Up or Down I don't really know. Personally I think up. But technically looks like H&S. We must wait and see.
The strength of the dollar may wreck the franc. I think it might correct heavily against both the dollar and the yen. While this was not as per my expectations, it seems like price action has its own plan. What interesting times we live in.
Hi guys, Entered long a couple minutes ago on GBP/JPY. As you can see, the former resistance was broken with a strong bullish candle on M15 with volume . My target is the top of the pitchfork at around 152.350. Please zoom out to see the whole structure. Best, Jesse
HELLO TRADERS, OUR VIEW ON SWISS... AS ALWAYS, ONLY RISK WHAT YOU'RE WILLING TO LOSE. THE TRADING REGIME OANDA:USDCHF
Hey guys, Currently watching EUR/AUD which tested a demand level on June 7. I will looking to sell the breakout of this triangle pattern and will target the next fresh demand zone around 1.56500-1.56600 levels. The RR ratio for this trade is around 1.7 Trade with care Best, Jesse
Hey guys, Following my last post on Gold (click on the related idea below if you haven't yet!), where I was bearish, it seems price has been consolidating here and there for a while. The initial impulse (orange arrow) to the downside was strong, with a drop > 2.5% in one single day. Gold's price pulled back to previous key levels (Daily pivot points) but...
Hi guys, The pair is showing some bullish momentum since this morning. According to the ICHIMOKU CLOUD, it could potentially reach the next untested resistance in the next hours. The Lagging Span on the hourly chart has no real obstacle and the 15-min chart is showing bullish signs as well (price above the cloud, Lagging Span above the price, future KUMO...
Hey guys, Based on a simple Schiff Pitchfork, I have entered short on Gold a couple of minutes ago. The bottom of the fork broke to the downside with multiple bearish candles suggesting bears are temporarily in control. I am targeting the next support which has not been tested yet @ around 1884.20. The R/R ratio for this trade is > 2. Trade with care, Jesse
Hey guys, The pair is currently in a flag inside what looks like a broadening formation (megaphone). Based on the Ichimoku Cloud, we can see that the price is supported by a thick daily cloud and is currently above all its clouds as well (H1, H4, and Daily) suggesting that it will sooner or later test the highs again. I am already positioned in this trade,...
Hey guys, Buying the pair at market price since price bounced off a demand zone and broke its corrective pattern to the upside. I will target the next supply zone @ around 129.600. Trade with care. Jesse
Hey guys, The pair broke its corrective pattern 2 hours ago to the downside. The previous demand zone has shifted to a supply zone implying that selling is ongoing. I am selling at the market and will target the 127.2% fib level which is the next demand zone. The RR for this trade is above 2.5. Trade at your own risk. Cheers,
For the first time in months I'm excited to trade GU this week! So on the daily, we have a bullish pennant whereas on the 4hr we have a Head and Shoulders. What does that mean? Simple, we don't take the sell, as that goes against our higher timeframe bias as we're still in an uptrend due to higher highs and lows. We wait for that neckline to be breached and for...
Hi guys, I took this trade a couple of minutes ago because it seems the pair is ready to push higher to its next resistance level which is a strong supply area (confluence zone). Price is also currently above its pivot level. I opened long my trade @ 135.740 and I will target the 136.400 area, so a potential 70+ pip trade. If it breaks I will look for some...
The franc will weaken significantly. Why? Because most people think it will gain strength.
The Yen is not looking too good The Swiss on the other hand know how to run their currency
Hey guys, XAU/USD is currently consolidating in a bullish flag. As soon as it breaks to the upside I will buy it. We are above the pivot line and above the Ichimoku cloud. My target is indicated in the chart. Please check out my latest ideas as well in the link below. Trade with care and at your own risk.
Hi guys, CHFJPY broke a couple of hours ago a structure to the upside suggesting it could go higher. We are above the daily pivot line and above the Ichimoku cloud. I am long, targeting the median line at around 112.240. Trade with care and at your own risk. Cheers, Jesse