pjgonzales

pjgonzales Updated 

US Dollar hit this week from the Brexit headlines but now has a great entry to continue the re-test of previous highs. Have a tight stop loss so we can find another entry later when Brexit dies down (hopefully..) Bullish Confluences: - Possible bounce from 38.2% fib retracement - Price is on the neck-line of the inverse head and shoulder - Possible failed...

pjgonzales Updated 

I have been looking for the bottom on this pair since the oil rally for the potential rise back up to re-test the highs. Although I've successfully swing traded this pair, I have been unsuccessful on finding the proper bullish view for the re-test to the highs. Bullish Confluences: - Double bottom - Potential inverse head and shoulder on D1/H4 - Trend-reversal on...

pjgonzales Updated 

I am predicting a very strong US dollar in the coming weeks and a possible USOIL retest to previous lows. There is also an inverted head and shoulder forming on H4-D1 timeframe that I will be updating in this post if it ever connects. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my...

pjgonzales Updated 

From my last week idea, there was a bullish breakout and I will be playing with the trend and continuing it for this week as well. Watch for the price action in the areas I have placed callouts, there are possible reversals here. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes...

pjgonzales Updated 

USD bulls are preparing to break out of 110 by forming a bullish pennant. Waiting for price action to break out of the pennant and bounce off resistances as shown on the chart. Target is near R5 and around 110.9. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more...

pjgonzales Updated 

Looking for a bounce at this very heavy support, also a bullish divergence on 4H. 1st target will be a little bit after CAM R4. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA. DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for your...

pjgonzales Updated 

USD/JPY was range-bound from 109.4 - 110 all of last week and as of Friday candles finally closed below a prominent trend-line that kept the price range-bound. NFP week could definitely make the 107.7 retest possible. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more...

pjgonzales Updated 

Rising Wedge on H1 was created last week and finally broke out today and bounced to a major resistance zone . Watch price action for possible bullish breakout or drop to S3 pivot . My view is short term sell scalp until S3 pivot and will closely watch the price action along that pivot . If this chart helped at all, leave a like or follow. I would love any...

pjgonzales Updated 

Potential LONG opportunity finally happening after a crazy rollercoaster ride from a "hawkish" fed speech. I have been looking for the trendline bounce (shown on bottom chart) since my last idea and it has perfectly bounce off it this afternoon. I am now looking to go long term in this pair as the 4H is showing an inverse head and shoulder and the daily/weekly...

pjgonzales Updated 

Looking for a pull back tomorrow for NFP and then maybe a long entry as shown on the chart. Bearish confirmations: - Bounced off weekly S4 pivot - Bounced off head and shoulder neckline - Looking for a right shoulder to create for the daily inverse and shoulder that is forming on the daily timeframe If this chart helped at all, leave a like or follow. I...

pjgonzales Updated 

I am expecting a big pullback on DXY 0.68% before the december rate hike which means a re-test again of 1.150 for EURUSD -0.01% . I will be waiting for a pullback to CAM S3 before putting a long entry. Targets are CAM R3 or 1.150. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my...

pjgonzales Updated 

Further drop is possible because of the potential rising wedge forming. Wait for wedge to form or a bounce off CAM S3 before shorting. If this chart helped at all, leave a like or follow. I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA. DISCLAIMER: Not a financial advisor, I don't suggest using my ideas for...

pjgonzales Updated 

I have been watching USD/CHF for awhile now to break out of the WEEKLY/DAILY timeframe inverse head and shoulder and it is now finally backtesting the neckline. Most USD pairs are now pulling back before a big bull move on/before the US CPI on Wednesday, so I am still predicting a pullback around CAM S3 or value area before it tests CAM R3 again. I will give...

pjgonzales

My updated view on XAUUSD until US GDP this friday. My personal entry point is on the stop hunt that I've indicated on the chart, I will be looking at indicators and volume to confirm my long during the time frame of the grey stop hunt box I've placed. If this chart helped at all, leave a like. I would love any feedback/advice about my chart to correct any of...

pjgonzales Updated 

I am still very bullish on gold since USD was really strong last week and gold was barely affected. DXY also seems to be doing a double top soon on the H1-H4 time frame which could fuel a stronger bullish momentum for gold this week. My personal entry point is on the stop hunt that I've shown on the chart. If this chart helped at all, leave a like. I would love...

pjgonzales Updated 

I am hoping most USD pairings go up during the FOMC minutes meeting tomorrow and USDCAD has a nice inverse head and shoulder set up. I will be looking to put a long if it breaks through the neck line and will be waiting for a pull back. If this chart helped at all, leave a like. I would love any feedback/advice about my chart to correct any of my mistakes and...

pjgonzales Updated 

I am further bearish on AUDUSD due to the upcoming FOMC minutes tomorrow and the China GDP on Friday. Most USD pairings are setting up for a bullish USD since indices and stocks are rising again. If this chart help at all, a like would help a lot! I would love any feedback/advice about my chart to correct any of my mistakes and learn more about TA. DISCLAIMER:...

pjgonzales Updated 

I personally think that the price will be range-bound for GBP/JPY along this bullish pennant until Brexit negotiations are over in this month of October and I expect BOJ to still have dovish stance for interest rates. I am looking for another drop onto the lower trendline for a long entry into the potential breakout. I would love any feedback/advice about my...