jackjptr

jackjptr

GBPCHF hit my stop loss from the previous double top post I made. Now, it broke out of a head n shoulders pattern which means the price could potentially reverse to the upside. In this case, I'm reentering this trade with a 3:1 RR ratio considering I would ride the reversing trend with it. Hope this helps!

jackjptr

So XAUUSD managed to hit TP 1. Looking at the price now, I see an ascending broadening wedge pattern. As you can see the price has almost perfectly bounced off the pattern's trendline. It is also looking to touch the upper line for the third time. According to my experience and almost every other trader in the world, if the price touches the trendline for the...

jackjptr

Simple Impulse Correction strategy. In this chart I'm seeing an overall bearish trend and price managed to breakout from its correction wave. Plus, theres a double top inside the correction wave indicating a bearish move. Stop loss in this case will be slightly above the double top and the target price will be atleast the same as the last impulse wave or can be...

jackjptr

Price managed to break to the upside after forming bullish pennant. It hasnt went up to the tp i set however. In this situation i am reentering long considering that it has completed its double top price target and is currently at the previous resistance (highest level of the pennant) so it may be able to bounce and hit the tp this time. Hope this helps!

jackjptr

Gold is forming a bullish pennant and looking to bounce and hopefully breakout to the upside. Stop of the pennant will be at the lowest swing of the pattern. The way to trade this pattern is to wait for the breakout (Candle Close) and if it closes above the trendline, we can go long on gold. TP of this pattern can be measure by taking the first swing high and...

jackjptr

BTC Rising Wedge broke out looking to retest 40k. Fibonacci 1.618 is also in the 40k range from the previous swing.

jackjptr

BTC Looking to form the head of the dinosaur pretty soon. It successfully formed the tail and the body almost perfectly. NFA

jackjptr

If BTC stays in the $38K range it will continue its uptrend. But if it fails and retests the trendline instead, it will go further down to find Fibonacci 1.618 level

jackjptr

Should be able to run higher if it breaks the current resistance at $13.76 Descending triangle stop loss is at the current support.

jackjptr

The next resistance is at $1.61. Hopefully, this will lead to breaking out of the daily timeframe symmetrical triangle.

jackjptr

QNT managed to break out its falling wedge pattern. The retest will be at 51.590. Will most likely hit tp 1 from Fibonacci 1.272 and extension 100%. Stop-loss is at the lowest swing of the falling wedge. Entry at retest to reduce risk

jackjptr

wait for a retest.

jackjptr

Let's hope BTC doesn't break the triangle downwards

jackjptr

Let's see if today's candle will close under the neckline.

jackjptr

Watch out for head n shoulders neckline breakout below $48k.

jackjptr

BTC rising wedge broke to the downside on the 1h timeframe lets see if it will respect $46k

jackjptr

Wait for breakout or retest.

jackjptr

Waiting on court update may 6 today