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iambrettjenkins iambrettjenkins CADUSD, 30,
CADUSD: CADUSD Tests and Breaks 52 Week High. #StayGreenTeam
33 0 3
CADUSD, 30
CADUSD Tests and Breaks 52 Week High. #StayGreenTeam

It is above the Ichimoku Cloud, and looks to have formed a simple bullish pattern on the charts. I absolutely love this sweet spot here and the risk is small compared to the reward. It's right at this sweet spot with a ton of buying pressure on the technicals, so it is worth the "scratch" I'll take if wrong going in. The moving averages are all aligned up and ...

orvilleawright orvilleawright PRO USDJPY, 240, Short ,
USDJPY: USDJPY (4H right shoulder of head and shoulder pattern completed
45 0 1
USDJPY, 240 Short
USDJPY (4H right shoulder of head and shoulder pattern completed

USDJPY (4H): After double bottoming (on Sept 27) at the 100.00 support zone, price moved sharply higher and is now back at previous resistance. Price has broken the rising wedge and has retested the bottom of the wedge as well as the 50 SMA. This is also the right shoulder of the head and shoulder pattern. My downside targets would be the 103.25 (Previous weekly ...

orvilleawright orvilleawright PRO USOIL, 240,
USOIL: USOIL (4H) trading at the top of a bull channel
35 0 0
USOIL, 240
USOIL (4H) trading at the top of a bull channel

USOIL (4H): After spiking higher oil is trading in a bull channel. It is currently approaching the highs of this bull channel. It has broken the high at $51.57. Will it hold above or will price rotate to the lows of the channel. Note that price is also at the 127.2% extension of a previous swing high. The trend is clearly bullish and I would only be looking for ...

orvilleawright orvilleawright PRO SPX500, 240,
SPX500: SPX500 (4H) trying to break resistance at 214x
32 0 0
SPX500, 240
SPX500 (4H) trying to break resistance at 214x

SPX500 (4H): Price bounced off support near 2100 and is currently trying to break through the resistance zone at 214x. This resistance is defined by previous support now resistance as well as the 50 SMA. Buyers who entered in the 212x zone could consider taking partial profits. Those looking to buy should wait for a strong break and retest of this resistance zone. ...

orvilleawright orvilleawright PRO DXY, 240,
DXY: DXY (4H) trading at lows of spike and channel
31 0 3
DXY, 240
DXY (4H) trading at lows of spike and channel

DXY (4H): Price is trading in a up channel after a sharp upward move. We are currently at the lower trend line of this bull channel. Price is clearly in a up trend. My upside targets are 98.1x (previous high) then 98.5x (upper measure move/previous high). I would not consider shorting until there is a strong breakdown of the up channel that brings price below the ...

orvilleawright orvilleawright PRO USDCAD, D,
USDCAD: USDCAD (Daily) testing 50 SMA, more support at 1.30000
18 0 1
USDCAD, D
USDCAD (Daily) testing 50 SMA, more support at 1.30000

USDCAD (Daily): The USDCAD is in a slight uptrend where it is slowly grinding higher. It has tested the 50 SMA leaving a long lower wick. In this type of price action the up moves are not sustained with deep retracements. Major support is at 1.30000. My upside targets are at 1.327x (previous high) and 1.337x (127.2% ext as well as measured move). My initial ...

orvilleawright orvilleawright PRO GBPUSD, D,
GBPUSD: GBPUSD (Daily): Should I be buying the GBPUSD?
40 0 1
GBPUSD, D
GBPUSD (Daily): Should I be buying the GBPUSD?

GBPUSD (Daily): After trading in a range for more than 3 months the GBPUSD finally broke sharply to the downside. Price trades through, then pullback from the 1.20000 level as well as the lower range expansion target. Price is currently trading sideways and all the price action is contained within the candle created on Oct 11. Although the downward momentum has ...

orvilleawright orvilleawright PRO USDJPY, D, Short ,
USDJPY: USDJPY (Daily): is at the 61.8% ret. of the previous swing low.
58 0 1
USDJPY, D Short
USDJPY (Daily): is at the 61.8% ret. of the previous swing low.

USDJPY (Daily): is at the 61.8% retracement of the previous swing low. Price has broken the upper trend line of the down channel. The resistance zone was previously tested On Sept 2 and higher prices were rejected. Price is trading above the 20 and 50 SMA. I am looking for a move (at least) back to the moving averages and possible to the lows of the bull channel.

orvilleawright orvilleawright PRO EURUSD, 240,
EURUSD: The downward momentum has slowed. Expect some correction.
28 0 1
EURUSD, 240
The downward momentum has slowed. Expect some correction.

EURUSD (4H): The downward momentum has slowed as price runs into the 1.10000 level. I expect some correction. This zone is also the 161.8% extension of a previous down swing. Price is trading slightly below the down channel lows and is overextended with significant separation from the 50 SMA. The USD as been strong and I expect selling pressure at previous swing ...

orvilleawright orvilleawright PRO SPX500, 240,
SPX500: SPX500 (4H) is coiling into a wedge pattern
87 0 0
SPX500, 240
SPX500 (4H) is coiling into a wedge pattern

SPX500 (4H) is coiling into a wedge pattern the centre of the consolidation is around the 216x zone. Both the 20 and the 50 SMA have flattened. The price action seems rather balanced. It should however be noted that the last dominant move was a swing low. There is immediate resistance at the 217x zone and immediate support at the 214x zone.

orvilleawright orvilleawright PRO USOIL, D,
USOIL: USOIL (Daily) Oil trading into resistance.
116 0 3
USOIL, D
USOIL (Daily) Oil trading into resistance.

USOIL (Daily) still in an uptrend starting from the lows created on February 11 2016. Price is however at resistance at $50 as well as the 61.8% retracement of the previous down swing. This zone is also a previous swing high. The last two times the market approached this zone it turned lower. Will the market turn lower again? or will price trades to the top of the ...

orvilleawright orvilleawright PRO EURUSD, 240,
EURUSD: EURUSD (4H) Trade from the edges and avoid the middle
47 1 6
EURUSD, 240
EURUSD (4H) Trade from the edges and avoid the middle

This is such a CHOP. Trade from the edges of the support and resistance zones and avoid the middle. There is resistance above the consolidation zone (1.125xx - 1.128xx). The top (down channel) line will also act as resistance. Support is at the down channel low as well as between (1.112xx - 1.114xx) where the market has bounced several times. However expect ...

orvilleawright orvilleawright PRO USOIL, 60,
USOIL: USOIL - IF I AM A BULL? IF I AM A BEAR?
46 0 2
USOIL, 60
USOIL - IF I AM A BULL? IF I AM A BEAR?

IF I AM A BULL: Buy pullbacks as price rotates to the top of the bear channel. Targets are at the top of the bear channel or the 46.20 - 46.50 zone. IF I AM A BEAR: Sell failures at the top of the bear channel. Price is currently at the 61.8% retracement. If price action confirms it as also possible to short at this level with targets at the low of the bear ...

orvilleawright orvilleawright PRO GBPUSD, D,
GBPUSD: GBPUSD Price structure analysis (Daily)
43 0 1
GBPUSD, D
GBPUSD Price structure analysis (Daily)

GBPUSD (Daily) Trading towards the low of the range. Look for selling opportunities while price moves towards the low. At the low of the range look for buying opportunities.

orvilleawright orvilleawright PRO EURUSD, 240,
EURUSD: EURUSD Price structure analysis (4H)
29 0 2
EURUSD, 240
EURUSD Price structure analysis (4H)

Currently trading at the top of the bear channel withing a region of previous consolidation which could act as resistance.

orvilleawright orvilleawright PRO USDCAD, 60,
USDCAD: USDCAD Price structure analysis (1H)
33 0 1
USDCAD, 60
USDCAD Price structure analysis (1H)

USDCAD Price structure analysis (1H). After a very strong move down I am looking for selling opportunities as price pulls back into the resistance zones market on the chart. There is also confluence with the 50% and 61.8 fib retracement levels. Wait for price action to confirm the reversal. On the 1 hour timeframe I remain bearish while price keeps trading below ...

orvilleawright orvilleawright PRO USDCAD, 240, Long ,
USDCAD: USDCAD Price structure analysis (4H)
26 0 0
USDCAD, 240 Long
USDCAD Price structure analysis (4H)

USDCAD Price structure analysis (4H)

orvilleawright orvilleawright PRO USDCAD, D,
USDCAD: USDCAD Price structure analysis (Daily)
28 0 1
USDCAD, D
USDCAD Price structure analysis (Daily)

USDCAD Price structure analysis (Daily)

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