mhutnick87

mhutnick87

Candle sticks on the 15m timeframe are showing exhausting but 4 hr candle sticks showing heavy bearish engulfing. It is currently hitting a major support at 1.227. If it breaks then i see continuation fall and if it bounces i see a rise to the resistence and major downward trend line. Also, keep in mind the FOMC is coming out wednesday which will make this pair...

mhutnick87

Daily and H4 timeframes showing a possible fall until H4 (Green) support line which then possbile big uptrend based off strong Weekly support line and Bullish engulfing candle stick formation. Keep an eye out for UJ. This is a good opportunity for a short fall then a huge continuation of an uptrend.

mhutnick87

Long until hits resistance downward trendline at 114.41. Strong support with weak JPY.

mhutnick87

Potential long if the price breaks past the resistance and closes above. I would escpeically make a strong buy if i see a re-test on the 4 hour chart and see other conflunces such as bullish engulfing pin bars, already see a wedge in place, etc. i will wait a couple days and see what happens!

mhutnick87

Currently in a up trend momentum. Looks like it will fall to hill support. If price falls to overall support of ascending trend line then i am all in, but waiting to see if price will break small resistance. Everything is charted with possible directions. I'm waiting for more confluences: Pin bars Flags Wedges Head & Shoulders Double Top/Bottom

mhutnick87 Updated 

Price has hit the resistance level 3 times with out breaking through. If the candle closes on the 4 hr below resistance with a bearish engulfing candle pattern i am going in for a sell entry. Lets wait and see what happens. Watch for patterns and pin bars.

mhutnick87

Right now i see a wedge pattern. If price breaks above and closes with a retest then i will make a strong buy. Overall its in a major ascending trend but currently looks like price should fall to the major ascending support line. I will look for more confluences before i make a decision. Ultimately i am seeing a long sometime with a fall for a couple of days...

mhutnick87

For scalping purposes i will make a short when i see a good entry on the 15m chart until it gets closer to the overall major ascending trend line. if price bounces off the ascending trend line and closes upwards i will buy. Until then, i will make a scalping sell then wait for a good buy soon. Chart Patterns i love: Pin Bars H&S Wedges/Flags

mhutnick87

Based off the daily,4 hr and hour time frames, there is a strong resistance ahead. Major ascending trend line on daily. Overall minor and major ascending trends. I am going to place a buy once a candle closes above the strong resistance line.

mhutnick87

GBP has been falling pretty hard lately with brexit talks. It is currently in a minor descending trend. It has hit a support line and i see it rising for maybe a day until it will fall further to the major ascending trend line. Once i see the it gets close to the ascending trend line then i see make an entry based off conflunces and if the Dollar is be weak for a...

mhutnick87

Price action broke the trend line and retested. I am waiting for candle close for confirmation for a continued downwards momentum. Lets see and wait for an entry.

mhutnick87

I see a Head and shoulders pattern forming in a descending trend now on the Daily and also 4H chart. Once it breaks this minor trend line i will make a short position for it to complete its H&S pattern.

mhutnick87

On the daily chart, you see that it is in a falling momentum. but on the 4H chart, you see if the upward momentum does not break the trend line then further continuation is happening. I believe it will break the ascending line and start to fall soon. Keep a close eye for the break, retest and fall soon.

mhutnick87

I am skeptical about shorting because i am unsure about how the USD Strength will be and will the rise and newly appointed governor that made the NZD Spike. I expect a small pullback from the major descending trend line. This pair has been consolidating for some time. I will be waiting for more confluences before i make an entry for a short or long.

mhutnick87

GN has been falling pretty hard lately. It now has hit a strong support and also is close to the support of the major ascending trend line. Looks exhuasted with candle sticks consolidating in the 15m lately. I believe a long is coming soon. I will make a buy entry once i see a Higher high and higher low form

mhutnick87

Why long? because i said so. Long term buy trade. Hit support on ascending trend.

mhutnick87

AU is in a overall ascending trend. Price action is near bottom support of ascending trend. I believe its a buy for a long term trade. If it hits my resistence line and breaks, i will see an upwards momentum.

mhutnick87

Waiting to see what happens when current price action does against the major ascending trend line. If bounces off, it will continue upwards. If not, and breaks through past the Major ascending trend line and also the major support line, then i will make a short.