JoshL

JoshL

Just an update on the previous post - price is getting close to the area I marked for a possible short... Not as well this is also a 50% retrace of the recent move down as well as a key resistance level. I will be watching the Daily for a sell signal around here.

JoshL

We had the bounce up from the previous short I posted, and now we have just broken the Res area... Question now is, will it stay above this Sup/Res area or fail and fall back to it's previous Sup area??? Will be watching this today on the Daily and 4h to see if there are any signs of weakness in the pullback to the new Sup area. If so, we might get an...

JoshL

This is the Daily chart relating to the previous post. Looking to Buy from this Sup area. (See previous post showing Monthly chart)

JoshL

Oil has reached a monthly Sup area around 74.00-75.00 and it appears to be holding at present. Note the multiple inside bars on the Daily chart as well that has broken to the upside... Ideally I would like to see a Buy signal on the Daily to go long.

JoshL

Silver broke Sup a while back and has now almost retraced to that breakout area... I will be looking for a sell opportunity around this Res area on the Daily.

JoshL

Im updating my view on the EUR - still looking for a Short opportunity around the 21ema which is also at a minor sup/res area and in line with the trend line. Good confluence basically... IF we get a price action sell signal there ( like a pin bar for example) on either the Daily, 4h or 1h I will look to sell. If we break to the upside and we bounce off the...

JoshL

This is an update on the previous NZD chart I posted. I have decided to wait for price to retrace to the Res area above and look for a sell signal there instead. This seems more logical with a better R:R as well. Again 2 entries - Part 1 aims for 1:1 with Part 2 taken to BE, then Part 2 will run to Sup below and maybe beyond depending on price action...

JoshL

This pair is still heading up and I will be looking to go long should a deeper pull back with good price action present itself. Ideally, this would be around the 21ema on the Daily with a view on the 4h/1h to get a better entry, also off a price action signal.

JoshL

Looking at the Weekly chart, the trend is still up... I will be looking for a buy signal on the Daily in the next day or two. Need to see if price will bounce off the trend line (Daily) which should be where the weekly 21ema will be at (more or less). This was also a recent low/sup are marked with the dashed line.

JoshL

Im looking for a retrace of Friday's Pin ( about 50%) with a sell signal on either the 4h or 1h... 2 Targets marked. Will move Part 2 to BE when we hit target on Part 1 (1:1). Will see what happens when we get to the Sup area marked below. Might get a bounce or a breakout lower.

JoshL

Looking for a pull back on the Daily to to breakout area we had on Friday's candle... Will look for a 4h or 1h price action signal to go short if the Daily does not provide one. If it breaks to the upside instead, there is a possible bounce off the trend line/short tern res area marked with the dashed line.

JoshL

Looking at the 4h, price came down and bounced nicely off sup, then made a second attempt to break. However, I would like to see it actually break/pierce this level and get rejected a second time to be sure... Initial targets are marked on the chart. Lots of white space to fill to the top, so anything can and probably will happen here.

JoshL

Trend is down on the Daily. Price came back up to the 1.46000ish area and it looks like it will bounce of that area plus the trend line... Keeping in mind NY just opened a few min ago, I will leave this one till EOD to be sure. If it breaks to the upside, new plan.

JoshL

This pair had a good run to the upside, but what goes up must come down again at some point... I figure previous res now sup is the first area to look for buy signals, failing that, the next area would be around 143.160ish (also the 78.25% for confluence). But, if price breaks below that, then I will adjust my view accordingly.

JoshL

The Daily trend is still down at the moment... Im looking for a retrace on this pair to one of the areas marked on the chart where I will be watching for a short signal, preferably on the Daily, with a view on the 4h and 1h for a better entry price if possible. Target is somewhere around the 1.23000 area. Need to give this a bit of time to hit one of those...

JoshL

I was looking at this one on the Daily actually... Now considering a short on the 4h if we get a good sell signal around the same res/trend line area. Expecting a bit of a bumpy ride down, but I would aim for a first target around the 61.8% area and then down to the bottom trend line, chasing it with a trailing stop behind the swings. Not sure yet if this is...

JoshL

I have been following this pair for some time now with a weekly view of it heading back up... this week I found a good entry point right at the lows on the 4h chart. I had 2 positions on this, Part 1 already hit 1:1 and I have moved Part 2 to BE for a free trade basically. I have an initial target for Part 2 as shown, but will be moving that higher as Im giving...

JoshL

Price has broken down and seems to have found temp sup around 1.5600. The trend on the Daily is still down at this stage, so I will be watching for a price action signal short on retrace to roughly the 50-61.8% Fib, which is in confluence with the low of the candle I marked... It might even push higher than this to around 1.5900ish and I will look to sell there...