JordanWillson

JordanWillson

A clear break of the counter trendline with a consistent powerful show coming from the bears in this market. Do we go back down to the 6k mark? Or will we have trouble breaking 8600 - 8500 ?

JordanWillson

Perfect pinbar candlestick formed on Tuesday showing some bearish control coming back into play. 10281 price is showing some resistance and a key level so lets see if the retracement now completes and breaks back through 38.20%.

JordanWillson Updated 

Could Bitcoin have the potential to reach the key area of $5,800 mark?

JordanWillson

Last week we saw a double bottom created on USDCAD 4 hour, with a decent outcome of the NFP last Friday it sent the Dollar flying against CAD. Clearly showing the double bottom pattern would have been perfect to buy once completed.

JordanWillson

We have a triple top created on the EUR with great convergence with the RSI respecting a simple resistance at around 60% . If the triple top plays out and still fits my idea after market opening this evening, there is no reason this pair cannot fall to the 1.21500 supply area and further to 1.20711 support. Although we do have to take into consideration...

JordanWillson

Could we see this pair pulling back down to a monthly support / physiological level of 1.3600 ? Maybe the Pounds post Brexit highs are now running out of steam after this huge push, however with everything going on in the US with Trumps recent decisions could the Pound push higher to the 1.4000 region. Lets see where we open this evening as the daily...

JordanWillson

Here is a clear example of a double top forming on USDCHF 4H. It also perfectly respected the monthly support / resistance at 0.96560 - 61.80% fib level AND a key area of demand to the downside. Perfect set up to go short at that time, if you had you would have made an average 40 odd pips!

JordanWillson

The price is sitting within a very important area containing the monthly support / resistance and also a powerful demand / supply zone. At the moment it is pushing to break the monthly pivot along with the 78.60% fib level, I will not be entering until there is a clear break of this blue zone and a show of power to the upside. Possibly then heading back to the ...

JordanWillson

At the moment we have this pair ranging after it's trend line breakout on Friday creating uncertainty whether it will return to the downside or not. Patience patience patience, let it breakout to either side of the box THEN enter!

JordanWillson

Currently price is being pushed into a wedge pattern on a 4 hourly , we have slightly movement in the RSI but oversold on the Stock. Could be a potential turning point for this pair as it is sitting in a key demand area to the upside. This may be the breakout of the wedge and a climb back to 113.000 region next week.

JordanWillson

Looking at the level GBPUSD is currently at and with the daily time frame showing a tight closure on Friday bang on the trend line, we could see this pair begin to fall next week. Tuesday is a very busy day for the Pound with CPI due for release, let's see if it respects the trend or not.

JordanWillson

Potential double top or a reversal back to the trendline, if it breaks 38.2 fib level could show stronger signs of this reversal to the upside happening. Indicators are good for a nice upside climb.

JordanWillson

Currently have what looks like a retracement on the downtrend with EURJPY , up to the 50% zone. It is also sitting around a support / resistance at this level too, there is the potential for a head and shoulders pattern to complete, with indicators showing the bull power slowly running out. This could start the final leg of the right shoulder. I will be...

JordanWillson

Remember guys, keep it simple! As you can see from the AUDUSD chart it is hugging the daily trendline tight. If it breaks and it is not a fakeout, buy that Aussie to the top! If it respects the trendline, wait, be patient and when the time comes it's time to short. This doesn't work every time, but it can be a clear signal that the direction of any pair may be...

JordanWillson

Gold is currently rocketing to the upside due to the US Dollar still remaining weak, I am in a buy on this already and in strong profits. Take profit 1303.80

JordanWillson

I have entered USDJPY and shorting it down to 110.500 level, Dollar is still weak from last week and I believe it can still be shorted before we see any movement to the upside. I am deep in profit after setting a sell stop which has been hit. Take profit at 110.513

JordanWillson

We have a potential Head and Shoulders pattern forming on this pair, with the right shoulder forming and ending at around the monthly support of 131.000 level. This would coincide with a large demand area for the pair to then turn bullish and begin climbing to the upside. If it breaks the daily pivot level of 132.665 and closes under it I will look at...

JordanWillson

At the moment we have NZDUSD following a nice bullish channel, it has broken the daily trendline (dotted) however rejected a resistance level of 0.68961 . I will now be watching to see whether it continues to follow the bullish channel upwards if it falls to the trendline and rejects. If it does reject the trendline and remain bullish I can see it then breaking...