JallenForex

JallenForex

EURGBP is looking great for a long-term short trade. Simple break & retest of hugely significant psychological level @ 0.87000

JallenForex

EURUSD is looking good for a short trade based on technical levels/trend lines.

JallenForex

EURCHF has broken above a trend line on the 4H chart & retested it from the other side. We are now long in this pair waiting for a price increase from the current level. Stops & profit levels are marked on the chart. Trade safe!

JallenForex Updated 

GBPJPY has broken above a descending trend line on the 4H chart & below. Scoping down to the 15m chart we can see price clearly respecting the trend line/support area with rejections to the downside. Aggressive entries would be taken at current market price. For a safer entry, we would look to go long upon a break of the 147.250 area. Manage your risk...

JallenForex

Here's a low risk long trade setup for GBPCAD. Momentum has slowed in a support zone which also lined up with an ascending trend line. We have a good opportunity to attempt a long trade with low risk & high reward.

JallenForex

Price is trading within a descending wedge pattern & has recently touched the bottom level with halted bearish momentum. This provides us with a long trade opportunity with exceptional risk/reward ratio. Make sure to manage risk appropriately when trading.

JallenForex Updated 

Here we have a low risk trade opportunity presented to us on EURAUD. Price has broken above a descending trend line & is retesting the trend line from the other side as support. Long trades would be closed upon a bullish hourly candle close & a stop loss would be placed tight below the trend line. We will post updates as this trade progresses.

JallenForex

Downside movement is expected for the Euro against the US Dollar in coming weeks. 1W: On the weekly chart we saw a large head & shoulders reversal pattern form, and price has since broken below the neckline support & found sustained resistance holding below it. We've also seen a smaller ascending trend line broken to the downside with a weekly candle close...

JallenForex

1W: GBPJPY broke out of a descending trend line last week, exposing the pair to further potential upside movement. A retest of the trend line may occur before price starts to increase. 4H: On the 4H chart we can see price broke and closed below a short term ascending trend line, opening up possibility for a short term decline in price. Trading plan:...

JallenForex Updated 

GBPJPY has formed a 5-wave motive wave & an ABC correction. We would now like to go long from the current level with a stop below the C wave. A simple, effective wave count with nice profit targets & great risk/reward ratio. Updates will be posted as the trade progresses

JallenForex Updated 

EURUSD is trading in a period of consolidation. if we get a break & retest of the consolidation we will look to enter short trades.

JallenForex Updated 

Price has broken an ascending trend line and is currently retesting from the other side. Go short here if price holds resistance below the trend line.

JallenForex Updated 

Theory USDJPY has been trading in a bullish corrective triangle pattern on the weekly chart for a while now & the E wave upwards is in play. We are expecting overall bullish price action to occur for huge profit targets of 200+ pips (possibility of further extension) . This chart This chart is showing a nice long trade setup on the 4H timeframe. Using a...

JallenForex Updated 

Wave 5 may have completed of a 5-wave move down so we could look to go long at the current level. Look for a 1h buy setup if price forms support.

JallenForex Updated 

Wave count on NZDUSD setting us up with two potential trade opportunities. On the daily chart we can see price carrying out an overall A-B-C correction, with Wave-C currently playing out. Scaling down we can also see a smaller 5-wave structure forming within this C-Wave. We've got 2 potential trade opportunities: Trade 1 - Short-term Buy: Long trades could...

JallenForex Updated 

Here we have a beautiful trade setup for USDCAD. Since our last call price has declined by 160 pips, breaking the small trend channel formed during the ABC correction. We've seen price pull back to retest the bottom line of the channel & it is now trapped beneath the 0.382 fib retracement level. Strong upside rejections supports the likelihood of bearish...

JallenForex Updated 

USDJPY has been trading within a huge ABCDE corrective triangle on the weekly chart. We have scoped down to the 4H chart to find a solid entry to a long position with extended profit targets. Entries would be placed around current market price with a stop loss below the low around 109.000 - 109.110 & aim for targets of 110.000 & 118.000. Updates will be...

JallenForex Updated 

AUDCAD recently broke above a descending trend line and has touched a resistance & came back down to touch the trend line from the other side. What we would like to see is a retest of the trend line/.382 fib retracement/support zone that price is near to find long entries. Stop loss would be placed below the trend line with profit targets listed on the...