jakubprymicz

jakubprymicz Updated 

The previous NZDCAD short trade I took, closed me out for roughly 0.33 % The way I'm currently reading that chart is: 4 hr pulled to create lower low and then pulled up to create lower high at .618 fib & 0.890 intraday S/R This would be the next lower high formed after the head and shoulders pattern pointed out on the chart. Price on both 1 hr and 4 hr is...

jakubprymicz

For those who have been following me for years, you know how much I like to trade oil and potential pips that it's able to provide when you catch a move. At this point in time, USOIL still requires a little bit more patience. The daily chart is in a zone between 40.25 - 41.00 On the intraday's price is still creating higher lows, but struggles to close above...

jakubprymicz Updated 

USDCAD has been something I've had an eye out for since June 10, 2020 when I called long trades from 1.3400 to the daily 50 ema. Following the strong bullish move on June 11, 2020, price pretty much went sideways after that. If we look at the HTF we can see the monthly candle for June closed as a nice rejection of major S/R of 1.3400 On the weekly multiple low...

jakubprymicz Updated 

AUDUSD maintains to find resistance at 0.7000 On the daily chart (screenshot posted bellow) we can see price created double tops at the level of Since July 6, 2020 price was sitting just below 0.70 but never actually rejecting it until 2 days ago, followed by a bearish engulfing candle yesterday. Additionally we're rejecting .785 fib level, trading back bellow...

jakubprymicz Updated 

Patiently been waiting to play AUDJPY short. At this moment the price action still does not fit any strategies that I trade. But here is how I'm reading the chart and what I'm expecting. 76.00 is a very major support/resistance level. (HTF screenshot attached bellow) Daily price action seems to be forming a lower high, rejecting .618 fib and yesterday closed a...

jakubprymicz Updated 

AUDCAD is long overdue for a pullback. The last month price has been moving either sideways or slowly creeping up. Recently price broke resistance of 0.9420 and is trading above that level. Price could very well have printed the "head" of what may turn into a head and shoulders formations. At this moment price is finding support every time it pulls back to the...

jakubprymicz Updated 

DXY is currently hanging out around last months lows (June 10, 2020) Will be a keeping eye to see how the weekly candle closes. The daily chart shows a zone which price is currently in, from June's daily candle low open/close to 96.50 (weekly level) As long as we're trading above 95.72 (last low) I have a bullish bias on DXY to come up to weekly S/R around...

jakubprymicz Updated 

Monthly: Support/ Resistance level of 1.7900 + trendline rejection Weekly: Deceleration and rejection of 1.7900 + trendline rejection, last week closed a nice strong bullish englufing Daily: Lots of deceleration around 1.79, price always failed to closed bellow the level. Now price broke trendline and pullback to potentially reject it. 4hr : Price formed...

jakubprymicz Updated 

Short play from resistance 0.8920 4hr :Head and Shoulder formed, followed by a break and retest of 4 hr 50 ema 1hr: Making lower lows and lower highs Negative: Price is still in a small zone as highlighted on the chart, once we break out of that we could see a strong move to the downside (potential break and retest whats now support as later...

jakubprymicz Updated 

Current Price action doesn't fit any of the strategies that I trade, but here's what I think. For price action to pull into the highlighted region of the 4 hr highs and fall from there. This bias would go hand in hand with the AUD weakness show across other currency pairs, and the USD strength. HTF: PA has pulled back to where we were in Dec. 2019. Back to...

jakubprymicz Updated 

EURAUD at this point isn't presenting any clean set ups that fit my strategies, but here is how I'm reading the PA Monthly: Rejecting support at 1.6100 Weekly: Not clean PA, price as been simply falling for about 2.5 months. Daily: Very messy price action. Overall, price is sitting at a support level of 1.6250 Intradays: Price is in a bit f a triangle for half...

jakubprymicz Updated 

This pair has very nice higher time frames. Looking to take this short, technical line up, additional confluence is my DXY bias, posted earlier today. There is no setup here yet that fits my strategy, still waiting for development at this point. Monthly and weekly chart show price rejected strong downward sloping trendline and also retesting previous support as...

jakubprymicz Updated 

AUDJPY has pulled back to where we started off the year, rejecting 76.00 as resistance once again. The weekly PA shows us at the break above the 50 ema, and we've currently pulled back to it, and finding support at the ema. On the daily PA is finding resistance at 74.40 which is a strong Support/ Resistance area, and yesterday we formed a nice daily hammer...

jakubprymicz Updated 

US OIL lining up for a nice swing short opportunity. Weekly: Still has potential room to move to the upside to test the weekly 50 ema. Daily we can see a potential H&S forming at 40.00 Would be looking to target daily lows / daily 50 ema Intraday we can see the H & S formig around 40.00 - 40.25. Atm we seem to be forming double tops at the recent highs. Price...

jakubprymicz Updated 

This is a pair I have been waiting on for a very long time, has the time finally come for it to pullback? Looking across many currency pairs, it looks like the GBP may be strengthening over the next little bit, while the AUD is sitting at areas it could drop from. Monthly on GBPAUD closed as a strong bearish candle Weekly is sitting at the next support level...

jakubprymicz Updated 

Not a trade that fits my strategy, just my opinion on how I see EURUSD potentially playing out in the near future. Weekly : We are rejecting a zone I drew in 5 weeks ago, and we seem to be breaking out of it to the downside. Daily: isn't very clear, but the way I'm reading it is we're finding resistance at the botton of the zone at 1.300 4 Hr chart giving a 3rd...

jakubprymicz Updated 

AUDCAD has been moving in a range for almost a month now. With 0.9420 holding as strong resistance! Price has failed to close above this level every time is attempts to. June has closed as a monthly candle rejecting the 50 ema and 0.942. Weekly candles don't look very clear and the Daily is clearly ranging. We need to understand traders have been trying to...

jakubprymicz Updated 

With NFP news coming out in about 2 hrs, it'll be interesting where/if the news takes the DXY. My personal bias is to the long side. From technicals on the chart we can see: Weekly: We're sitting at major support of 96.50 with multiple rejections of this area. Daily: Price is clearly forming higher lows and if we get a bullish push today, we'll have a confirmed...