Jinxfx

07:24

Jinxfx

Very similar to GBPUSD 1. Market making lower highs and lower lows. 2. Break of support 3. Waiting for a pullback to test and confirm new found resistance. 4. Entre a short position on the lower timeframes

07:23

Jinxfx

Short Idea... comment if you would like any other pair analysis done

Jinxfx

Series of lower highs and lower highs, a break and retest of support turned resistance as well as added confluence on a fibonacci retracement level acting as resistance.

Jinxfx

Don't usually trade on Mondays but the setup looks promising. #break&retest

Jinxfx

Quick short on USDZAR... pretty self explanatory Trading within a range and have recently tested the upper zone of that range and now could see price fall to the support level below.

Jinxfx

We can see a shift in the market direction by the series of lower highs we can see on the chart (this can be seen be the use of the yellow circles) the market is now forming lower highs so it is safe to say that we can expect the market to continue in this fashion by forming another lower high and then continuing with the short term trend by forming a lower low....

Jinxfx

This is looking more and more like a bull trap the more i look at it... We've seen a strong push to the upside around 20% or so from the lows and now everyone thinks its "bull season" I'm sure most of you is aware of the dead cat bounce theory, and for those of you who don't it is basically the thought that if you drop a cat off the roof it will bounce a bit...

Jinxfx

I have taken this short due to the downward momentum that we have seen over the past week or so, follow the trend peeps... We have price consolidating around a key fib level and a lot of wick rejections at this area. Also another reason i placed the trade is because of the heavy bearish momentum candles i have just witnessed indicating to me that the ever so...

Jinxfx

The reason behind my short term bullish bias is simply in the chart structure... You can see a shift in the trend as the market has started making higher lows and higher highs. At the time of writing we are busy forming a higher low. We also have a added bit of confluence with a 61.8% fib retracement level at this point.

Jinxfx

Self explanatory

Jinxfx

On the higher time frames you will notice that price has surged higher and recently has pulled back towards a key area of support which also confluences with the 61.8% fib level. Price has recently found support and consolidated a bit before breaking out of the consolidation. I have entered a long position on the basis that it has broken higher and pulled back...

Jinxfx

Btc has been rejecting this level for quite some time now and has recently formed what seems to be a triple top. I also feel it should go lower as there is a key fibonacci level below at around $8000 that needs to be fulfilled before going higher. Use proper risk management and trade in line with the structure.

Jinxfx

UsdCad moving quite nicely, making higher highs and higher lows, entered another long position as i see it going higher. To add an extra bit of confluence the dollar index is looking strong

Jinxfx

Price has formed a bottom and has broken out of a small downtrend and is now testing these levels as resistance turned support.

Jinxfx

Price has broken through a key resistance area and pulled back now testing this area as resistance turned support. I have seen a slight push higher and am waiting for a small pullback to previous structure in order to go long.

Jinxfx

Eurusd has just pulled back into a key area of support turned resistance both in the form of a horizontal level as well as the downward trendline acting as a dynamic resistance. We also have the following confluences: 1. Downtrend (lower highs and lower lows being formed. 2. fibonacci levels tie up nicely with key resistance zone. Look for bearish candle...

Jinxfx

Price has pushed up into a key area of resistance will look for bearish structure on the lower timeframes to entre short. Price could also be forming a double top. Look for a break lower and retest as a possible entry.

Jinxfx

Price is making higher highs and higher lows and is sitting on a key level of support after taking a shock crash due to the South African budget speech, however, i do believe it has settled now and can continue to the upside for the short term.