JayBarbosa

Chart illustrates a bullish leg correction/retracement. Used bar patterns to show that price may retrace back to 23.6 or 38.2 of the impulse. Once price breaks out of the corrective wave I will place my buy and place my stop loss below the last low and ride trend up to 141.4/161.8

JayBarbosa Updated 

view chart

JayBarbosa

GBP/USD has potentially completed wave 3 of a bearish cycle on the MONTHLY timeframe. We could expect an ABC correction back to around 38.2 of the overall bearish leg to have a continuation. Fundamentally Boris can increase consumer confidence and USD plagued by tariff wars and rate cuts seems to be weakening. Look for opportunities to go long.

JayBarbosa

Read the chart ;)

JayBarbosa

US30 - Bearish Wave Flag - Wave 3

JayBarbosa

TP - 107.200

JayBarbosa Updated 

GBPCAD Short Term Long, Long Term Short... Once the Blue box is hit, trend will be long term short.

JayBarbosa

Is this a possibility? Although I am remaining neutral, I expect a rally in the coming weeks. This is a possible outlook on the Dollar index. I would like some engagement and some opinions from the community. Please share your thoughts and chart ideas.