tomellis6680

tomellis6680

Expect AUDUSD to continue to the downside after keeping the descending channel formed, also a nice rejection from the 0.236 fib level. Target TP is .7676

tomellis6680

Hope you all had a good weekend. Recently, the USDOLLAR has been getting hammered recently skewing all i's currency pairings and in my humble opinion defying what would be normal good entry and exit points from a day trading perspective. Well, I think it might be about to have a change of direction, making me reenter the market with some reversal trades this week...

tomellis6680

Shorting from top of bullish regression channel to the 0.7440 level.

tomellis6680

Hope you all had a good weekend. Recently, the USDOLLAR has been getting hammered recently skewing all i's currency pairings and in my humble opinion defying what would be normal good entry and exit points from a day trading perspective. Well, I think it might be about to have a change of direction, making me reenter the market with some reversal trades this week...

tomellis6680

This trade I will hold until GBPUSD retests the previous key resistance level of 1.34. I will then short from the resistance level back to retest previous support of 1.33, possibly lower depending on the 4hr. Good luck all.

tomellis6680

XRPUSD looks like its continuing it's uptrend! As you can see, a nice Bull Flag has been formed with Fib level 0.386 coming in to help out with support after recent drop to 0.5578. I expect a continuation of price action to the upside using Rule 7 Calculator levels of 0.7050, 0.7600, 0.8600 as my 3 targets. The pulse indicator is still firing to the upside with...

tomellis6680

Lovely price action in the last few weeks for XRP. The commencement of the 2020 Bull Run is truly underway and I expect to see some very strong moves to the upside for XRP. Previous resistance coming in to play as support at .5650 and I expect to see us crush the upper limits of each level before the end of the year all the way up to circa .8200 - Taking profit...

tomellis6680

I feel the inability for GBPUSD to break through the 1.315 level means it looks fairly exhausted and i'm expecting a drop in the coming weeks to 1.2760 or thereabouts. If it wasn't for the USD being tragically weak at the moment i believe this would happen sooner rather than later. The UK economy is officially doomed for now, the US not so far behind. Lets see how...

tomellis6680

Parabolic moves like this only end one way and thats a sizable retracement.

tomellis6680

Let’s see if it breaks lower

tomellis6680

Interesting to see if it can break out to the downside.

tomellis6680

Simple pattern repetition here, but as you can see, after each major move to the upside there is a prolonged period of downside. I can't ignore it and feel in the current climate (COVID) 'fundamentally' there is little to send us higher - maybe FOMO will kick in, but i fail to believe retail investors will risk precious cash and throw it in to XRP. Banks aren't...

tomellis6680

I’d like a valid reason why NOW is the time when we think XRP can break this long term barrier and push higher? Whilst we are impending doom from an economic stand point, when retail investors are short of cash, banks are broke so on and so on.....I’d like some input as to why NOW is the time?

tomellis6680

As per the subject, another indication of my reasoning of setting up a short on FOREXCOM:GBPUSD . Stochastic indicates very overbought also - good luck all.

tomellis6680

After a decent steady rise of GBPUSD, I think the rally is out of steam. My reasoning for the GBPUSD rally was a correction in the USD Index rather than fundamentals for GBP being strong. Shorting down to Fib level 0.236 @ 1.2640

tomellis6680

So it's been an interesting few weeks. I've been quite impressed with the price action and the strength the bulls have garnered - seems to be retesting the .2830 mark which symbolises the 1.618 Fib level. I believe once this level is broken and we receive confirmation that the next move is bullish, then the next stop is .3250. This price movement is very bullish...

tomellis6680

A nice bull flag formed in side the trading channel previously post. Not retested the support line @ .2340 either and WELL above the 200 MA. The most positive thing about the price action is it's ability to hold on to the price rise, then consolidate. Haven't seen this kind of price action for a considerable time. Bull market underway......I can see us nudging...

tomellis6680

Hope you all had a delightful weekend, I've eaten too much as it was Super Bowl Sunday.....as a Brit living in the US, my knowledge of football is horrible, however it's a darn good excuse eat! On to numbers....We're looking at the 4hr chart which shows a very nice bounce off the Fib level 0.236 @ 1.3550 - i can see us trading in the range of 1.3550 1.3209 for...