djukic.nebojsa

djukic.nebojsa

Double top pattern is confirmed. According to its measurements, BTCUSD should drop to 5.5k in the coming months. Cryptocurrencies very often retrace to the 0.786 Fibo level which lies around 5.5k as well.

djukic.nebojsa

Two bullish daily bars in a row. Levels below 110.80 are rejected.

djukic.nebojsa

XAUUSD has touched the major trendline and rejected it. Now we should wait for a retracement, ideally up to 50% of the today's range, which is near 1271 or so. Short Gold after a retracement and set TP near 1237 which is a very logical level. There are a horizontal support, trend line and 50% retracement, all in one point.

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Gold has failed to make higher high and it formed Head and Shoulders pattern. It will probably go to 1212.

djukic.nebojsa

Price has reached 61% fibo level, but failed to stay above it. The pair formed bearish engulfing bar on the weekly chart and now it is below an important horizontal resistance. You can short AUDCHF if it drops below the ascending trendline.

djukic.nebojsa

CADJPY dropped below the long term trendline. Wait for a retrecement and open a short position.

djukic.nebojsa

Gold has just reached an important trendline and it's in a rising wedge in the same time. Let's see...

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After six red days in a row, EURGBP finally slowed down. It is now on an important horizontal resistance and bullish divergences (check your RSI) are all over smaller time frames (4h, 1h). Watch EURGBP in the coming days and wait for a price action buy signal. If it turns out that the support near 0.872 is strong and price starts to climb up, it would be worth to...

djukic.nebojsa

EURCHF has formed the double top and the yesterday's candle shows rejection of the horizontal resistance. We should short the pair if price drops below the yesterday's low. Stop loss should be above the top of the yesterday's candle. Take profit 1.5x - 2x from it.

djukic.nebojsa

The recent USD rally has lost momentum. The pair rejected the horizontal resistance near 0.995 and looks like it wants to test the descending trendline (90-100 pips drop). Place a sell stop order below the last two daily candles and wait for price to come on them. You can split your short position into two. Close the first one when price touch the trendline and...

djukic.nebojsa Updated 

CADJPY - buy in case of strong upward breakout and aim for 100-120 pips.

djukic.nebojsa Updated 

GBP looks weak

djukic.nebojsa Updated 

It seems that CHFJPY completed its retracement and its ready to continue up.

djukic.nebojsa

If the pair stays below the resistance, short it.

djukic.nebojsa

Wait for a breakout to happen, then sell or buy.

djukic.nebojsa

The pair has reached the 50% retracement which is very close to an important resistance line. It would be ideal if we can have a rejection bar on the daily chart today or tomorrow.

djukic.nebojsa

Possible price reversal. Let's see what's going to happen when USDCAD hit the horizontal support. Bullish divergence is obvious. Agressive traders can buy when price approach the horizontal support and more conservative traders can open long positions once when price break above the red trendline.

djukic.nebojsa

Rising wedge (bearish pattern), bear divergence, horizontal resistance... This could be a good opportunity to short EURJPY. What do you think?