SJC-Trading

SJC-Trading

Friday saw EUR/USD rise over 2%. A much needed relief but we believe it will be short lived. The move upwards was mainly due to the DXY falling away following NFP & PMI figures being released over the back end last week.

SJC-Trading

Since the 26th of Sept price has been looking to set up for a well over due move to the upside. We had the break of the 1985 low before a nice move back to current levels. From there we had a larger flag and now a break above resistance before a smaller 1H flag. All great sign of upwards momentum building. This paired with DXY weakness over the last few days...

SJC-Trading

Yesterday we saw a nice push away from the current trading level. Before price reversded and took us out of our position for breakeven. Early this morning price completed a nice double top on the 1h timeframe We are hoping to see a decent rejection from this level

SJC-Trading

As previously noted price is in a great area for continued shorts. We entered on the lower time frames for this one. We will be looking for price to the to 1RR before moving Stop Loss to Break Even,

SJC-Trading

AUD looks to be setting up for another move to the downside. Friday saw the DXY fall away and the USD pairs rally for that reason. This has present a nice pullback accross some of the USD pairs. AU has a nice continuation forming with an impulsive push from a previous liquidity zone and a 15M consolidation flag. Sell Stop order set.

SJC-Trading

EUR/USD is currently at a big key area with price up again resistance the last few days. On the 4H we can see price is clearly being squeezed. Where do we go from here? No clear direction yet but a rejection from this area could prove to be a good play to the downside

SJC-Trading

Sell order entered on AUD/USD Price has reached a very nice area for shorts. A similair set up to the prior pattern Looking to target previous lows.

SJC-Trading

Looking for a trade similar to the correction that played out perfectly for us on the 6th of Oct. We would have prefered to see a slightly deper pull back on the final touch in the correction. However, the markets dont always set up perfectly and this is a valid entry either way.

SJC-Trading

Cable has had a small come back over the last few trading days. However, there may be potential for downside continuation after rejection of the covid lows. This morning we have a breakout of the 3 touch channel. Aiming for close to previous lows for TP

SJC-Trading

We are keep any eye on the the parity level and how price reacts once it reaches there. There may be a set up that presents itself closer to the time.

SJC-Trading

Update on this mornings post. Waited for the double top, now waiting for price to reject the 0.98 level for an entry. We will be quick to remove the order if this idea doesnt play out

SJC-Trading

Potential short setting up for EU Wait for price to reach the 0.9800 level From there we would like to see a nice rejection giving a 1H engulfing candle We will place sell stop orders if this entry lines up as we would like. Stay tuned for updates!

SJC-Trading

EUR/USD had another good week to the downside. Friday closed with a strong bearish candle. A nice 3 touch structure into the 0.98 level with a strong rejection gives a good indication to the downside. We are expecting previous September lows to be met in the first half of next week. Specific trade ideas to follow if we see a potential entry.

SJC-Trading

Continuation lower looks very likely on GBP/USD This is a nice set up we would ordinarily take however we are currently in an open EUR/USD short which would give too much risk correlation. Nice third touch wick rejection from a 1H resistance level.

SJC-Trading

Market order on EU. Liking the 08:00 wick rejection candle. We will be fast to move SL to BE on this one if we get to 1:1 RR. Updates to follow

SJC-Trading

EUR/USD looks to be edging towards the previous lows. I am looking to target this low. Entry 1: double top from the previous 1H wick rejection. Entry 2: prefered entry would be a longer correction wiht 3 touchs and a nice 1H rejection candle

SJC-Trading

Sell Stop order placed, we will be tagged in for a short on th break of the flag

SJC-Trading

Eyeing up continuation lower for GBO. But we would like to see a nice correction with a clear rejection in order to give more confluence to our bias. Updates to follow