Jai30

Jai30

CADJPY has formed an obvious Head and Shoulders pattern on the 4H chart at the resistance level of a descending trend line and also at the horizontal resistance level of 83.650 and currently closed for the weekend on the neckline of the pattern at around 83.400. I am anticipating this pair to fall around 240 pips to 81.000 level where the descending trend line...

Jai30 Updated 

A top down approach on this pair starting from the weekly timeframe shows some manipulation over the past 4 weeks. Bullish and Bearish over with no real advancing movement. The price has closed bearish on the weekly again after being rejected from the weekly resistance. The daily shows a bearish candle with a long lower wick but no where near being a pin bar...

Jai30

I have previously wrote about the S&P500 and which level I anticipate it will reach and then fall from. The price is reaching this level and if you look at the chart, a bearish pinbar/gravestone doji (at the time of writing this) is forming perfectly on the weekly time frame in line with this level. Also look at the head and shoulders pattern forming. We all...

Jai30 Updated 

Looking at the key levels within the gold chart, 1304.000, where the price is currently at and forming a bullish pin bar, along with the MA and EMA crossing and gold having rejected the previous key support of the 1295.000 level. Those areas of confluence all align to signal a bullish move. We have bullish rejection from the previous key support level, MA and...

Jai30 Updated 

After a strong bullish run, this pair hit a previous resistance level of 1.34500. At this level the bulls were exhausted and the bears took over. A trade I entered and profited from. Anyway, the pair fell further and into the weekly support zone and 4H support zone of around 1.33000. this level also happens to be a 50% fib retracement level. Now zoom out on...

Jai30

I analysed this pair last week and predicted a strong bullish move and within hours, that strong bullish move occurred. I missed this trade however, I then was cautious of the 1.33000 level due to price being rejected from this level in the past and recently. I therefore missed this opportunity to get the next 150 pip move that occurred. However, looking at the...

Jai30 Updated 

A top down view on this pair shows a strong bullish weekly close. The daily is the same, the 4H shows a pinbar rejecting the Moving Average (MA), and also the bottom of a support zone of 111.800. The 4H closed for the week as a bearish candle and did not push past 112.000 and close above it and was rejected from this psychological level. I am anticipating a...

Jai30

After a strong week for GBPJPY with some Brexit news driving the pair higher, the price has reached a weekly resistance, the yellow line. This pair to me is looking like a bearish retracement is imminent. The weekly candle shows an upper wick rejecting 148.500 level and the daily shows a doji followed by a grave stone doji at the weekly resistance level. Buyers...

Jai30

USDCAD is simply bullish. Look at the over all and clear up trend. We have just come to the end of a bearish run from the ascending resistance and have finally tested and retested the ascending support. A bullish Pinbar formed at 18:00 on 28th February 2019, which was also rejecting a psychological level of 1.31500 is signaling the start of the next bull run for...

Jai30 Updated 

With a top down analysis, GBPUSD is looking bullish with numerous areas of confluence! The weekly shows a morning star formation, the daily shows a very strong bullish pin bar rejection from the Moving Averages (MA and EMA) after a bearish pin bar from a resistance level of 1.30800 but the bulls came back and pushed the price up and it closed on a bullish candle...

Jai30

USDJPY is looking Bullish. Awaiting the break in the bullish symmetrical triangle for an entry signal. The pair has a support level within the symmetrical triangle of 110.580 where the price seems to have found support before closing for the weekend. The pair may break the symmetrical triangle bearishly by testing 110.500 level before turning bullish. I am...

Jai30 Updated 

I entered this trade on 15th Feb. Immediately the price fell into profit and I was looking for a close below 1.00500 in order for me to keep the trade open over the weekend. This happened and I as the markets have opened, I am expecting more bearish price action right down to the first target of 1.00000, then the second target of 0.99500. The price has been...

Jai30

Just look at that chart. The S&P 500 peaking around 3000. The pair is heading for this region again with a number of strong weeks behind it, climbing it's way to the 3000 area once again. Price stalled at 2940 region, just shy of 3000 and is charging back towards it now to retest. I am anticipating the price to hit 3000 or very close, and around this level the...

Jai30

NZDCAD is looking very bearish. The overall trend of this pair is in a bearish. The market has recently hit the descending resistance and has struggled to continue bearish and is ranging. The market has hit the resistance of the 0.91000 psychological level. This level has seen the price test it and fall sharply bearish numerous times in the past. The most...

Jai30 Updated 

Looking at this pair, USDCAD is looking bullish after a possible 50% Fib re-tracement to 1.32000, not to mention this being a psychological level too. Await bullish price action around this level and other confluence such as MA/EMA rejection or cross over then bullish to 1.33000, again a psychological level and I believe this has further upside potential to...

Jai30 Updated 

This trade I entered on the 22:00 open on the 10th February 2019. I entered this trade aggressively without a 4H closure. The reason for this trade was due to the lower wicks on the 4H timeframe from the consolidation zone between 109.600 and 110.000. I entered this trade due to the MA and EMA cross over, along with a strong closure on the lower time frames...

Jai30 Updated 

Looking at EURUSD it seems the pair is heading to test the ascending support at around 1.13130 level. However below this the pair has touched the 1.12800 level in the past and we do have the psychological level of 1.13000. A top down perspective on this, the pair has fallen from the weekly resistance of 1.14700 and is currently looking to test the ascending...