jackmasters1990

jackmasters1990

AUD/USD on the daily chart was in a downwards trend. Looks to be in a correction at the moment with the current up swing testing previous support which would now be resistance for an upwards movement. Price should revert back to making lows however be wary that it is near another level of resistance. A break through of this resistance would be conformation for a...

jackmasters1990

CAD?JPY Forming a descending triangle on the daily chart. A formation of lower highs and lower lows suggests a strong down trend. Failed to break through resistance looks to be heading towards previous lows at a major support level.

jackmasters1990

USD/JPY Started forming a Descending Triangle around the 5th of March 2020, this is a Bearish chart pattern. The formation of lower lows and lower highs suggests a strong down trend and the trend line also suggests a downwards trend. Take profits set at major levels of support. Price could potentially bounce to resistance levels from support if no breakthroughs...

jackmasters1990

Short position here. Looks like price is heading towards weekly/daily support level. Could potentially bounce and head to resistance after.

jackmasters1990

Price looks set to continue upwards after meeting support. Take profit set to next point of major resistance.