Jamal_Whyte

Jamal_Whyte

We can see that we had a pullback into previous support and the psychological level "0.7100" Higher highs and lows were formed but recently we have breached the last recent low, sellers should now be present within this bearish trending market.

Jamal_Whyte

The GBP/AUD pair is starting to move lower in line with the dominant medium-term downtrend after a positive assessment by the Reserve Bank of Australia (RBA) lessened fears they would devalue the currency. This Bearish setup was taken after the clear rejection shown on the 1H timeframe of resistance above, taking a clean 1:2 Risk & Reward

Jamal_Whyte

Showing a clear retest of previous support, Oil has shown consistent lower lows

Jamal_Whyte

This is a very simply setup, we can see that previous resistance has turned into new support, with a Bullish Inside Bar forming on 4H. Potentially we should see buyers take profit at the last high formed which would give a clear 1:1 and Others maybe aiming for "106.00" as their final take profit

Jamal_Whyte

Shorts have been triggered on this pair, please refer back to previous post. We can now see that 'Nzd/Usd" had a pullback for a couple days now giving sellers another opportunity to jump in on the down trend. We have seen support at "0.7100" now being tested as possible resistance, more confluence was given as a evening star formation did form and price has...

Jamal_Whyte

We have seen consistent "LH & Lower Lows" form and our bias still remains bearish, we can see a clear break of the trend line but it is best to wait for a retest, this could easily become a false breakout. Resistance is set around "0.7700" and support between "0.7500 - 0.74500"

Jamal_Whyte

Confirmation was on the higher time frames but a pin point entry was taken. The previous Daily trend line was broken then we saw price retrace giving traders a great opportunity to sell. Indecision has been evident on "4H" as we can see on the smaller time frame we can potentially see a break out to the down side

Jamal_Whyte

Bullish momentum has final come to an end we can see clearly that a 'Head & Shoulders" pattern has potentially formed. A huge engulfing bar was made on the daily timeframe showing traders that sellers were now present in the market, with a a nicely formed engulfing and pin bar on the "4H" chart i decided to short this pair, we can see previous lows being violated...

Jamal_Whyte

With price creating a small pullback after Fridays bullish move we can see that "Dax" is potentially heading towards previous highs at "10700" This trade is a simple intraday move and was triggered due to price action, a break and retest creating higher highs and lows.

Jamal_Whyte

With This pair consolidating we potential have a setup to go short on the New Zealand Dollar. We can see clear rejection of resistance at "0.7300" with sellers coming in the market around this area. Targets are set at "0.7100" and under

Jamal_Whyte

Just a quick look at this pair we can see that price reached support at "130.00" creating a bullish 2 bar formation also with a clear bounce. The move on the lower timeframe will show an intraday breakout to the upside with buyers targets at "132.75" Long term we should see price reach "134.00" unless this is a false break which would make this move invalid.

Jamal_Whyte

"Gold" currently is looking bearish, We can see a H&S pattern that has formed with a clear retest of the neckline which has failed, a break under "1332.00" will make this move valid. We could potential look to the left of our chart and aim for significant lows to take profit

Jamal_Whyte

After the tight squeeze on lower time frames of price and finally the break of its most recent low we can see that "Nzd/Usd" has broken out to the downside, this trade was executed due to the break of Wednesdays daily candle a simple 2 bar setup. We have major resistance at "0.7300" while price is under traders should look to go short on any sign of strength,...

Jamal_Whyte

After the release of news yesterday we seen the U.S Dollar move lower surrounding speculation and uncertainty. I have broken down this pair looking at it long term and we have two scenarios 1. A possible rising wedge, a break of support "1.2900" and we will have a clear bearish continuation with sellers looking to break "1.2500" and then attack "1.2000" 2. We...

Jamal_Whyte Updated 

Referring to my previous post of the 19th September 2016 Price finally reached my take profit spot on, we then saw a retracement back to our support zone giving traders another chance to take some or more profit off the table. Targets were set at "1320.00" but after we seen a break of previous highs and a retest, as noted buyers should now be aiming for "1325.00"

Jamal_Whyte

The "Euro" put in a Shooting Star candlestick on a test of resistance against the British Pound. We could possibly be looking at a bearish move.hinting a turn lower may be ahead. A reversal here may give us a right shoulder with will then proceed to give u a "Head & Shoulders" formation which began from around late June. The current setup that is shown is a simple...

Jamal_Whyte

Among the ECB speakers due out over the coming days, President Mario Draghi’s will have the most impact this coming Thursday. Last week we seen this pair basically move sideways, with no direction and then finally broke out to the downside. Overall I am bearish on this pair, during the London open we seen this price retest the "1.1200" area, which allows those...

Jamal_Whyte

This move was taken due to analysing price action and the momentum of the market on the (4H) chart we took a 2 bar setup that was actually at support. We could potentially see price move down to Support at "1.7100" I currently have a trailing stop loss to lock in some profit if price moves against me.