JasonSierra

JasonSierra

Inevitable big drop coming in my opinion

JasonSierra Updated 

Inverse head and shoulder formation on the daily chart. Looks identical to Cardano (ADA) before its breakout.

JasonSierra

I'm seeing Gcad have a nice fall. At a heavy resistance zone and pretty overbought.

JasonSierra

I see a down move here. Break of the uptrend sharply, nice correction, then a drop from the bigger trendline.

JasonSierra

Ucad looks to be finishing its retracement of the previous big fall for a continuation move down.

JasonSierra

Potential break and retest after the H&S for a continuation down.

JasonSierra

Head and Shoulders played out nicely and is retracing now. I see a potential big fall.

JasonSierra

Just a matter of time before this breaks out in my opinion. A nice retracement on the hourly which formed a flag. Structure to the left beginning to serve as resistance as well.

JasonSierra

NZD/USD looks to be weakening showing resistance after breaking the 15min uptrend. Couple doji's on the hourly.

JasonSierra

EUR/JPY looks to be playing out the Head and Shoulders formation. I plan to continue holding this short and adding to my position along the way.

JasonSierra

NZD/CAD broke through the uptrend it had been in for a while and is currently retracing. It is approaching a key zone that could serve as resistance. I will be waiting to see rejection at the 61.8, 78.6 or in between the two before selling the continuation down.

JasonSierra

With a break of this up trend we could see a nice fall.

JasonSierra

This pair finally looks to have broke through the 1hour uptrend pretty sharply. Correcting now and I expect it to continue on for a good while as well as most xxx/CAD pairs.

JasonSierra

Nice daily timeframe channel and price is currently at the top of the channel. Resistance (purple line) matched up with current price and the trendline as well.

JasonSierra

Gold showed a nice vortex wicking a resistance zone and now it is right back to that zone and showing resistance again. I see a nice drop. NFP week though so it could act weird.

JasonSierra

With the DXY breaking out to the upside I expect everything xxx/USD to fall. I personally like GBP dropping as well. Price action will tell but it will have to make a decision here shortly on that trendline of the side of the channel. This looks like a giant flag of chop ready for a drop in my opinion.

JasonSierra

Peso is respecting the daily trendline here then zooming in we can see 3 bounces on the 4hour timeframe off the same daily trend line. With a break of the 4hour up trend, I see a huge possible fall.

JasonSierra

GU had a nice sharp impulse breaking the 4hour trend. Right now it is in nice choppy correction then I am looking to sell this around the 61.8 fib retracement which matches up with the right side of this channels trendline as well.