Wynloots14

Wynloots14 Updated 

After a long bearish trend the pair has signaled a change to the bullish side. We see a inverted head and shoulders pattern develop on price action and there is strong divergence from Stoch and RSI indicators. When looking at the "commitment of traders reports" (published every Friday) there is a strong change for the EUR and also on volume indicators. Trend lines...

Wynloots14

GBPCHF reaching structural support on the weekly timeframe. A strong impulsive move signalls a turn to the upside. Price is currently consolidating and a TCP is forming on the lower timeframes. Enter as appropriate. When price breaks the long term trendline, wait for consolidation before entering. This is not financial advice and is merely my opinion. Trade responsibly.

Wynloots14

The dollar is coming to the end of a bullish run towards the last Q of the year. many major pairs hitting structural points. The USDJPY has reached the long term channel resistance and all indicators are exhausted and showing over bought conditions. Only down from here. Watch for a minor break of the trendline to signal the downward momentum. A break of the long...

Wynloots14

The chart annotations say it all. Long term trade on this pair. Looking for some bullish momentum going into the new year. Disclaimer: This is not financial advice and merely represents my own opinion. Trade your own plan. Good luck

Wynloots14

The chart analysis speaks for itself. We will trade to the bottom of the channel with multiple entries and look for a longer term buy at the bottom. Disclaimer: This represents my opinion and is not financial advice. Trade your own plan. Green trades!

Wynloots14

Following the rate hike, the CAD has a tailwind and is moving like clockwork inside a descending channel (use the daily time frame to identify this). I have multiple entries trading on the interest rate hike momentum and there is another promising entry developing inside the bearish flag. There is long term bearish momentum here, so use a wide stop and you'll be...

Wynloots14 Updated 

We've been trading this pair for a long time and a great setup has formed for a long term bullish move. Enter now for more risk or wait for a bullish impulse followed by a trend continuation pattern to the upside. FYI, the big gains come from identifying these long term setups and trading them in the long term. However, many short term setups present themselves...

Wynloots14 Updated 

As mentioned in other posts, the JPY crosses are getting ready for some good bearish gains. I thought I'd post a heads up idea for CHFJPY because it still has some legs (anyone following USDCHF??). Not anticipating the big move just yet. Wait for price to reach the upper limit of the flag for an aggressive entry or wait for an impulsive break of the trendline...

Wynloots14 Updated 

I have been trading this pair for quite some time and want to share some technical analysis. For the fundamental followers, Barnier, David Davis, Theresa May et al. are doing their part in the background. The analysis goes back to Brexit and shows that we should be expecting a period of bearish momentum for the next few months. I annotated some analysis and key...

Wynloots14

The long term direction of this pair is bearish. We have been trading the bearish flag for a while. It broke structure but the break was not convincing and is retesting previous structure levels. This is a good entry for low risk trades to the downside. Depending on your risk appetite, trade aggressive with entries now, or wait for a bearish impulse followed by a...

Wynloots14

The JPY crosses are looking good for some bearish entries. In particular, the EURJPY and CHFJPY are looking good. The EURJPY is set for strong bearish movements however, the flag resistance is yet to be confirmed. I am going to enter aggressively with a stop above the dotted line. Alternatively, wait for confirmation with a bearish impulsive break of the trendline...

Wynloots14

We are at a very strong selling level over the long term. We will always be a seller at the level as indicated unless the pattern is broken to the upside. Be aggressive and enter now for least risk or wait for an impulsive breakdown and trend continuation pattern. Disclaimer: This is not financial advice and represents my own views. Trade your own plan. GL

Wynloots14 Updated 

Following the firing of finance minister Gordhan, this pair took a leg up and broke out of the bearish channel. We see a strong impulsive move followed by consolidation. I have been waiting for a good entry and it looks like we'll get it in the next week. I am anticipating large gains from this trade. Wait for the indicators to move in your favor and enter in the...

Wynloots14

The flag was extended in a bearish channel that stopped out my previous trade. However, the structure is still sound and I am entering long on longer term structure. The structure determines the overall direction but will take a long time to reach the top. There will be many trades on the way up. Disclaimer: Not financial advice, trade your own plan.

Wynloots14 Updated 

After my previous trade was stopped out by extended ranges, we see this pair coming up to the weekly flag. Watch price action for impulsive moves to signal the bearish trend reversal.

Wynloots14

A great example of why I'm not keen on trading trend continuation wedges. If price extends it leads to a flat channel or, in extreme movements, flags. I have been watching this pair (also look at GBPCAD) for signs of reversal at the upper wedge resistance, it came earlier and quickly reversed to extend price on TM's announcement. two ways to trade this,...

Wynloots14 Updated 

The channels are very clear on the daily time frame. This pair is set for a strong bullish move to the upside of the bearish channel. We can see that the trend revesal wedge has been broken and is testing previous levels, low risk for good R/R. Not financial advise, trade your own plan

Wynloots14 Updated 

Low risk trade at the top of the bearish channel. Nice impulsive bearish move on the lower time frames signalling a change in trend to the downside. Putting on two trades as indicated for short & long term. Not financial advice, trade your own plan.