EvanJones

PRO
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About me I love the challenge of trading, the battling of the markets with my technical analysis, however my single purpose is to make money! Check out my website for more information regarding training, education, discussion on setups and much much more!
Joined United Kingdom evanthebanana
I love using a mixture of technical and automated trading. I trade based on a number of technical approaches and love teaching others how to trade!
Markets Allocation
61 % forex 3 % stocks 35 % other
Top Mentioned Symbols
DXY 8% | 16 AUDUSD 7% | 14 EURAUD 7% | 14 NGAS 6% | 13
EvanJones EvanJones PRO USOIL, D, Long ,
USOIL: Channel Formed - Await for trendline break
89 0 3
USOIL, D Long
Channel Formed - Await for trendline break

Oil has been on a Roller-coaster ride in recent months due to uncertainty with production cuts. A nice channel has formed and a trendline break shown in the chart would indicate a nice long for continuation of this channel.

EvanJones EvanJones PRO CHFJPY, 240, Short ,
CHFJPY: Head & Shoulders ready for the downturn
29 0 4
CHFJPY, 240 Short
Head & Shoulders ready for the downturn

A clear head and shoulders pattern has emerged and I'm awaiting for a break of the neckline to target the missed monthly pivot below. Stops above the neckline and sell stops below the neckline awaiting for the fall.

EvanJones EvanJones PRO EURCAD, D, Short ,
EURCAD: EURCAD - A path of resistance ahead?
61 0 6
EURCAD, D Short
EURCAD - A path of resistance ahead?

The EURCAD since the French pre-general elections has made it rather bullish, however the gap, missed monthly and weekly pivot lie below and with oversold indications on the RSI indicating a retracement is due. We are at the point where we are hitting the 50% a key retracement area in any leg of a financial instrument. There are multiple points of resistance and ...

EvanJones EvanJones PRO AUDCAD, 60, Short ,
AUDCAD: AUDCAD Double top formation
54 0 5
AUDCAD, 60 Short
AUDCAD Double top formation

A nice double top has formed, with targets aiming for the 61.8% fib area. places stops above the highs by a few pips and if it breaks this then a breakout trade is on, otherwise a little retracement is expected.

EvanJones EvanJones PRO DJI, 240, Short ,
DJI: Strong Correction forecasted
38 0 4
DJI, 240 Short
Strong Correction forecasted

The Dow Jones Index like many other indices has been powering through aiming higher and higher , however with two significant gaps and a missed weekly pivot, evidence suggest these gaps will be filled at some point in the future. Added to this, is the divergence shown on the RSI which indicates a downwards correction.

EvanJones EvanJones PRO EURAUD, 240, Short ,
EURAUD: Double Top for EURAUD
52 0 5
EURAUD, 240 Short
Double Top for EURAUD

Here we can see a classic double top in play with price action indicating weakness. I fancy a short with stops above the recent highs and targeting the trendline as a retracement for price to hit.

EvanJones EvanJones PRO NGAS, D, Long ,
NGAS: Natural Gas Looks to head back North
76 0 5
NGAS, D Long
Natural Gas Looks to head back North

NatGas has recently retrace back into the channel it had formed as part of a corrective phase when observing the weekly/monthly timeframes. Recently, it looked as if it would resume however shortfalls in supply to demand have driven price up accordingly. Expect a small retracement soon and the channel to be obeyed as part of a supportive channel in the coming weeks.

EvanJones EvanJones PRO GBPUSD, 240, Short ,
GBPUSD: A repeated Price Action Pattern (this time a reversal)
50 0 5
GBPUSD, 240 Short
A repeated Price Action Pattern (this time a reversal)

My recent post regarding price action and how you can determine changes in the direction was recently shown, showing a doji followed by a pin bar which turned into a bullish candle. Since then price has oscillated and not taken any momentum in direction. The same is for today where a doji followed by a decent sized bearish candle indicating downward movement. The ...

EvanJones EvanJones PRO GBPUSD, 240,
GBPUSD: Nice demo of Price Action
48 0 6
GBPUSD, 240
Nice demo of Price Action

I don't advise you trade any GBP pairs for the next week on the basis of article 50 being triggered and the consequences arising from it in terms of volatility. However, what I would like to highlight is looking at price action in the red circle. A set of bearish candles had formed followed by a doji and then what a call a pin type par. Also notice the 50% fib ...

EvanJones EvanJones PRO XAUUSD, 60, Short ,
XAUUSD: Break of trend line supports USD
82 0 5
XAUUSD, 60 Short
Break of trend line supports USD

The trendline break is a nice setup for shorts now, either enter and await for the two missed monthly pivots below or await for a slight retracement before entering short. Stops above the trendline around 1254 and target 1 = 1242.5 target 2 = 1220

EvanJones EvanJones PRO DXY, D, Short ,
DXY: Head & Shoulders (They come in weird formations sometimes)...
28 0 6
DXY, D Short
Head & Shoulders (They come in weird formations sometimes)...

It looks like a H&S pattern has emerged and the Dollar is now in a corrective state and could aim for the lower trendline or for the support area of 97.5 a pivot-able area of support. The neckline is broken so await for a close and potentially a retest against the neckline as resistance before entering shorts

EvanJones EvanJones PRO JPN225, 240, Short ,
JPN225: Double Top within a Rnage
32 0 5
JPN225, 240 Short
Double Top within a Rnage

Clearly a range is being seen in the indices markets with no defined resolution on direction which has caused this ranging pattern to form. On top of that, a double top has formed and rejected the resistance line so expect shorts to be in play with targets towards the current weekly pivot and potentially beyond. Stops above the high of the double top!

EvanJones EvanJones PRO AUDNZD, 60, Short ,
AUDNZD: Clearly Over-extended
54 0 3
AUDNZD, 60 Short
Clearly Over-extended

AUDNZD has been bulldozing its way North due to a weak Kiwi Dollar. That's about to change with a rejection at the fib level and the bearish candle prior to previous candle indicating a movement towards the missed weekly pivot shown in the figure. Stops above the fib with a safe target half way to the pivot.

EvanJones EvanJones PRO COPPER, 480, Short ,
COPPER: Await for a close below the Fib Line
61 0 6
COPPER, 480 Short
Await for a close below the Fib Line

Copper as seen has been on an aggressive rally and is largely correlated with the AUDUSD. If a break below the Fib along with the already broken trend line then expect a nice retracement to approx half the movement upwards, e.g. the 50% fib area which coincidences with the yearly pivot.

EvanJones EvanJones PRO DXY, 240, Long ,
DXY: Bounce indicates a move higher
42 0 5
DXY, 240 Long
Bounce indicates a move higher

The Dollar recently broke out of a triangle formation and a retracement to test the now support has indicated that we could see a movement higher towards the 76.4% Fib area. There is positive momentum in the RSI and MACD also backing this idea. Happy trading folks!

EvanJones EvanJones PRO USOIL, 240, Short ,
USOIL: Triangle Breakout
162 0 7
USOIL, 240 Short
Triangle Breakout

Here Oil has been ranging upwards for sometime on positive OPEC compliance, however the triangle formation indicates ab reak to the downside and has been confirmed by the breakout. I've drawn in the arrows to indicate that when a breakout occurs, await for a retest to what was previous acting as support and is now acting as resistance. Oil shorts now in play with ...

EvanJones EvanJones PRO DXY, 240, Long ,
DXY: DXY BReakout
25 0 6
DXY, 240 Long
DXY BReakout

The recent comments from the President of the US has boosted the Dollar and consequently this has forced a triangle breakout with a nice upstream to the 76.4% Fib area. Await for a slight retracement before entering long

EvanJones EvanJones PRO AUDUSD, D, Short ,
AUDUSD: AUDUSD Looks ready to retrace back down
40 0 5
AUDUSD, D Short
AUDUSD Looks ready to retrace back down

Here a long term trendline was formed and if its respected, expect a significant retrace down to the 0.74-0.73 area. Sell stops below recent candles low with stops above the trendline and target is the missed monthly pivot

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