tommyjones91

tommyjones91

USDJPY at previous area of support / resistance on the D1 Chart. Will look for possible trade entry on 4hr. (Currently oversold on 14 RSI)

tommyjones91

Looking for price action for a move and trade entry.

tommyjones91

GOLD has bounced off the 23.6 FIB level, and is currently at previous resistance Looks to be forming a bearish shooting star doji. RSI also oversold. Will be looking for more confirmation of bearish move for trade entry.

tommyjones91

GBPUSD has broken old resistance at 1.2405 now at the 38.2 FIB Level. Will be looking for a trade either side once we have more price action and confirmation of direction,

tommyjones91 Updated 

EURUSD is in a descending channel where it is currently at the top of that channel. Waiting for the candle to fully form, expecting a bearish candle to be printed, but watching to see a move lower back towards the channel centre and further or a sure break out of the channel to the bullish side. I have notification reminders set at 0.8740 and 0.8690 for further...

tommyjones91

PRICE HAS BEEN IN AN UPWARDS NARROWING CHANNEL FOR A FEW WEEKS, IS NOW AT THE UPPER END TRAPPED BETWEEN THE TOP TREND LINE AND PREVIOUS RESISTANCE TURNED SUPPORT. KEEP AN EYE OUT FOR SOME MOVEMENT OUT OF THE AREA EITHER WAY, HOPEFULLY IT WON'T BE BOGGED DOWN FOR TOO LONG!

tommyjones91

PRICE HAS BEEN CLIMBING FOR A WEEK ALONG A RELATIVELY STEEP UPWARD TEND LINE, IT HAS NOW REACHED RESISTANCE IN THE FORM OF THE 38.2 FIB LEVEL FROM THE HIGH OF THE 15TH OF JAN 17 AND THE LOW OF THE 22ND FEB 17. RSI IS ALSO AROUND THE OVERSOLD POINT. WILL BE WAITING FOR A CONVINCING MOVE EITHER ABOVE THE FIB LEVEL OR BELOW THE TREND LINE FOR A TRADE ENTRY.

tommyjones91

I BELIEVE THE MOMENTUM IS STILL VERY MUCH IN FAVOUR OF BTC. PRICE HAD BROKEN LEVEL OF SUPPORT FOUND IN THE UPWARD TRENDLINE AND IS RETESTING AS SUPPORT. I WILL USE THIS AS AN OPPORTUNITY TO BUY INTO A POSITION READY FOR NEXT WEEK. STOP LOSS JUST BELOW THE HORIZONTAL SUPPORT AND 50MA.

tommyjones91

PRICE IS TRAPPED BETWEEN DESCENDING TREND LINE AND THE 200MA BELOW AND AN OLD AREA OF RESISTANCE ABOVE. A CLEAR BREAK ABOVE 0.8583 AREA WILL PROVIDE A SUITABLE BUYING OPPORTUNITY.

tommyjones91

BULLISH ENGULFING CANDLE FORMING ON THE 4H CHART, PASSING THROUGH A POTENTIAL TREND LINE, ITS ALSO HEADING FOR THE 61.8 FIB LINE FROM FEBS HIGH, THE 50 PERIOD MA AND THE ROUND NUMBER OF 113.00.

tommyjones91

THE NEXT FEW DAYS COULD PRESENT SOMETHING INTERESTING FOR FIBRE. WILL BE KEEPING AN EYE ON THE ACTION.

tommyjones91

A PIN BAR HAS FORMED ON THE H4 CHART. STRONG DOWN TREND ON THE DAILY CHART. FALLING TREND LINE TAKE PROFIT IS SET TO HALF MY POSITION AS I THINK THERE COULD BE ROOM FOR POSSIBLE FURTHER DOWNWARD MOVEMENT. STOP WOULD BE MOVED TO BREAK EVEN.

tommyjones91

PRICE HAS BEEN ATTEMPTING TO CLOSE BELOW THE 76.4 FIB LEVEL ON THE JANUARY SNB MOVE, IT HAS FAILED TO DO SO. THE PREVIOUS 4 CANDLES SHOW SOME INDECISION. WILL BE WAITING ON A CLOSE BELOW THIS KEY LEVEL. OR DECISIVE PRICE ACTION IN THE OPPOSITE WAY.

tommyjones91

PRICE IS ONCE AGAIN PUTTING PRESSURE ON SUPPORT JUST ABOVE THE 61.8 FIB LEVEL ON THE DROP CAUSED BY THE SNB IN JAN. WHATCH THIS AREA FOR A BREAK OR BOUNCE.

tommyjones91

PRICE AT DAILY SUPPORT MAKING A DESCENDING WEDGE FORMATION AREA TO WATCH.

tommyjones91

AUSSIE DOLLAR IS AT THE 61.8 FIB RETRACEMENT LEVEL OF THE SWING FROM JAN 15TH TO 2ND APRIL. WILL BE WATCHING TO SEE WHERE IT CLOSES. AND WHAT COMES NEXT...

tommyjones91

AS PRETTY MUCH EVERY SWISS PAIR LOOKS LIKE AFTER THE SNB BOMBSHELL IN JAN A STALLED RECOVERY. PRICE ACTION HAS REACHED RESISTANCE ONCE AGAIN. WILL IT HOLD? WATCH THIS AREA.

tommyjones91

UPDATE FROM PREVIOUS POST, PRICE IS AT KEY SUPPORT AROUND 211 AFTER BEING ONCE AGAIN REJECTED BY THE DESCENDING TREND LINE LAST WEEK, WITH A SERIES OF LOWER LOWS AND LOWER HIGHS. A BREAK OF THIS LOWER SUPPORT COULD LEAD THE WAY TO 196 THEN THE LOW AROUND 168. MY BIAS IS FOR A SHORT TRADE AFTER A DECISIVE BREAK OF THE SUPPORT.