JakeSummers4x

JakeSummers4x

Looking at this setup, I will be placing an ambitious entry to get the best possible R:R to target 1.

JakeSummers4x

What seems to be a perfect Gartley setup, completing right into previous structure.

JakeSummers4x

I'm almost expecting this to creep higher to trap the buyers into the market.

JakeSummers4x

It appears that all of the stars are aligning with this pair. - bearish channel has been respected. - 618 retracement has been respected. - major resistance. - hanging man candle formation. - 127 extension targets align for impulse legs 2 & 3. - targets align with previous major structure. I am anticipating this to be less than simple as it's such an obvious...

JakeSummers4x

Hi guys, I've had these ranges plotted for a few weeks now, and it's really helping me see this pair more clearly. We're currently underneath the 50SMA and have been for some time, but with the bullish pennant forming on the weekly, we may be in for some change. I've marked out some strong areas for support, and a long test wick candle. My bias will remain...

JakeSummers4x

I'm still working on adding these to my pattern watch. Please use this in conjunction with your own analysis.

JakeSummers4x

Bearish Cypher pattern

JakeSummers4x

Looks like we could go either way here. Still a way off, but these are on my radar.

JakeSummers4x

Two advanced patterns, Gartley and Bat patterns. We got a fill on the Gartley just before the close on Friday. Candlestick is showing a shooting star formation so we may not get filled on the Bat. Sitting on my hands until we see further confirmation. Expecting an extended move down.

JakeSummers4x

As explained on the chart.

JakeSummers4x

Zoomed in view of a potential break & retest of the down trendline as mentioned before. There's signs of a reversal in play here but I wouldn't be surprised if it's either a trap or a struggle. My key levels are shown on the chart, use any of this in conjunction with your own analysis.

JakeSummers4x

We saw a nice clean break of the long term down trendline last week, with an evening star/doji reversal formation on the daily at key resistance. If we look at the bigger picture there's signs of a recovery of the AUD across some of the major pairs. I'll zoom in to the most recent price action around the trendline as mentioned above to share my thoughts.

JakeSummers4x

I may be completely wrong, but here's a possibility. We have a double Inside Bar on the Daily Chart. Price didn't reach the bottom of the falling channel, so this bullish action might simply be an over correction. We could meet the top of the Daily Inside Bar range, then fall back into the channel. We know the US economy isn't as strong as it's made out to be,...

JakeSummers4x

We're at a key level now. I've closed out my position and will re-enter on more confirmation. Look left, price leaves clues.

JakeSummers4x Updated 

A few confluences leading to a buy trade for me. Double 50% retracement on the Daily & 1hr timeframes. I'll be waiting for seller failure at this level to take this to 0.72300 zone.

JakeSummers4x

Part 2 of my previous chart. BUY on the daily up to 0.75000 zone to meet the 50SMA, then look for a SELL. Expect some buyer traps around the SELL zone with some fake-outs as we accumulate.

JakeSummers4x

This is a two part analysis. I'll be looking to go LONG up to the 0.75000 zone, but not expecting it to go easy. If we get there, expect some buyer traps as we meet the 50SMA on the WEEKLY (chart to follow)

JakeSummers4x

As previously posted.