Jose_M4

Jose_M4

Expecting a rejection of fib 38.2. Looking to sell between p/l 1.41624 and 1.41540

Jose_M4

BEARISH MOVE ON THE POUND

Jose_M4 Updated 

Buy GBPUSD

Jose_M4

Currently in level 3 drop,looking for a break out to the downside with first TP being TP1 @0.89500 TP2 @0.89204 TP3 @0.88712

Jose_M4

Broke level 74.148 and is currently retesting that level forming the HL.The pair is looking to push higher to form a HH from current low (50% fibonacci level)

Jose_M4

Possible reversal at the daily resistance zone aligning with the downwards trend line as well as the 50% fibonacci retracement zone.Further confirmation will be bearish reversal candlestick patterns/bearish candles

Jose_M4

Currently at a resistance level and looking for a massive drop and retest to start a downtrend breaking out of todays consolidation TP1:@1761.353 TP2.:@1748.434 SL@1776.50

Jose_M4

Looking for another drop from this pair, double top formation on the daily and weekly resistance reached as well as the touch of the trend line

Jose_M4

Double top formation Usuallly occurs after an extended uptrend.Formed by 2 peaks that can’t break a certain level. This level becomes a resistance zone.Further drop to occur once the neckline is broken.

Jose_M4

NZDCAD has reached a strong resistance level on the daily time frame and has managed to break out the daily trend line.The pair has currently retested of the daily trend line and continuing with the downtrend

Jose_M4

Symmetrical triangles are chart formations where the slope of the price’s highs and the slope of the price’s lows converge together to a point where it looks like a triangle. What is happening during this formation is that the market is making lower highs and higher lows. This means that neither the buyers nor the sellers are pushing the price far enough to make a...

Jose_M4

When analysing my chart I always start by identifying my trend. After identifying the trend I move on to drawing my support and resistance lines starting from the weekly time frame,daily,4 hour then lastly the 1 hour time frame: -Technical analysts use support and resistance levels to identify price points on a chart where the probabilities favor a pause or...

Jose_M4

AUDJPY failed to break out of the ascending triangle and has now formed a triple top chart pattern. The triple top pattern is similar in appearance to the head and shoulders pattern,the triple top pattern is represented by three high highs and lows,expected that with the triple top all three highs will be of an approximate level.

Jose_M4

The ascending triangle is a variation of the Symmetrical Triangle.The difference is that the Ascending Triangle has a resistance line instead of a downward slanting trendline like in the Symmetrical Triangle.The ascending triangle is a continuation pattern,it is generally considered bullish and is most reliable when found in an uptrend.

Jose_M4

AUDJPY had formed a double top chart pattern and broke the neckline and changed structure to the downside. The pair has recently formed a double bottom chart pattern and has broke the neckline and retested of the neckline to form a new trend to the up-side.The retest touched the 38.2 fib retracement zone and is looking to spike up to continue the up trend.

Jose_M4

EURGBP has touched the support zone and is looking to push back up to the resistance zone

Jose_M4

USDJPY has reached its daily support level at 107.140 looking for sell entries at p/l 109.009 or a break of structure to the up side or a reversal to the down side.

Jose_M4

AUDUSD has touched the weekly trend line thrice and has also touched the weekly resistance level,we will be selling this pair until it retraces to the 61.8 Fibonacci Retracement zone based on the 4 hour timeframe.