JayanVarsani

JayanVarsani

GBP/USD has been losing steam and momentum after breaking through to multi year highs over the past few months Price has caught itself up in an ascending wedge which may break in due time Mid & long term price action expected to be bearish however price may still consolidate on the daily timeframe over the week or fortnight 2 Immediate targets have been set...

JayanVarsani

For those of you who have been following, I have been very bullish on DXY due to inflation already being priced into the market and the market being far too oversold as a result (see linked idea below for more) An inverse head and shoulders pattern has now been printed and I expect continuation to the upside to follow through this H&S pattern Price target is...

JayanVarsani Updated 

With the dollar being highly weighted and composed of the EURO (approx. 57%), and given the bullish potential of the DXY (see idea linked below), EUR/USD could see a large sell off upcoming A head and shoulders pattern has printed and the right shoulder almost finished forming therefore price is now at a critical point At this price, the head and shoulders...

JayanVarsani

See my previous idea linked below on my mid and long term thoughts on EUR/GBP as I concluded that we are in an extremely high demand zone area with very strong support Given that outlook and forecast, we now have an entry point with the 2H RSI printing bullish RSI divergence as well as the 4H also First target will be the 61.8% fibonacci which is expected to...

JayanVarsani

To my surprise, EUR/GBP support has broken down and price has fallen more than I expected In the mid-term and long-term timeframe, I still believe there is high demand for EUR/GBP at lower prices and that price will hold and reverse Given the recent DXY analysis, this further supports the case for all USD pairs selling off and GBP expected to sell off more...

JayanVarsani

An extension of a previous idea(s) on Bitcoin's future, as linked below Given a potential surge in DXY - Dollar Index, Bitcoin's crash may last longer and fall deeper than people expect CME price gaps are a strong indication of bounce zones as they work like magnets so GAP-1 is the first target Second target is the high volume zone from the second leg of the...

JayanVarsani

Dollar Index has undergone a deep and extensive sell off since Q1 2020 when coronavirus spread throughout the world After an insane amount of printing, the dollar has inflated and devalued tremendously Technical analysis indicates that the DXY has oversold and is due a reversal and correction Price action is acting very similarly to the last cycle of the DXY...

JayanVarsani

Inverse head and shoulders pattern forming on EUR/GBP Recent correction has retraced an appropriate amount with price settling at the 61.8% retracement Price expected to make its way back upwards testing the HTF 61.8% fibonacci with a mid-term target beyond that at the full 100% retracement Long positions advised with a stop below the right shoulder AND...

JayanVarsani

The 4H 50 period moving average has serviced the bitcoin run from $18,000 through past the 2017 ATH and into current record prices Thus indicating that if the 50MA fails to hold, a deep correction is highly likely and will come with high acceleration Otherwise, it is likely that price follows through to $50,000 Price targets are the key volume zones...

JayanVarsani

Gold forming an inverse head and shoulders pattern on the daily timeframe Price has touched the 200DMA and tested it yet again indicating a bounce 61.8% Fibonacci retracement has been touched indicating the potential end of the recent downturn Price expected to bounce and reverse higher in another attempt at breaking the 2020 ATH Long positions will be...

JayanVarsani

Gold price action forecasting with the ascending trend line and 4H 55MA If trend line breaks, targeting 61.8% retracement and another attempt to break back up Else, forecasting a bounce from current levels/trend-line to break the strong resistance and push further after retesting via a S/R flip Price could swing either way but if I was to choose I would be...

JayanVarsani

Ascending wedge on EUR/GBP chart with upside movement diminishing Expected sell pressure at next resistance zone with the wedge being fulfilled and price correcting before pushing further No buy positions for the move up to the resistance have been executed as risk/reward is too slim. I will await further development and price with respect to the ascending...

JayanVarsani Updated 

EUR/USD has printed bearish RSI divergence on the hourly chart Divergence was printed earlier as well however it was soon invalidated as price pushed through upwards Another attempt will be taken at a short position, targeting the 61.8% fibonacci retracement

JayanVarsani Updated 

Gold has broken out of the descending channel and reached the first major resistance zone Given the bearish RSI divergence on the 30min chart and the divergence, there is a reasonable case to open a short position Target will be the 61.8% fibonacci retracement which forms confluence with the 4H ascending trend-line

JayanVarsani

Bearish RSI divergence printed on the 1H chart 61.8% retracement before expected push higher Short position executed with a tight stop incase 3rd divergence test

JayanVarsani

Price has printed strong RSI divergence on the 1H chart and so a long position and reversal is expected Target 1 will be the 61.8% fibonacci retracement Target 2 will be strong historic support/resistance

JayanVarsani

Bitcoin has been on an insane run to all-time highs in it's 2020 bear market breakout Given the clear signs the bear market is over due to the extent and strength of the price surge, a correction may be imminent In Bitcoin's history, parabolas never ended well. Price has far outperformed expectation and parabolic price action signals a deep correction Elliott...

JayanVarsani

EUR/USD has printed bearish RSI divergence on the 1H timeframe Due to this signal, a short position has been opened with the target as the 61.8% fibonacci retracement at ~$1.219 This forms confluence with the 270MA which has been tested multiple times A stop will be placed just above the macro swing high of ~$1.228