Jaz4Rings

Jaz4Rings

The daily is exhausting early in the day, as well as price has hit a previous daily resistance area, looking like it is now forming support.

Jaz4Rings

Pre market open Sunday, I was expecting a slight pullback, then continuation to the down side. Price is starting to show exhaustion/wicks on the higher time frames at previous support, possible resistance.

Jaz4Rings

GBPJPY is currently showing a textbook long set up. Last week, the daily candle closed with a huge wick, indicating bearish exhaustion, bulls attempting to step in.

Jaz4Rings

GBPCHF has given several 100% retracements, including where price currently is. The lowest point in each of the 100% retracement moves has failed to be broken each time. On the lower time frames, price is being held, making small higher lows indicating possible longs.

Jaz4Rings

EG has failed many attempts to break 4 hour resistance, with a lot of downside potential.

Jaz4Rings

Price is currently struggling to break the high, also showing signs of exhaustion on the 4h timeframe. If this level holds, shorts will be up next.

Jaz4Rings

Price looks to be failing on the lower times frames, creating LHs. Zoom out to the higher time frames, such as the daily.. the closest potential support area/previous resistance area is near 118.000.

Jaz4Rings

GU Looks to continue to the down side, after a possible trend transition on the LTF. However, I will definitely keep the low in mind as price approaches that area.

Jaz4Rings

AUDUSD broke a level of structure/previous low back in early August. Price pushed back into that price creating a lower high. Price struggled once reaching new support/low again, however on the lower time frame you can see price slowly transitioning to the down side.

Jaz4Rings

Currently seeing a potential inverted H&S on the D time frame. Price was creating lower lows, and lower highs, however failed to break the last low, stalling at previous minor resistance/now support. At this point, there's possibly the right side forming. We will see a confirmation when the bearish TL on the daily is broken followed by a retest.

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Taking a look at the WEEKLY timeframe,, price closed engulfing the previous weeks candle to the downside. It is a strong possibility that price will be bearish this week. However if it isn't I will still be prepared for the bullish move as you can see identified on the 1H timeframe. Price is current sitting at a strong price point with signs of exhaustion. So it...

Jaz4Rings

Initially I was BEARISH on AUDCAD, however, after taking a look back over the charts, price has struggled to go lower over and over again. Last week price failed to break the low. Price has not yet broke the recent LH either, but it is showing strong signs of 100% retracement or higher. Price has displayed lots of exhaustion to the down side, and failed to reach...

Jaz4Rings

Last week price rejected from a strong confirmed resistance level, tapping it three times on the 4H time frame, then dropping. Price has retraced up to a recent minor support level, now resistance, as well as nears a previously broken bullish trend line. Looking to sell short term.

Jaz4Rings

ETH is currently rallying up towards the 230's. Bulls are showing control. Broke through a strong previous daily support area since Sunday. If price breaks the 230-233 area, I will be looking for to price going towards the 280's.

Jaz4Rings Updated 

As the the week came to an end, the bears took full control breaking through a huge support level. Going into the new trading week, I will be looking for a nice pull back into previous structure, as price creates a LH, then look to sell to the next zone.

Jaz4Rings

On the Daily time frame, price is still in a downtrend. Price has not yet transitioned. Price has to break the most recent LH on the daily time frame for BULLS to confirm control. Price looks to currently be completing a pullback, then continue bearish.

Jaz4Rings

GBPAUD had a strong bullish close last week. Looking forward to more bullish movement this week, as price continues to transition. Beginning on the LTF price began to create HLs. Also, the weekly time frame is showing signs of a complete pullback, with a strong weekly candle close to end last week. Of course there will be some pullback opportunities on the LTF...

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Price breaks bullish trend line , confirming that bears are still in control. Price didn't hold for bullishness. Now, we sit back and wait on a pull back into the counter trend line/previous broken support. Daily is creating LHs, and LL.