DwayneHughes

DwayneHughes

STRONG DOWN TREND WITH SOME RESISTANCE AT THE DAILY SUPPORT LEVEL. THERE IS ALSO A CURRENT M FORMATION OCCURRING AT THE 61.8 LEVEL OF THE FIBONACCI. LOOKING FOR SHORT POSITION TO 1.33055. I EXPECT SOME RESISTANCE AT THE DAILY SUPPORT LEVEL.

DwayneHughes

EURUSD IS ON A STRONG UPTREND. LOOKING TO GO LONG AFTER PULL BACK, WITH THE NEXT RESISTANCE LEVEL AT 1.18074.

DwayneHughes

GBPUSD IS ON A CONSIDERABLY STRONG UPTREND. IT HAS POTENTIAL TO REACH 1.29560 I EXPECT RETEST OF THE PREVIOUS RESISTANCE LEVEL BEFORE GOING LONG.

DwayneHughes

Simple Anyalysis. GBPUSD is possible forming an M pattern on the 2 hour Time-Frame at a Resistance level that has structure.

DwayneHughes

*ON THE 4-HOUR/1-HOUR TIME-FRAME WE CURRENTLY SEE THAT GOLD IS MOVING WITHIN A RANGE AFTER RETURNING TO THE HIGHS FROM 2011/2012 TRADE IDEAS 1. GOLD WILL CONTINUE TO MOVE WITHIN THIS RANGE OF SUPPORT (1795) AND RESISTANCE (1816). LOOK FOR ENTRIES CLOSE TO SUPPORT AND RESISTANCE LEVELS TO MINIMIZE THE AMOUNT YOU ARE RISKING AND PROVIDE YOURSELF WITH THE...

DwayneHughes

*4-HOUR AND HOURLY TIME-FRAME PRICE IS CURRENTLY MOVING BETWEEN TWO LEVELS OF SUPPORT (106.715) AND RESISTANCE (107.395). TRADE IDEAS 1. PRICE MAY CONTINUE TO MOVE WITHIN THESE TWO RANGES. 2. IF PRICE DECIDES TO BREAK UP IT CAN CLIMB TO THE NEXT LEVEL 107.884 3. IF PRICE BREAKS BELOW LOOK FOR ENTRIES TO SELL TO 105.894

DwayneHughes

*4 AND 1 HOUR TIME FRAME SHOWS PRICE IS MOVING BETWEEN LEVELS OF SUPPORT ( 1.35062) AND RESISTANCE (1.36044). TRADE IDEAS 1. PRICE WILL CONTINUE TO MOVE BETWEEN THESE LEVELS. 2. IF PRICE BREAKS ABOVE THE MID LEVEL SUPPORT/ RESISTANCE IT WILL CLIMB TO WEEKLY RESISTANCE 1.36770

DwayneHughes

*AT THE 1 HOUR WE CAN SEE THAT THERE IS THE FORMATION OF A SYMMETRICAL AND WITH THIS STRONG LEVEL OR RESISTANCE AT THE TOP. PRICE IS LIKELY TO BREAK THROUGH THE BOTTOM OF THE WEDGE TRADE IDEAS 1. PRICE WILL BOUNCE BETWEEN THE WEDGE THEN BREAK TO THE DOWNSIDE.

DwayneHughes

ON THE 4 HOUR AND 1 HOUR TIME FRAME WE CAN SEE THAT PRICE IS CURRENTLY MOVING WITHIN A FLAT BOTTOM DESCENDING WEDGE. TRADE IDEAS 1. CONTINUED MOVEMENT BETWEEN WEDGE WITH A BREAK TO THE DOWNSIDE. 3 POSSIBLE TP LEVELS.

DwayneHughes

*FROM THE WEEKLY TIME-FRAME PRICE SEEMS TO BE FORMING THE LAST LEG OF A POSSIBLE W PATTERN. *AT THE DAILY WE CAN SEE THAT PRICE HAS BEEN STRONGLY REJECTING RESISTANCE LEVEL 1.35062 GIVING US MORE CONFIRMATION THAT PRICE WANTS TO GO UP. *4 AND 1 HOUR TIME FRAME SHOWS PRICE IS FORMING A DOUBLE TOP AT OUR MID SUPPORT/RESISTANCE LEVEL. BUT THIS COULD ALSO BE A...

DwayneHughes

*FROM THE WEEKLY AND DAILY TIME-FRAME PRICE SEEMS TO BE FORMING A POSSIBLE M PATTERNAFTFER SEEING REJECTION AT THE 1.3390 PRICE LEVEL. *FROM THE 4-HOUR AND 1-HOUR TIME FRAME WE CAN SEE THAT PRICE HAS CREATED A LOWER HIGH WITH STRONG REJECTION AROUND THE RESISTANCE LEVEL 1.3446 *AT THE 4- HOUR AND 1 HOUR WE MAY POSSIBLE SEE SOME CONSOLIDATION BEFORE GETTING A...

DwayneHughes

*FROM THE MONTHLY TIME FRAME WE HAVE THE FORMATION OF A W THAT HAS THE POSSIBILITY OF REACHING RESISTANCE LEVEL 1.27547 SHORT TERM AND 1.32095 LONG TERM * FROM THE WEEKLY TIME FRAME PRICE HAS COMPLETED THE FORMATION OF THE W PATTERN AND WHILE IT HAS POTENTIAL TO PUSH TO 1.27547 IT IS CURRENTLY AT A LEVEL OF RESISTANCE THAT WAS PREVIOUSLY RESPECTED(1.26266). LET'S...

DwayneHughes

USD CAD WILL SELL TOWARDS 1.33950 ZONE AFTER BREAKING AND RETESTING 1.35208 ZONE.