MSI_JAL26

MSI_JAL26

As the UK comes out of lockdown and the economy re-opens I expect that the GBP strength will continue. Next level is a 4% drop in EURO value against the GBP, 400+ pips, trading from the weekly chart. My stop levels are large, but will still only be 1/2% risk for me. The total trade is a 2.74:1 risk reward (slightly under my minimum 3:1). I like the feel of this...

MSI_JAL26

Whilst the USD has gained some ground back from it's 12 month decline AUD is still bullish. After retracing it has finally broken the resistance level. If we can retest this level I will look for a trend continuation trade to the next highs. Simple trade idea backed up with AUD strength across the board. What do you think? Can AUD continue it's bullish push?

MSI_JAL26

Another trade against the Ausie. It's nothing personable. GBP has been strong recently, and AUD weak. Break-out of descending wedge. SL is under the candle that broke the wedge, and TP is at the top of the pattern where there is some resistance. GBP had a long bullish run to break the pattern. I'm very comfortable with the fact that there is a retracement....

MSI_JAL26

Dollar is strong, AUD has been weak across other pairs. Long bullish run with no correction, and a lot of sideways movement. I am still bullish overall but taken a small position Short to this low spike, which is in line with a support level way back. There has been a break out of the descending wedge. Overall I am happy that there are enough reasons to take...

MSI_JAL26

Just sharing a position I have just taken on GBPAUD long. Price has broken out of the descending triangle and has managed to hold momentum outside of this pattern. It has had a lot of volume behind it so there WILL be a retracement in price - Not to worry though. GBP is strong across a lot of currencies, and AUD weaker across the pairs I follow. Also there is no...

MSI_JAL26

Coke Cola is a great long term stock. It has been increasing in value for decades, but of recent has been over stretched. Fortunately for us the world shat itself and KO's value has dropped. So when should you buy it? There are 2 long term support/resistance areas $48.70 and $44.43 (ish). Let's see how price reacts to these levels and see if there is any buying...

MSI_JAL26

AAL broke out nicely from the previous resistance (now support) level on a long bullish run. Price has retraced and formed a descending triangle. Lots of confluence to support a long here. With a TP a the previous high, just pre-gap. My entry at this stage would give me a 72% gain at a Risk to Reward of 7 to 1. A trade with this R:R ratio means that you could...

MSI_JAL26

Price contracting nicely, respecting my levels so far. I bought in slightly early, but with a stop-loss tucked under the wedge nicely. I believe that with the national lockdowns more people will shop online, thus Amazon will pop to the upside. This ties in with Amazons continued growth, and respects the previous trend and chart pattern. All confluences to...

MSI_JAL26

Ethereum has an extended run up with no corrective wave. Ascending wedge forming with price contracting, logically there should be a break to the downside from here - I have marked the highest level of resistance. I will set a pending order here (risking 1-3%) and I will just hold this position for years. I think Crypto assets, like the S&P500, will just...

MSI_JAL26

Where in a wider scale upwards trend range. Currently in a downwards phase. Once we break our bearish flag and hit the lower trend line I expect a reversal. Bottom trendline has been untested so should be strong. Good bearish momentum on 4hr MACD indicates should be a nice reversal also. A small retest on the level set by our bearish flag should send my 10MA...

MSI_JAL26

A lot going on in the chart, but it's pretty simple. The GBP is rubbish, and the USD is strong. GBP broke out of the downward trend, lost it's buyers, now sinking. Trying to break above the level I've circled, lots of indecision, but no break. US Dollar chart shows strength, GBP is fundamentally weak. SL set at where the idea is wrong, the start of the push...

MSI_JAL26

More confirmation to me of a short potential on AUDUSD. Triple/double top (however you see it) gave me my first indicator, proven supply area in the purple box playing out, and formation of H & S pattern on the right has meant I've placed a SELL Limit. SL placed 2 pips above the last high spike, entry placed at the start of this hourly candle, and TP giving me a...

MSI_JAL26

Big downtrend instigated by Supply level, circled on the right. Down to a demand level, which started new uptrend with Higher Highs and Higher Lows consecutively. Buying power has now pushed back into the supply level, unable to form a Higher High. It has now formed a double top and begun its downward phase. Just touching the 20ma aswell, and the MACD is...

MSI_JAL26

As the Dollar index is getting stronger AUD/USD should hopefully break the channel that has now formed outside of the downtrend. If we can break below and close below the support line then there could be a large fall to the downside. Plus, the 20 Moving Average (yellow) has just crossed the 50 MA (grey), so if we can close below these there's another indication...

MSI_JAL26

Support hit 115.549 numerous times. Unable to break. Shooting star on 4 hour candle indicates a BUY signal. Previous highs are the target. 116.579 may be a time to cash in on 50% or so of profit, and move stop loss to 116.180.