jjohnsonjai

jjohnsonjai

GBP/USD has repeatedly attempted to break through the resistance level (around 1.3229) since July of 2018. Similally to my my post on EUR/USD, (I posted a link to it.) I am waiting for this pair to make its way to the top of the range it is caught in. Here is the weekly where you can see the clear downtrend. This is my reason for waiting for the short. That...

jjohnsonjai

Newest trade setup involves waiting for EUR/USD to reach the top of the consolidation where is will most likely be met by strong resistance. Here is the view from the weekly chart. Here you can more clearly see that the overall trend is bearish. I could open a trade to ride to the top of the consolidation but the R to R is not good enough since I would need...

jjohnsonjai

In my trading I typically don't use indicators or let them influence my decisions. However in this trade setup I used Fibonacci to help give me a general idea of how Support and Resistance was on this chart, it lined up quite well. Because of this I placed an order near the most recent low. (The entry is the blue dotted line) Price reacted very violently the...

jjohnsonjai

Due to this pairs history, I appears that the current price was once a support, but now it has transitioned into a resistance. The price resistance is being retested.

jjohnsonjai

Short at resistance.

jjohnsonjai

2x Risk/Reward High profit probability Low risk.

jjohnsonjai

From current price action, I see EURUSD being controlled by Bears. However in the short term I see a retracement that will last maybe a week.

jjohnsonjai

I marked the differnt Support and Resistance levels. From what I see, Bears are are in control of price and push it through each Support and Resistance level. The area I highlighted shows price retracing upward, and then failing to break through the Resistance making it a Support once again.

jjohnsonjai

Defined Resistance level. Also price continue to move in a flag pattern before falling.

jjohnsonjai

Starting in December 2017, AUDCAD saw a change in trend. What was a strong downtrend quickly turned around and became a clear uptrend. Within the past few months, the serious of Higher Highs and Higher Lows is an obvious sign of an uptrend. Take a look at this as well: So far, we have: Higher Higher ad Higher Lows; a clear and easy to understand idea of...

jjohnsonjai

EURGBP, is currently at a price zone that has been seen as both a support and resistance level within the last year. Which will it be used as now? We can get an idea once we see the open of Sydney session and maybe wait a couple days to see how price reacts to this level.

jjohnsonjai Updated 

The previous EURCAD trade that I open was a successful short. I believe price will retest the level that EURCAD was sitting around before it retested and dropped. To have a reference of what I am referring to, see my other post here: Once you review the previous post, look back at the current chart and notice the subtle reactions that price is having in the...

jjohnsonjai

(I apologize: this was meant to be posted days ago but I accidentally made it a private post. But here it is. Entry has been changed from original post.) I found this trade with opportunity with the help of sEthan62442 www.tradingview.com Upon opening the chart, as always I first look through the 1D chart to collect whatever details I can about the trade and...

jjohnsonjai

USDTRY has been constant uptrend for several years. The current setup we have no has appeared many times in the past.

jjohnsonjai

EURCAD has been in a solid uptrend for quite some and has once again reached an area of resistance that was failed to break in January 2016 You can see that here: 1D Time-frame bullish indications: 12H Time-frame bullish indications: 6H Time-frame bullish indications: 4H Time-frame bullish indications; Finally you can see a much larger picture of how...

jjohnsonjai

Easy to understand trade. Obvious area of resistance. Most often than not, price will fail to break through resistance. Low risk of 30 PIPS. April 2017 November 2017

jjohnsonjai Updated 

Inspect the chart's past of the price zone and you will see multiple occurrences of sharp, aggressive price action dating back as far as 2005. There is buildup of high resistance stopped countless attempts and rarely successfully. RSI is also reading that the pair was overbought.

jjohnsonjai Updated 

When given the correct signal, a decent long trade could be made.