jamiekent123

jamiekent123

EURGBP can be construed to be in a continuation of its long term uptrend with a dispersal triangle pattern on the daily. If this is the case we are due a move back up to the uptrend and a breakout of this shorter term downtrend shown on the chart. As we are approaching the lower positive trend we are getting ever closer to a long opportunity where we will be...

jamiekent123

USDJPY could now be in a bullish phase on the daily since bullish candles have moved from consolidatory behavior to more impulsive, sharp movements. This pair has broken out of the trend line you see on the chart which gives and indication for us to get in long. However I feel the pair may be a tad exhausted from prior impulses so would prefer to reduce my risk...

jamiekent123 Updated 

NZDCAD looks to be completing a head and shoulders pattern on the larger time frames. as well as this potential one here on the 1hr. On the 1hr, a head and shoulders pattern looks to be forming - we can use this as confirmation of the above and as reason to target the lower levels. If price does not confirm our head and shoulders then a sell at the higher,...

jamiekent123 Updated 

AUDJPY has a lot of shorting potential at the moment, however any position we are going to take needs to be confirmed due to the subjectivity of the trades on offer - meaning I am expecting an overall selling direction but there are more than a couple of things price can do first which can be seen on the chart. Sell any breakout as and when it occurs - this is...

jamiekent123

USDCAD has finally approached the area at the top of the channel which will likely provide the best area to short the market. We will be looking to sell the breakout out of this smaller consolidation channel. I have waited for this consolidation to publish an idea, as it would suggest the upturn in price of the last few days seems to be losing all steam as it...

jamiekent123 Updated 

USDCAD is approaching a nice shorting area on the 4hr chart. We have indications of bearish divergence on the indicators below as well a point to take about the wave structure of this corrective move we have been experiencing over the last few months. The corrective move is likely to be in its last wave before it at least tags the bottom daily trend, however A...

jamiekent123

EURNZD is looking to be forming a stagnant price channel in which price is bouncing around. It is expected price will break down eventually from this channel so be conservative. We will be looking to get in long here as price potentially reverses upwards to the upper resistance. If price breaks down through the support at the base we can still get in long...

jamiekent123 Updated 

USDCAD is looking to approach another sell area in its daily corrective move we have all been following so intently. There have been many setups on offer during this period and this short setup is by no means any different. Nevertheless I will touch on why, further down in this piece, this correction may be coming to an end! If price doesn't move into no mans...

jamiekent123

USDCHF could be making a triple top on the chart which proposes opportunities for us - the traders. The top could be further confirmation of a descending triangle formation as price retraces upwards suggesting a possible brekout move to the downside. A break of the upper diagonal would change the market structure, calling for another review of the...

jamiekent123 Updated 

GBPJPY is progressing through a corrective channel (possibly a corrective triangle formation) as seen on the chart. We are looking to short the pair having witnessed price pullback to the top of the channel after a minor breakout move. This pullback has given us greater shorting opportunities now it has reached the top of the channel for which we will be looking...

jamiekent123

AUDUSD can be seen potentially to be creating a diagonal head & shoulders pattern on the daily. There has been a shift in momentum on this pair recently with bears looking like they have had enough for now. Buyers are in the market and have been showing signs of divergence, with a possible continuation of a retrace upwards through the weekly trend. TP3 is at...

jamiekent123 Updated 

This is a long term view as to the direction of EURAUD on the 4hr. I believe eventually we will see the structure breakout of its descending triangle formation (seen on the daily time frame) to the downside. We are currently oversold sitting on the lower trend - an immediate breakout here will invalidate our best shorting hopes. However if a pullback follows the...

jamiekent123 Updated 

Take a look at the chart. USDJPY can be construed to be at the end of a horizontal triangle formation - prompting a negative breakout. Normally with these patterns with a prior uptrend or impulse we have a bullish bias after the triangle breaks, but due to indications of bearish divergence and the strength of the bullish impulse leg (or legs), I believe the...

jamiekent123

Expecting XAUUSD 0.17% to make one of 2 paths (obviously?). We can take advantage of both setups providing your strategy gives you the right confirmation, your timing is right and your stops are well placed. We are currently sitting at the bottom trend after an impulsive breakout move downwards to the 2.618 extension - of which price has consolidated for now. We...

jamiekent123

CADCHF looks to potentially be in a corrective triangle formation of which it could be progressing through one of it's last waves. we are close to the longer term resistance trend for us to take advantage of and use as a buffer; which we will place our stops the other side of. If price respects the trend in yellow expect a push down to follow shortly after...

jamiekent123 Updated 

AUDUSD is by far my most favourite pair of the last 2 or so weeks. It has provided me with a couple of great short sells which have granted me a fair amount of pips, however I am now going to explain why we could potential be approaching a much larger move to the downside. This Idea is similar to an idea I have posted about another USD pair in the last few days...

jamiekent123 Updated 

Another USD position. This one has eluded me for a couple of weeks but became clear to me a couple of days ago that a head and shoulders was forming after the 5th touch of the pendant (horizontal triangle) seen here with these trend lines in green and cyan blue. This corrective structure hit the 5th or the E wave on what we call the 'head' of this H&S pattern so...

jamiekent123 Updated 

NZDCAD appears to be heading to a position where both long and short opportunities are present - of which the first on my list is a short. We will be expecting price to respect the trend line and continue on this new found downtrend which can be seen on the chart which is following a breakout move from the prior uptrend. Price has continued to move down through...