NikaJourney

NikaJourney

Currently in consolidation after breaking out of the bullish channel. Waiting to see if RBA Gov Lowe will make the market go in favor of the Aussie later today. And then we'll see if the CPI and Trimmed Mean CPI will keep the momentum going. So prepare for some a deadly spike tonight in the US and some more spikes the later that day. I would like to say...

NikaJourney Updated 

We've been in a bullish channel for a good hot minute. From the 4hour chart, it looks like we'll remain in the channel. But there are signs that this move is starting to get a little shaky on the daily and weekly chart. So gonna keep an eye on this pair to see when the big drop is gonna happen. Otherwise, my swing trade outlook goes to the monthly SR level at...

NikaJourney Updated 

Ahhhh the consequences of moving and having no internet for several days... I missed out on this beauty of a harmonic forming and taking off. But, it looks like the move is nowhere near over. We moved past the valley peak with this harmonic and now it looks like we're preparing to move further up. A pullback may happen before the continuation through since we...

NikaJourney Updated 

With the overall downtrend broken, we're waiting for the full breakthrough or rejection of the monthly SR level to reveal price's direction. Thnk this bull rally is far from over. This week will most certainly let us know. BULL TPS: 82.783 83.230 83.598 83.992 BEAR TPS: 82.239 81.895 81.523 80.876

NikaJourney Updated 

GBP has been a fun ride since September with its bull run. And after this retracement takes place, it's not stopping. Let's see how far the pullback will be respected before we continue to shoot for the stars. BEAR TPS: 1.68932 1.66584 1.64280 BULL TPS: 1.68932 1.71170 1.75415

NikaJourney Updated 

Been in a ginormous range for a good while. Had a breakout from a small wedge within it, but that doesn't guarantee we're out of the woods yet. So enjoy the range trading for now. And yes, I did put bear tps in case the consolidation breakout heads south. BULL TPS: 8514.90 8818.06 when break out of the range... 9085.48 9494.51 BEAR TPS: 8222.74 ...

NikaJourney

We had so seriously huge moves on GJ last week. But right now, we've got to do an adjustment before continuing this bull run. And when I say adjustment, that means pullback. I already got a position trade TP in place for when this run will be over. Pullback TPs for the short are below. Let's see when we're going to keep that bull run going -- now or later. ...

NikaJourney

The bearish harmonic was activated by ANOTHER rejection of the monthly SR level. This can continue to be respected after the pullback completes itself. But notice how much this monthly SR level has been rejected. We may make it up there again. But if we do and it rejects, we are not coming back. Right now, let's see how long this harmonic will be respected. ...

NikaJourney

Gold is just chilling in a consolidating range right now awaiting the next big breakout. We've been enjoying a nice, but jittery downtrend since September. But with a wedge showing it's nearly filled on both a smaller and larger scale, we can enjoy a nice move on either end. Ler's wait and see. For now, here are the TPs I marked up for this trade: BULL...

NikaJourney Updated 

JPY is picking up a little steam for the week. We have a bearish harmonic that's gotten some respect around the end of last week. But how long will it be respected? Let's find out. You should be looking for sells in JPY pairs this week. BEAR TPS:] after pullback 107.487 107.353 107.192 106.924 106.639 BULL TPS: 107.802 108.060 108.300 108.635

NikaJourney Updated 

US30 moved some but is still stalling for the next big move. Not looking for anything major to happen until later this week. When it does, we'll know which way this thing is really going to go to start October off with a bang! For now, I THINK this teacup will remain respected all the way to market structure at 26438 at least. Or show a but-ugly range back up to...

NikaJourney Updated 

AUDCAD tried to give one more run to the downside last week but ended up stalling out and landing into consolidation. This area has a strong history of consolidation leading to reversals for the long. Let's see if that's what we are building up to this week. If not, we'll continue down to my next daily SR level and if we break through that, I'll post new TPS. ...

NikaJourney Updated 

Last week, the Head Neck and Shoulder formation was formed and technically we're still sitting at the neck. All I'm waiting on this week is to see will the pattern be respected and the bear run continues, or will he hover and return back to the monthly at 1537.30 before we know the true move? My TPs are below. Will try to update more when each one hits. BEAR...

NikaJourney

We had a nice trendline rejection last week, which would've broken the bear trend if it kept going. But we still have a chance this week for that to happen. Solid support from the monthly zone of 80.566 means we should continue for the long. We'll just have to wait and see. As always, the TPS are in place for whichever the market goes. I hope it's up. BULL...

NikaJourney

So the bearish harmonic is still being respected. A new month means new momentum is coming, so I'm still looking for this to keep ticking back up pretty soon. So I'm going to enjoy the ride until it continues on its bull run. BEAR TPS: 132.171 130.790 (weekly SR level) If it breaks and retests the weekly, I'll add new TPs for the short. BULL TPS:...

NikaJourney

I'm beginning to backtest US30 since its the hot currency pair to trade in my circle. So I'll be posting trades I am currently practicing with all TPs to get adjusted to it. As you notice, I can only trade this thing on the 4hr. moves to fast for me on lower timeframes. Consolidation happened at the monthly high. This is the 2nd time price has visited the...

NikaJourney

JPY was not in control this week as several pairs made their bull run with it this month. I'm looking for bearish moves now to correct the very long bull runs. So this will be a short for a bit. Even though we have a bullish engulfing on the monthly, I don't think it will get too much larger this week since GJ struggled with a daily SR level at 135.674. So much...

NikaJourney

The GBP is nowhere near done with its bull rally. I hope all of you were trading in favor of the GBP all this month. I gave a heads up to some family before September 1st and I hope they enjoyed the month-long ride. We have a morning star formation almost completely formed on the monthly. Looking for it to finish the bull candle before October starts. Then...