jaytrader

jaytrader

4 hourly descending trend line touch and daily 618 retracement level reached and signs of candles reversing indicate a short on this pair with a nice risk management

jaytrader

Technicals indicate trend continuation on 4hr frame with closure of candles above and rejecting 618 fib we can see next short target up to previous highs which are in line with -27 fib extension.

jaytrader

Looking at the technical view of the gbpusd we can see it has shown support multiple times on the weekly TF also considering 618 retracement levels we can see it is in line with the key support area around 1.3100. I hope to see a continuation of this pattern and break up to previous highs to 1.3600 before it goes beyond this level.

jaytrader

This pair has ran into weekly resistance area and is showing a potential a,b,c,d pattern formation to further complete in the long term. However the confluence with the 618 fib and a clear rejection off the daily candle stick merely touches the 148.000 level making it also show a clear LH being made in comparison to the previous 2 highs its made in the weeks...

jaytrader

* A,B,C,D pattern * Correlation with 4hourly TF trend line *Fibonacci confluence level *good 2:1 risk reward snm

jaytrader

As you can see the highlighted area just above 1.0800 has a good hold but within the last 24 hours it has not hold and ended up coming down to 1.07104. I believe that this is a false break and it indeed has formed some reversal candle sticks. Also at this reversal point if you look left you can see there was previous resistance which I believe now is turning...

jaytrader

Hello everyone lets jump into some quick Dax analysis. As we know the market had a major bearish momentum in the recent weeks but now we are seeing some recovery from the bulls. Looking at the 4hr chart we see a clear parallel channel also in the 1hr timeframe. This is not enough to enter the market buying so we now look for other points such as the double bottoms...

jaytrader

looks like dax has gone down to a good area to buy based on previous structure support and if you can see there is a potential bat pattern setting up and as we know bat patterns has a 80% success rate. With the fib levels in place and understanding support and resistance areas better i am going long now for a good potential of 700 odd pips

jaytrader

here we see a very good trend and according to the way it is structured there is a expectancy of a HH. Also with finding the top 4hr range you can see that this range meets previous resistance which is another indicator of where it will go to test. finally candle formation indicates the bulls coming in and confluence with fib it looks like great potential move to...

jaytrader

this pair has reached monthly resistance having said that if you look at the new support this pair looks to be a great buy with a potential to reach my first short term targets without a problem on the 4hr chart retesting previous highs and making a HH.

jaytrader

based on technical analysis I see a potential for a buy position based on reversal at the key support level also with candle formation it confirms all my boxes and with Fibonacci levels I hope it to go up to 786 fib level then continuing to go higher. This is an ideal set up to lock in 223pips.

jaytrader

based on major support and resistance and candle formations we can see their is a potential long move to be made and confluence with Fibonacci

jaytrader

We can clearly see that the current trend has been broken therefore we are now considering this to be a significant move. We are looking at the daily close candle which is a bearish Harami this indicates that the trend is over while keeping this candle formation in mind we have confluence with Fibonacci therefore looking at pullbacks to 618 level (115.37) for a...