JaredJJohnson

JaredJJohnson

This is a great head and shoulders pattern, I am already long but I will be adding to this trade at some coming points. I'm long at 1.2450, I will add to this trade and position at/above 1.2650 area, looking for a 100 pip run before hitting the neckline. After that I'll manage the trade as follows. ENTRY: At the break of 1.2625-50 area I will add to my long...

JaredJJohnson

This one isn't the most popular pair to trade. It gave a nice quick 35 pips last night on THIS TRADE CALL and I think we could see another good push down to the weekly pivot. We have a possible head and shoulders forming, first off was the rising wedge now it's time for the right shoulder to form. One way or another I want to trade this to the weekly pivot, a...

JaredJJohnson

Sorry for the "Mad Max" reference, such a great movie! AUDUSD has one of the best ranges I've seen yet! it's just shy of 100 pips, if you're a range trader than feel free to take advantage on buying lows and selling highs of this 100 pip range, keep stops tight because when this breaks out it's going to be probably with some good momentum. Once the range breaks,...

JaredJJohnson

9950 is such a big level for USDCHF, if this holds we could see a nice bounce. BUY SIDE: I highlighted what could be an inverted hammer (depending on how the daily candle closes) if we keep a bullish body to the candle, 9950 could be a major bounce level for a big move higher, with tight stops below 9950. SELL SIDE: if 9950 doesn't hold I think the break lower...

JaredJJohnson

The EURUSD is probably my favorite pair to love and hate, but there are clear levels to work with so let's do it. 1) there's a 55 pip range which will offer opportunities to buy and sell highs and lows. Ideally I'd like to short the range high, take partial profit at the low and allow a portion to run towards the weekly pivot. Likewise I'd like to buy the low...

JaredJJohnson

There's some great profit potential here, however it's going to be a very tricky set up to take. Let me explain. The gbpcad looks to be hunting out the upper missed monthly pivot at 1.6680. IF and only IF it hits that upper lever FIRST will I take the trade. If 1.6680 is hit in the next few hours, I'll sell/short at that level targeting 1.6460. It's that...

JaredJJohnson

On longer term time frames we can see that this is likely turning into an inverse head and shoulders, it's time to make that right shoulder, I want to sell that trend line break for the move into 7300 area which would make a good right shoulder. The entry ideal situation is this: sell trend line break stops above the highs target 1st missed weekly pivot/7300...

JaredJJohnson

Last week I talked about this rising wedge, it flexed it's muscles and we have to expand the wedge a bit, but it's all still very much intact and I'm super anxious to get into this trade short. Specifically for EURUSD there's ECB news on Thursday and Trump on Friday, sooooo.... I'm looking for end of week to trade this pattern. Ideally I'd like to see: ENTRY:...

JaredJJohnson Updated 

OK so Trump, or whoever, caused the markets to go HOG wild this morning, which is cool! We had some nice pips on EURUSD and the first target was hit so that's fine. This might seem like a long shot, and maybe it is, but we could see the start of a larger pattern forming here. Here's what I'm looking for: The completion of a rising wedge, it's dependent on...

JaredJJohnson Updated 

I might be alone here but I can't imagine going anything other shorting EURUSD, any squeezes higher should be nice entries to sell the rallies. There's a lot of fundamental reasons behind why I think the EURO is headed down in a major way, blog posts coming on that, for the mean time google it! ;) To be clear, I want to short any confirmation that it's headed...

JaredJJohnson Updated 

I'll keep this short and sweet, I can't see too many other scenarios to be long EURUSD much earlier than parity (even then I think I still want to be short). Anyway, Massive resistance sits around 1.0500 and we have a monthly pivot up at 1.0580, I will be looking for any reason imaginable to sell this pair at those levels, I'll probably start small at 1.0500 and...

JaredJJohnson Updated 

I like to keep these trade ideas simple, here are the areas of entry, where I want to take profit. If you want to know mow about how I came to this conclusion, leave a comment below. I'm looking for two areas to short GBPUSD: ENTRY: sell retracement at 1.2530-70 area OR sell break of low at 1.2365 STOPS: if the lower entry gets filled, my stops will be above...

JaredJJohnson

USDCHF has failed many times around the 1.0200/1.0300 area and maybe now it's ready to go. So far the USD has been beat up to start the week but it could also just be a nice chance to buy some dips and get long again this pair. I'm looking at these entry details: BUY: as always looking for trend line breaks to confirm the buy, but liking 1.0130/40 area to start...

JaredJJohnson

audusd has been oh soooo choppy BUT it has maintained structure this entire time, which is amazing. We have a clean and clear retest of a larger break out, there is a nice secondary channel created here and I want to sell the break out in the worst kind of way. Entry details: I will sell this pair after it clears the trend line and gives us a little retest...

JaredJJohnson Updated 

NZD has been reluctant to move lower but it might finally be ready if we get confirmation here The details: short below ascending trend line stops above recent highs target lows of 0.6970 area and ultimately 6740 area

JaredJJohnson

I feel like a broken record, I talk about 100 pip trades all day long, the funny thing is 100 pips is hard for some people to make, if you're one of those people then bask in this set up! THE DETAILS: 1) this could pull back now or lower around the 1.0035 area, either way be ready to short that pull back at/around 1.0060-80 area 2) I'll have stops above 1.0150,...

JaredJJohnson

This is a pretty clean pattern, I got in once already and took some profit. Now looking for a quick move down to recent lows. WHY I LIKE THIS TRADE: 1) there's a clean clear bear flag, these are great set ups! 2) Symmetry lines up perfectly with past lows (measuring the previous movement against the current movement, profit target method) 3) The recent move...

JaredJJohnson Updated 

I have not been very excited to be short USD lately, I've been riding the trend along with everyone else, here are some reasons I'm looking to trade USD weakness on EURUSD. 1. the 13 year lows around 1.0500 have held very well 2. Short term charts are showing higher lows 3. we're approaching a solid trend line So if there is an hourly open above the trend line,...