EvanJones

EvanJones

EURUSD has rallied on the back of a weaker dollar, however I feel that the tide is turning and is ready for a retracement. Stops just above for a quick stop out in case of a break out. There's a missed weekly pivot which is an ideal target, however I'm suggesting we aim for half way or 1.25 area. For more information either follow me on here on twitter...

EvanJones

The Yen has been on a magnifcent run in recent months as a safe haven, however I feel the Dollar may be trying to bounce back this week and therefore with a breakout of the triangle we could see the missed weekly pivot as a potential target. For more setups, follow me on here or sign up to www.ejfxtrading.com

EvanJones

So a tea cup as I call it has formed. What is it? Well, a clear reversal has occurred from the recent lows and you usually get a V shape or a quadratic curve like pattern and then a slight dip (the handle) before a change in the trend. In this case, I would say 90% of the pattern has completed to give me confidence that the trend is willing to pursue a bullish...

EvanJones

EURUSD has rallied in recent days on the back end of a weak Dollar. A double top has formed and we could see price retrace somewhat towards its current weekly pivot, which is yet to be hit. For more information, either follow me on here or at www.ejfxtrading.com

EvanJones

Take a look at the recent rejection of the long term trendline which happened yesterday/this morning (BST). This is a good time to now enter shorts with this pair and hold onto them for a long time. We can expect a resumption of the move down south to the 0.7 area. For more information, either follow me on here or sign up to www.ejfxtrading.com

EvanJones

The triangle formation formed some weeks ago showed a false breakout and consequently price has resumed back within the triangle. Price is at a support trendline as we speak and if this breaks down then we could see a big move to test the lows. Alternatively, if Oil retraces after its recent surge then we can expect price to continue back within the oscillation....

EvanJones

The Yen has been clearly in a powerball run for the last few months and this has become the defacto safe haven currency lead. Here I've drawn a nice channel, which is confirmed by multiple touch points (minimum of 3 ideally) on both trendlines and this has shown the structure of price as it continues downwards. Both oscillators show that there is some more room...

EvanJones

The Dollar Index has fallen out of favour with many investors, partly due to disappointing economic data and the FED talking the dollar down. A nice H&S pattern has emerged and if one of the trendiness breaks then this would make for a great shorting opportunity. The RSI and trend wave has some distance to go further downs the move is backed by some momentum. I...

EvanJones

GBPCAD is ready and prime to go for this weeks newly created pivot. Expect some good movement today and tomorrow to reach this target. After hitting this target, we can expect a resumption of the downtrend. For more setups and exciting education posts, please sign up to my website: www.ejfxtrading.com

EvanJones

The EURAUD has been forming two triangles in a move expired to consolidation or a battle between two economic states where strength is relatively mixed and neither is taking the direction. Expect some consolidation in the next few weeks, we should expect a move towards the upper triangle as part of the longer term move backed by some divergence shown on the...

EvanJones

So the Dax has been on fire recently, but the move has been strong and no significant retracement has occurred and so I'm expecting a counter trend move in the coming days or next week. Indications show the price to be nearing oversold territory and the wave trend showing a move is soon ready for a move south. The weekly (this week) and monthly pivot have yet to...

EvanJones

AUDUSD is set for a nice move downwards and given this weekly pivot hasn't been hit indicates that we should see price migrate towards this area before the week ends. Stops placed above the trendline in case of a breakout. Profit taking around the 0.76 - 0.759 area. For more information please follow me on here or on twitter (@evanthebanana) or at www.ejfxtrading.com

EvanJones

Not the clearest of H&S patterns but sometimes they don't always come in ideal formations and so the way to approach this is to place some sell stops below the neck-line and await for a potential big move. Apologies for the lack of posts, I've just moved house so bit all over the place at the moment. More updates to come in due course! For more information,...

EvanJones

Was going to publish this morning but I forgot to do so. Well, as you can see a triangle has formed and a breakout to the lows is expected. Expect further significant movement South! www.ejfxtrading.com

EvanJones

Prior to Brexit I posted this trade idea which demonstrated a nice H&S pattern which has been nicely obeyed. Looking back, at some of my ideas I noticed it hit the 23.6% Fib target which was when I closed out my trades. Observing the chart, the purple arrows are my expectation for this pair, after a steep breakout, we can expect a retracement and then a bounce to...

EvanJones

GBPNZD has been smashed in recent weeks and is clearly in a nice downtrend. Currently, the pair is retracing and is attempting to retrace to the trend line (upper) shown, however I expect a rejection around this level before resuming South. In the coming weeks, we shall begin to see the economic impacts of Brexit on GBP economy so expect continuation to the...

EvanJones

Oil has recently returned to its lows due to a glut in the market supply evident from the increase in baker Oil Rigs from the US and the continued production from Nigeria, Iran and remaining gulf states. However, this pair is quite oversold and I expect a small correction to occur today towards the trendline/weekly pivot. If structure is to be obeyed, then I...

EvanJones

The EURUSD has been out of touch with the US Dollar due to its strength. The 1HR trend line has multiple touches confirming its reliability of acting resistance. The current weekly pivot hasn't been hit and is a great place to target for some easy pips on a long or alternatively, enter a short with stops above the trendline and targets around the lows. For more...