MountOlympusFx

MountOlympusFx Updated 

USDCAD LONG THESIS • Weekly: Price is now in expansion phase. Strong bullish candle broke descending trendline + 1.3100. Price in a bullish channel with price on its way to top trendline of the channel. Next target I believe is 1.3300 monthly resistance. • Daily: Price on daily is in a clear up trend with high lows being formed and ascending trendline is...

MountOlympusFx Updated 

Daily: I do see price retracing up to 1.1316 daily resistance + 0.5 Fibonacci level creating a new lower high (LH). 4hr: Once 1.1316 resistance has been reached we need to see a bit of rejection ad for that level to hold before selling down to 1.1150 for our first. target. happy trading

MountOlympusFx Updated 

4HR: After bearish break of 113.60 daily support, now need a pull back to 113.60 support turn resistance before selling down to 113.00 psychological level.

MountOlympusFx Updated 

4HR: Wait for 4hr candle closure then look for entry down to 127.67

MountOlympusFx Updated 

4hr: Right shoulder from H&S pattern sell to the Neckline.

MountOlympusFx Updated 

1HR: Once price has retraced back up to retest 0.72150, we then short to 0.7150 psychological level.

MountOlympusFx Updated 

1hr: Retracement back to orange box support then go long short term, EJ Overall is still bearish.

MountOlympusFx

EURJPY SHORT THESIS • Weekly: Price is in expansion phase and I do expect the minor bullish channel to be broken to the downside and for price to fall to monthly support 124.50. Last weeks candle closed as a pin bar at 129.88 resistance + 0.50 Fibonacci level to bearish momentum is to come. • Daily: Price couldn’t break through 129.87 4hr resistance and for...

MountOlympusFx Updated 

AUDUSD SHORT THESIS • Weekly: Price has started its retracement phase. Pair has double bottomed at 0.7050 with a hammer candle formed. I do expect price to stay above 0.7150 monthly + descending trendline and make way up to 0.7300. • Daily: As we drop down to the daily timeframe, you van see that double bottom is much clearer at 0.7050 daily support. Strong...

MountOlympusFx Updated 

4hr: Go long after pullback to grey area of support.

MountOlympusFx Updated 

1hr: Was already short this pair However we was taken out then price mad way back down so now we look for another entry. SELL on pull back to grey resistance box.

MountOlympusFx Updated 

2hr: Overall bias is long however, to be able to enter long I expect price to make its way slightly up to 1.1425 before shorting down to 1.1360 4hr support before going long from there.

MountOlympusFx Updated 

2HR: Over bias for this pair is long. However, before going long price need to find its way down to Psych level 0.7150. In order for this to happen price needs to make its way up to 0.7235 resistance (grey box) then we short down to 0.7150 psych level.

MountOlympusFx Updated 

AUDUSD SHORT THESIS • Weekly: Price has started its retracement phase. Pair has double bottomed at 0.7050 with a hammer candle formed. I do expect price to stay above 0.7150 monthly + descending trendline and make way up to 0.7300. • Daily: As we drop down to the daily timeframe, you van see that double bottom is much clearer at 0.7050 daily support. Strong...

MountOlympusFx Updated 

H1 Timeframe: SELL

MountOlympusFx Updated 

EURUSD SHORT THESIS • Weekly: This pair just like GBPUSD is in a strong bearish trend forming a very bearish lower low with price falling to 1.1300 rejecting off it and retracing up to 1.1850 weekly resistance. Another reason I believe this is bearish is because price is currently below both moving averages and is constantly respecting and rejecting off it. I...

MountOlympusFx Updated 

USDJPY SHORT THESIS • Weekly: After creating new high and rejecting off 114.00 monthly resistance, price is currently in retracement phase and pulled back to 112.00 Monthly support + respected and rejected off both moving averages as well. However, I do not think these levels will hold as last weeks candle closed slightly below the ascending trendline +...