WILL WE CONFIRM THE BREAK OF 74.600? IF SO TARGET OF 1.73.600
Good evening and happy holidays from the UK. I am currently looking at the Daily timeframe. Here are my confluences on this short sell -Yen Index (JXY) chart has a new double bottom anticipating Yen strength -After the counter trend line break we have creating swing highs and has failed to break through my weekly resistance at 84.300 -The weekly had two...
-WEEKLY 61.8% FIB RETRACEMENT -WEEKLY GRAVESTONE DOJI -DAILY LOWER LOWS TESTING EMA AND LOOKING TO CLOSE UNDER MONTHLY RESISTANCE. -DAILY RSI OVERSOLD -H4 TRIPPLE TOP
Weekly Timeframe - Very Bullish Closure Daily Timeframe - Break out of an Inside bar/Mother candle formation & counter trend line break First Target 70 pips away, Im looking for a swing high. Could we see 85.00? then 86.00? I think so.
Good morning from the UK, as a intra day trader I look to take profits out the market each day, Therefore I study the Daily timeframe regularly and execute on the 4H timeframe. On the daily I have a shooting star form on my daily purple resistance. also on the daily timeframe I have last weeks closure test my golden ration fib extension, any great sign for bearish...
USDJPY EXUASTION SELL TRADE 111.300 FIRST TARGET PRICE CURRENTLY AT 112.000 GREAT PSYCHOLOGICAL LEVEL. NOT TO GO INTO THE TECHNICALS ON THIS ONE AS MUCH JUST SHARING ONE OF MY FIRST TRADES GOING INTO NEXT WEEK.
Good evening from the UK, follow me on Instagram @travis_duncz always happy discussing the charts and trading in general. Doing this article quite differently today. Not going to discuss how I've come to my bias for once, but the chart I've posted talks for itself. Looking back over Q1's articles and you will see I enjoy studying these charts. It becomes an art...
Good afternoon from the UK. Being a Sunday I like to do a Top down analysis looking at higher timeframes at first. Now the first week in April we have had a Hammer form after a bearish weekly closure previously. The hammer has used my weekly key level as a level of support closing above it with price rejecting the region below with a long tailed wick. As you can...
Good morning from the UK. Keeping this one short and sweet, I caught a 50 pip retracement this morning however with a heavy bearish closure yesterday and signs of the dollar strengthening with non farm payroll figures looming I see this a possible Fibonacci reversal to the downside breaking through my trend line on a fourth touch. !.3000 is a strong physiological...
Good evening from the UK EURNZD let's talk about these currencies individually. New Zealand Dollar has been plummeting the past week with multiple NZD pairs on the decline with mo sign of slowing down. Again similar scenario with the Euro as you can see in this pair with multiple swing lows respecting the downtrend trendiline. Now rules of a trend line today on...
Good evening from the UK as you may have seen on my Instagram story (travis_duncz) I entered short on this pair. CADJPY for the month of March we have been in a downtrend. I have a had a breakout of a trend line with a strong bullish candle on Monday April 1st. However i see this as a false breakout. Many traders would presume the momentum would of continued to...
Good evening from the UK. Being from the UK the embarrassment I feel from our government is unbelievable! Oh well, we may aswell capitalise from their stupidity. Strong words but who cares, I'm here for the pips. Now in a time like this where there is a lot of heavy fundamentals (economic data) that could affect bias' lets not start with that. Ultimately ALWAYS...
Good evening from the UK. Its been a while since I've posted a trade on NZDCAD. Reason being the price was moving sideways for a considerable amount of time. 0.9100 was acting as a Physiological key level which was rejected a break above for around 2 months. the previous restiance has beeb broken and is now acting as a support barrier for the pair. We have now...
Good evening from the UK. Now what do I see? We have had the perfect downward trend channel. This analysis is part 2 of the first article written 7 days ago. (see link below.) My inner trend line was touch to the T! with a nice rejection on the 4H timeframe. With Dollar index gaining strength and the Euro looking week could we see another swing low the the...
Good evening from the UK. Again thanks for all the follows on Instagram @travis_duncz & views on Tradingview. Now what do I see. keeping this one quite brief Price has dropped beneath my weekly trend line on 31 December which was a third trend line touch and break as you know we expected and saw a retest on 01 march, showing 2 months of uptrend momentum the...
Quite simply this chart speaks for itself. I have a inverse head and shoulders with a weekly key level (turquoise line) acting as a neckline. NFP last friday saw short term weakness and possibly into this upcoming week. A hanging man at the top of a uptrend could ee price fall to the downside 60/70 pips test the neckline before seeing another swing to the upside...
It's been a long time since trading this pair. But I've decided to do a weekly breakdown of the pair. We have a had a weekly strong bearish closure with price breaking out of a consolidation range in which are my two navy blue monthly key level. I have had my 3rd trend line touch of my white descending trend line. This also eventually hit a -27% fib extension on a...
Afternoon from sunny Spain Marbella today, decided to have a well earned break but the Sunday setups never end if this is the way we aim to make your living. As we can see from the all time recent highs from the pound last week, this week we have had the bears counteract and push price all the way back down to where we began the week 2 weeks ago. The pass two...