J1bsFx

J1bsFx

Reasons : 1.Double top has formed at a point where there was a previous sell off.First test saw a good sell off and there is rejection signs on the second test. 2.RSI divergence is present. 3.All these things are occurring on the 133.00 handle. 4.Point is where previous support may turn resistance. 5.ABCD completion Will look at taking this as a means to join...

J1bsFx Updated 

Price has reached a point where: It has started consolidating in a location which could be the second shoulder formation of a H&S formation (look left). There is a decent fib cluster. RSI has gone oversold & there is divergence present. I will only enter IF : Price breaks out of this consolidation with some momentum behind it. Should this occur, I will set a...

J1bsFx Updated 

Price is near a level where : There is previous resistance which should turn support. The 0.618 retracement is present. It is potentially forming an inverse head and shoulders pattern : RSI divergence present All these reasons also occur on a potential trendline. pending order has been set at this level to take advantage of continuations to the upside

J1bsFx Updated 

The pound has been bullish on the higher timeframes and has a reached a point where I believe there is an opportunity to get into a trade that could retest the highs and perhaps go form an extension. I will be reducing by risk when price reaches point 1 - might go to breakeven or perhaps just below a suitable structure level that is in the + or - Will be...

J1bsFx Updated 

Price has formed a complex pullback & arrived at a zone where : Previous resistance that should turn support It completed an AB=CD pattern A fib cluster is present It produced an inverse head and shoulders pattern Targets set at previous structure high (but under the 86.5 handle) & secondary target is just below the 86.8 mark which comes into a structure level...

J1bsFx Updated 

Support turned resistance to left + fib clusters + ABCD completion + strong touch reaction a few hours earlier

J1bsFx Updated 

Expecting this pair to continue down

J1bsFx

Price is ranging within this 5.475k-5.775k zone. Buyers have also failed to make any new higher highs & while sellers have not managed to make any lows outside this area, the candle formations within the range suggests buyer exhaustion : The candles contained within the boxes were met with massive bearish candles which undid several hrs of buyers trying to push...

J1bsFx Updated 

This pair is in an overall uptrend and is approaching a good level of support from which I anticipate it will continue in its original direction. I have an aggressive entry waiting within this zone because of the below reasons : ABCD completion RSI potentially overbought on arrival RSI divergence already present 1.618 fib extension This group of reasons all in...

J1bsFx Updated 

Given the strength of the sell off coming into the current consolidation, I expect prices to continue on down & price is approaching an area from where it reacted fairly strongly to the down side its last few visits. Reasons : ABCD completion RSI potentially overbought on arrival 1.618 fib extension 0.5 fib retracement This group of reasons all congregate almost...

J1bsFx Updated 

Reasons : Overall very strong up movement on daily time frame Price is coming into a strong support zone from where price can potentially continue of its way up. RSI is oversold Fibonaccis in zone 63.87% of positions open on OANDA for this pair are short (good thing)

J1bsFx Updated 

Might be time for this pair to continue its downtrend. As shown on chart, below are multiple reasons all within a very close proximity of my aggressive entry @1.24218~ Trendline 1.414 Fibonacci extension 0.618 Fibonacci retracement 1.618 Fibonacci Inversion Big broken structure support = resistance to the left Divergence on RSI Likely oversold condition on...

J1bsFx

There is a shorting zone that is in sight for BTC. Within the zone, you have a decent level of structure + an ABCD completion & a couple of fibs. RSI is also near overbought at this point. I wouldnt enter this aggressively, confirmation is your friend - maybe look for a double top etc within the zone so you get a safer entry. There is a high probability that...

J1bsFx Updated 

As outlined in Idea 1: as one of two possible sell scenarios, price did form a head and shoulders pattern + broke the neckline. I think this pair will find some relief soon before eventually visiting the 2k mark. Depending on price action at this point, you could look for buying opportunities. I expect price to find some hold ontop of the resistance turned...

J1bsFx

Preface : I dont trade crypto, nor do I know anything about it. This is purely based on technical analysis . Ethereum could possibly be in a range at the moment. A double top was formed just short of the 400 mark before the current decline began. My best guess is that it will go back down to retest the last lows at around 140, or the low before that at around...

J1bsFx Updated 

The pair has a potential Bat pattern forming atm. A break and close above previous level tells me that the structure at 1.224 area may be tested and as a result I will not be trading the bat but rather trying to take advantage of the obvious stop placement of traders who take this pattern. My entry will be at 1.226 flat which has an ABCD completion as well as a...

J1bsFx Updated 

Preface : I dont trade crypto, nor do I know anything about it. This is purely based on technical analysis. BTC just had biggest bear day in EVER with a rejection of 5k mark - significant flat number Would be dangerous to short right now unless one of the two scenarios below occur : Scenario A : A natty double top off the 5k point. This could signal exhaustion...

J1bsFx Updated 

This pair has been on a big bull run since mid-May and has reached an area where it collapsed from last time it visited. This could be an area where sellers are vulnerable to stop hunts as they will assume the pair will have a similar reaction - which it may, but we do not know for sure. The fact that the pair has hung around here for a couple of days points...