SJC-Trading

SJC-Trading

EUR/GBP is currently correcting nicely back into a resistanc level. Entry on a double top for continued shorts. The only issue with this trade is both the Euro and the GBP are very weak at the moment. Most likely wont be taking this one!

SJC-Trading

We are looking at continued shorts for EUR/USD. In order to enter we will look for a larger correction to confirm continuation to the down side. Updates to follow

SJC-Trading

Sterling had impulsive move ower yesterday following the break back below the covid low. I set a sell stop order this morning following the break of the bear flag. I was just tagged in by the wick in the 7am candle. Hoping to be abel to trail SL to BE prior to NFP later today. First 'inflection' level is 1.1024

SJC-Trading

Folllowing the last few days rally, yesterday we saw a nice double top / rejection of the 1.000 level. Price has since given a nice push away from that level and has been correctiing since mid day yesterday. Now looking for price to break that correction and continue short

SJC-Trading

NAS100 looks to be setting up for a move to the downside today. 3rd touch on the larger correction has given a nice push to the downside. Price is now forming a nice bear flag on top of a previous resitance level. For entry we would like to see a nice break of the current flag, which will also be a break of the now support level. Sell stop order will be set...

SJC-Trading

Not a specific trade idea. However, it is somethign we are keepig an eye on as price creeps closer to a key level. Ideas to follow

SJC-Trading

Double top from the previous wick rejection level, combined with a nice 4th touch on the correction. The double top doesnt have to be exact and neither does the 4th touch - just make sure to wait for confirmation price is rejecting the level

SJC-Trading

Price has rejected a key resitance level & third touch strucure. Moving away in an impulsive manor which is a great sign of continuation. We are now waiting for a tight bear flag on the 15M time frame. If this occurs we will look to set sell stop orders upon the break of the flag.

SJC-Trading

Double top & wick rejection. I may have set the sell stop order a little high on this one but I will let it play out now. Result to follow

SJC-Trading

Our bear flag continuation idea is no longer valid after the US Manufacturing PMI data proved to be bullish for EUR/USD. We are now eyeing up a double top with a clear indication of rejection from the 0.98500 level.

SJC-Trading

Price has broken the channel in an impulsive manor, whihc gives a strong indication of a move to the downside. Unfortunately price didnt reach our target of 0.98500 before the move downwards. But we do have a second entry opportunity. Waiting for at least 6 15M candles to create a nice pull back/15M flag. From there will will set a sell stop order of...

SJC-Trading

EUR/USD pulled back nicely into an area of value in the later portion of last week. In the process creating a nice 3 touch structure into resistance on the 1H level. We are now looking for continuation to the downside in this pair. A 1H double top, with a nice engulfing candle will be enough for us to enter shorts on this pair. Alternative entry is a break...

SJC-Trading

Short term relief over the last 2 days has seen EUR/USD rise roughly 3%. However, we feel this may present a great valued short before winter kicks in accross europe.

SJC-Trading

As expected, the DXY has begun to drop off - giving decent corrections accross USD pairs. Be patient - wait for the set up. It may be early next week before AU shows its hand

SJC-Trading

AUD/USD has continued to drop heavily this week. However, before entry we would still like to see a larger correction. Wait for a larger correction, nice rejection on the third touch, and a 15M engulfing candle for entry.

SJC-Trading

Yesterday saw EUR/USD create a new low. We are still waiting for that larger correction before entertaining the idea of a short entry. Be patient, wait for the set up to come to you.

SJC-Trading

AUD/USD had a very nice break, close and retest of the 0.6700 level, followed by an impulsive move in price downwards. Since then we have had a nice 1H correction, which now looks to be shaping up into a larger 4H flag.

SJC-Trading

SP500 & the NAS100 are in very similar positions. You guessed it - We are currently waiting for a small correction before looking to target that June low. Previous lows tend to be a "magnet" for price and we expect this low to be reached by the end of this trading week.