LouFX

LouFX

$RYCEY positions for a move to the upside of trendline.

LouFX

Long based on key weekly support and resistance. Hoping for the retest to bounce, aiming for April 27th, 2015's high.

LouFX Updated 

Month resistance level, waiting for PA break down to gap fill below.

LouFX

EURJPY

LouFX

GBPUSD. Looking at the daily chart, there is an evident bullish run. With this being said, a 50% retracement from the last HL and the last HH is lining up with our current level of price in the market. The first HH at the beginning of this run (vertical line) is currently acting as a key level, with price wicking into the exact same zone. I will be looking for an...

LouFX Updated 

Looking at USDJPY, on the chart above: Monthly support level Daily bullish trendline consisting of higher lows and higher highs. Although I see a lot of upside for this currency pair, I'll be looking to take a 3:1 position in the upcoming week.

LouFX

With GBPJPY approaching a key daily support and resistance level, I'm looking to enter with a short position with rejection from this key level. I'm hoping to see the previous level high taken out before I pull the trigger. Aiming for a level around the gap fill, prior to this run up. Black - Daily Blue - Weekly Red - Monthly

LouFX

USDCAD - short on the basis of a monthly resistance level. If we see another retest and rejection from this level, I will look to enter short - with a 3:1 position, depending on PA. Black - Daily Blue - Weekly Red - Monthly

LouFX

EURUSD - looking for EURUSD to bounce from a daily support level that it is approaching as a retest for a bouncer higher. Target sitting just above the previous high. 6:R. Black - Daily Blue - Weekly Red - Monthly

LouFX

EURGBP seems to be performing a Head&Shoulders pattern. Our right shoulder appears to be breaking down off of our weekly key resistance level, which has been running since -2009. I will be looking for a break down in price action 0.87000 with the view of holding until 0.80000 where we meet another recent resistance level.

LouFX

USDJPY - SHORT USDJPY has recently taken the clean stops that we had sitting at 114.80. Breaking and retesting into a daily support level at ~115.30. This being said, we've also had a nice rejection off of the 4 hour 20EMA. Ideally, I'd like to see USDJPY head for our double bottom, break and retest the support level at ~113.75 and head for ~111.75. I'd like to...

LouFX

USDJPY - SHORT USDJPY has recently taken the clean stops that we had sitting at 114.80. Breaking and retesting into a daily support level at ~115.30. This being said, we've also had a nice rejection off of the 4 hour 20EMA. Ideally, I'd like to see USDJPY head for our double bottom, break and retest the support level at ~113.75 and head for ~111.75. I'd like to...

LouFX

Key: Black horizontal line - Weekly support/resistance Blue horizontal line - Daily support/resistance Green horizontal line - Hourly support/resistance As you can see, on the AUDUSD 4 hour chart, a potential head and shoulders is forming. With the left shoulder and the head complete, we've had our retest for our right shoulder. The reck trendline marks out our...

LouFX Updated 

A potential head and shoulders could be forming on EURGBP. With the right shoulder 50% complete, it would be nice to see a clear downfall towards our neck line (our support and resistance trendline) over the next few weeks. If it clearly breaks our neckline, I'm looking for the obvious retest and breakdown - further downfall towards our market gap which has been...

LouFX

Personally, I'm looking to see BLT take a steep falling through the 909/905 level. I'd like to see, when we get there, either a bounce from the current support level - ( marked out by a previous swing high (resistance zone) which we have no broken once again) or a fall into our bullish trendline. I'm looking for the stops around 1105 region to be swept.

LouFX

FTSE100 gaining momentum to take out April 2015' s highs. Currently retesting off a previous daily low + orderblock. Heading for one of two key support areas, S1/S2. Expecting a bounce to take us up to 7150+.