Jroge107

Jroge107

Quick setup could arise if NZDCAD heads down to one of those trendlines for a 3rd bounce and/or a final wave up. I see little opportunity to the upside if entering long in this area. However, I will not open a short in anticipation of a dip lower for liquidity as these moves sometimes randomly break up and continue making new highs. If price heads lower and stalls...

Jroge107

Not looking for any large moves here since it has been range-bound for over a month. A nice short down to at least the .50 fib or even the .618 would bring us to the bottom of the daily support. Enter on the hourly chart for a better entry.

Jroge107 Updated 

Similar patterns after filling a significant gap. No explanation, just observation. Hanesbrands is a buy at $20 if price wants to meander down there and hold.

Jroge107

CLF is a buy in my opinion but the price must close above the .786 fib retracement box I have placed in on the chart for a long position to be considered. Noted for a lagging share price to the industry, yet considered a great company with potential. To those trading the steel market, fundamentally the opinion is definitely swaying towards bullish for 2018. --US...

Jroge107 Updated 

Weekly chart of GBPNZD and we are facing a critical level. If structure holds an explosive move up will be needed to break the previous multi-year support. If this zone of importance does not hold, likely to continue down to lower zone & along the trend line that has formed. As always; don't trade assumptions. Wait for price to react to this level and then jump...

Jroge107

Fairly straight forward trade, buy the retracement. After bouncing off the weekly trendline at the bottom, AUDUSD is bullish in my opinion. If you missed the initial trade this would be a great opportunity to enter upon a bounce at previous resistance as well as the .618 Fibonacci level. Take profits at the green area i marked.

Jroge107 Updated 

If USDCAD breaks this yearly trendline again, it looks to be going for a retest of the weekly low. Fairly straightforward forecast, with big potential if 1.206 breaks. Area of interest would be down between 1.224 and 1.2155 .

Jroge107

If gold can retest last week's lows and hold i believe gold will be entering a bull run. Based off seasonality, tax bill, and multi-year trend this level has a high probability of holding for the long term.

Jroge107 Updated 

Break of yearly pivot (large pink line) followed by a bearish flag. Bearish flag starting from significant support area working up to retest the pivot. A break to the downside is possible.

Jroge107

AUDJPY reaching significant area on the 4hr chart. Price has respected this zone quite a bit over the last 6+ months. H&S pattern so likely more downside to follow but i expect a retracement before anything. Trade w/ the trend; use sell limits and wait for price to come to YOU and then go short, if you're feeling lucky take the scalp to the upside and then go...

Jroge107

Looking as if we got a daily pin bar around previous month's R1 as well as quarterly R1, after a bullish engulfing candle in the middle of structure. Likely to see some upside here soon. Fib confluence would align to clear profit targets at the .5 retracement and . 786 retracement . I have an old idea for AU using a line-break chart that i will link to this one....

Jroge107 Updated 

Overall bias towards EU is still bullish , it is just time to see some corrective moves before buyers are willing to step back in for the long haul. Based off candle formations on the daily timeframe and how they have reacted to the following levels i believe we might see what could unfold as a head and shoulders pattern. Will update as the trade set-up...

Jroge107

Waiting for a daily candle to close above 114.893, will be looking for either (1) an engulfing candle or (2) a break and retest of structure high. Not much to it besides basic price action and pivot points. The current consolidation inside the yellow zone leads me to believe a bullish trend will commence here in the next few days. Areas of interest will be the...

Jroge107

***Note: technically this is not a true gartley pattern since there is no definitive impulse leg. However, many of you find success trading the fibonacci zones within pattern structures.*** If GBPUSD can close today below the .886 fib retracement of the AB leg i think the pair would be a nice short for a few days. RSI is showing multiple signals for overbought...

Jroge107

Round two at an attempt for a USDCAD reversal. Price bounced off a ~4/5 year long trendline as well as the weekly candle looking as if it will not close below the lows of 2015 (highlighted in green) stochastics are showing a crossover and cross up, multi-TF MACD starting to curl, and multi-TF RSI already given one buy signal. USD could gain some strength after ISM...

Jroge107

AB-CD pattern formed on EURUSD on the daily chart, just so happens both legs have been high and tight flag patterns. So far, all the rules of the patterns have been met therefore we are waiting on a catalyst; just might be tomorrow's NFP. This CD leg has formed at the significant price of 1.20 therefore if the flag pattern performs as it should, eurusd will rocket...

Jroge107

Currently speaking i am looking for AU to retest structure highs of around .77 before i will start to looking to add long positions into a swing trade. If price respects the monthly pivot (shown in the green arrows) and goes for a retest of R1, i believe we will see a break of 2015 structure highs and continue up to around the monthly R2 level (also shown with the...

Jroge107 Updated 

Overall setup looking at shorting CHFJPY as a swing trade, drop down to the hourly chart and you can see a clean 1000 weighted moving average bounce. This bounce indicated a rejection of prices that low; i am expecting it to retest this range structure. If structure is broken to the topside it will be an excellent long opportunity and if structure is not broken...