JChampForex

JChampForex

AUDJPY has printed a head and shoulders pattern in the 4HR time frame. Previous candle just closed below the neck line and a possible short trade is on the cards. Will see if this current candle closes below the neckline.

JChampForex Updated 

GBPUSD has broken out of the ascending flag pattern and price looks to go long to resistance level

JChampForex

NZDUSD Broke out of the wedge pattern on the CPI data out of the US yesterday. We are close to diagonal resistance however I see further upside to create a new daily high.

JChampForex

GBPAUD Head and shoulders has formed with the right shoulder being printed yesterday. I expect further downside to the Fibb levels.

JChampForex

Daily Resistance level of 1.2400 was broken and I expect further bullish momentum to the 1.2600 region.

JChampForex Updated 

Possible head and shoulders formation formed on EURUSD. Head and both shoulders complete would just need a break of the neckline to warrant the set up.

JChampForex

Yesterday's price action on USDCAD printed a inside bar. We could see a trade to the upside of the short term trend resistance line. A break above that and we could have a inside bar on the weekly time frame signalling the bulls are back in action.

JChampForex

Bitcoin is currently in a long term Bull Flag. Corrections to the 50 and 61 Fibb line are text book. Still sitting neutral on this one as we could see another leg down before a break out the channel.

JChampForex

GBPUSD has bounced off resistance and 200 MA. A pull back to support before an indication of further movement

JChampForex

USDJPY currently trading in a channel within a major rectangle pattern. The currency pair is trading on support and a possible long trade to resistance before further downside to complete a 3rd touch in the channel

JChampForex

EURUSD has hit resistance and failed to break through. We have since had a daily closed below minor support and should see further downside to major support zone.

JChampForex

GBPJPY break of the wedge and trendline to the downside

JChampForex

Price reached resistance and was rejected. We now have a clear head and shoulders pattern formed on the 4hr chart. We should see a retracement to the lower Zones before a further rally

JChampForex

Head and shoulder pattern on the 1 hr time frame NZDUSD. A close below daily trendline will open more shorting opportunities to the weekly trendline.

JChampForex

Here we have 2 trade possibilities for USDJPY So for now I will wait for more confirmation. A break of daily trend line and I will go long on a retest , and for the second scenario I will go short after a retest if we have a good momentum break and close below my weekly support level.

JChampForex

GBPUSD After creating a lower high and some consolidation we have a bearish momentum candle with a break and close of the daily trend line. Target is weekly support around 1.2598