JollyboneForex

JollyboneForex

Recently prices had met old daily support in the 164 zone Market sentiment supports going short Current trend is still short Big trend is still bullish I believe that a lot of traders are reacting a bit faster than usual, changing from short to a buy position as much as we are in an area of interest, there isn't enough information convincing me to buy at the...

JollyboneForex

After the recent spike, sideways movement to a sell off in an overbought market, seems to be testing an interest of area once again Market sentiment is no longer in anyone's favor, it could go either way now Big trend is still bullish, experiencing a pull back at the moment, testing levels Short term sell off is in favor based on price action, as we get into...

JollyboneForex

Starting the week with a spike into the market, most likely taking out short sellers Big trend is still bullish Market sentiment is still bullish Currently the market is consolidating at these areas, no confirmation on how to trade at the moment, it be better to sit back and let things play out going into tomorrow Oversold condition would favor a pull back at...

JollyboneForex

This is my current following on EUR/JPY Bullish movements as of lates, still waiting on the next area of interest to confirm, most likely going into next week Market sentiment is still bullish Big Trend line is still bullish Most likely we will see a pull back sometime into next week, by that time I'll be able to upgrade the chart and track movements until...

JollyboneForex

Only keeping track of movements, I don't like to predict, but I do like to take consideration of Fibonacci for possible areas of interest. I prefer to be bullish due to market sentiment as of late, and not enough information to convince me to take any short positions at the moment. The latest movements remind me of a wave 3, then expecting a sharp pull back,...

JollyboneForex

Rectangles represent strong areas of buying activity, even though I would love to short at this area, after observation of these areas and taking into consideration the mass majority on sell side, this creates a bullish sentiment My only game plan is to keep buying until market sentiment changes

JollyboneForex

Market been having higher highs, fueled by a large amount of sellers causing a bullish sentiment, by measuring the average range from zone to zone, we can be seeing 163 to 164 in the days to come At 163, expecting to see consolidation going sideways or a pullback then bullish continuation throughout the week

JollyboneForex

Friday market had shown signs of an undecided direction between buyers and sellers 4 Hour charts suggests a rejection at this point with a possible pull back for sellers as far as direction goes, there is no real confirmation of either direction at the moment, except to keep in mind the buyers side of things have been dominant until the buy side loses strength,...

JollyboneForex Updated 

following back on this uptrend from yesterday, short sellers had a very difficult time to contend against the buy side of things what we are seeing at the moment is a pullback at the moment, retrace to the 38.2, which has been known for more aggressive buy side and continuation no signs of a divergence to suggest any reversal at the moment, trendline is still...

JollyboneForex

Even though we are at a known resistance point, price action still tells going long is still the way to go, let me explain... After the long run up, we hit the first resistance and pull back to a 61.8 retrace, market recovers after soon after, even though we see another lower high with a rejection, the market does not pull down enough to make a lower low still...

JollyboneForex Updated 

2 hour divergence on stochastic signaling more down side uptrend retraced to the 61.8 and shows a double top reversal, signals more downside bigger charts suggest more bearish conditions at moment, still no sign of bullish upside yet, it will take more time observe entry points using smaller charts and stochastics for better entry point, hold time could be a...

JollyboneForex

In my previous post, the structures were forming a beginning of a possible triangle pattern, but instead had changed into a flat pattern, expecting to see more bullish movement after the C and retest the supply zone once again Daily graph is still bullish, current prices is just coming out of a flat correction, allow the market to play out before we figure out...

JollyboneForex

2HR chart is back at a demand zone and low stochastic 1HR, 30Min, and 15Min charts technicals are showing signs of a bullish movement in current zones As we get to the end of C, a triangle pattern is possibly forming. Look to holding until in the supply zone once again, until then be patient until patterns play out. Daily chart is still Bullish overall