Joe_Keegan

Joe_Keegan

After being range bound for a while now AUD/JPY finally looks like it is preparing to make a break. I am favouring a downside break for this pair to 75.848 and possibly beyond. i will be waiting for a breakout, retest and continuation to enter into this one which looks like it could offer a nice risk reward as well. If this market was to turn on its head and break...

Joe_Keegan

CAD/JPY recently broke a long term counter trend line only to retrace back up and find resistance at the 61.8 fib level where is has stalled and become congested whilst at the same time touching the 200 MA just short by a pip or two of another counter trend line before being sucked back down into the congestion again. this is a trade that i am already in after...

Joe_Keegan

GBP/JPY has recently broken out the bottom of an ascending wedge pattern after a false breakout a little while ago. A close below 153.687 could set up an aggressive entry opourtunity with mind to a continuation after a retest and continuation of previous support/resistance zone. The more conservative entry would be to wait for a break and close below the original...

Joe_Keegan

Non farm payroll last Friday pushed the pound slightly higher against the dollar last week however the market still gaped lower on the open earlier today. There is still weakness in the pound leading into brexit later in the month and i see a possible bearish continuation on the cards after the market comes back up a bit further to fill the space left from the...

Joe_Keegan

due to the non farm payroll pushing price above a near term trend line there is a possible bearish ABCD pattern completing between 0.73403 and 0.73912 with targets between 0.72740 and 0.72519. we are currently trading inside the reversal area but i would expect this market to push a little higher to the 1.618 extension before reversing down towards targets. as...

Joe_Keegan

possible bearish abcd pattern forming on the 4 hour. due to non farm payroll the Aussie has seen a resurgence that broke the near term trend line. we have now come up to form a possible abcd pattern and are currently trading in the possible reversal zone between 0.73403 and 0.73912. however i would expect the market to push a little higher and touch the 1.618...

Joe_Keegan

A break and close below 1.98307 level could lead to the completion of a bullish abcd pattern between 1.96631 and 1.94527 levels. For me to take this trade i would need the deeper extension to the 1.618 at 1.94527 that coincides with resistance zone

Joe_Keegan

A break and close below 1.98307 on the 4 hour chart could lead to the D completion leg of a bullish ABCD pattern on GBP/AUD. look for reversal between 1.96631 - 1.94527. For me to take this pattern I would need the deeper move to the 1.618 extension into the support zone by the trend line before considering a long position.

Joe_Keegan

A close below 0.72156 on the 4 hour chart could lead to a continuation around the 1.27 exstention of previous leg around 0.70869