Jason_Jay

Jason_Jay Mar 27, 2023

Looking at the 4 hour chart, we can see a nice head and shoulders formation. I'm looking to sell TP 120120 SL 123400

Jason_Jay Updated  Mar 2, 2023

Last week you can see we had this great descending channel which played out perfectly, perfect moves up and down. Earlier this week we had that massive corrective climb up, touching the previous high which has proven to be a very strong resistance as we price was clearly rejected there. We've had the release of the US PMI data today which had only a small...

Jason_Jay Feb 28, 2023

The buyers haven't retreated yet and I still see this pushing to test the previous high, this is a very strong resistance. I expect it to test this high of 1,21470, then retreat back down. 1,21470 I feel is a good entry point to sell. TP's on the Elliot wave 1,21470 TP

Jason_Jay Updated  Feb 27, 2023

We've seen a pullback today which was expected, however, we're clearly still in this descending channel. The NI protocol may have little impact on the pound. I still respect it to trade within this descending channel, putting in new lower lows, and higher highs 1,19007 would be my TP, as this is an area of support

Jason_Jay Updated  Feb 24, 2023

We're headed toward a good entry for a buy here. We've already broken past previous supports. I had a short position today which has hot my Take profits. I expect it to pull back to at least the 1,19700 areas. That will be my TP TP 1,19700

Jason_Jay Updated  Feb 24, 2023

We've still not seen a clear break of this falling wedge today and it's still in a strong downtrend. It's rather choppy this morning which is most likely smart money hunting and taking out our stops. If we see a strong close above this falling wedge, then this trade is invalid. I've plotted two TP's based on previous lows. Just be aware of the data coming out of...

Jason_Jay Updated  Feb 9, 2023

Looking at next week, it really has pushed further down. I'm waiting for it to pull back to around the 1,22000 area, this is where I plan to enter a short trade and ride it all the way down to 1.18500. You can of course enter short trades at each elliot wave point. There's some potential to take profits in the pullbacks, but I'll limit them to smaller lot sizes....

Jason_Jay Jan 31, 2023

I've been looking at this chart all day and have taken small profits with the short trades this morning. We can now see it retracing back. Switched to the 15 mins time frame and can see a good entry now as of 21:49pm. Retraced back 1,23376 and alerted me. We can see it already tested two previous support levels. 12836 was tested this morning I expect it to test...

Jason_Jay Updated  Jan 29, 2021

Yesterdays highs we saw a rejection of 1,37450 areas, we've slowly been pushing down overnight. Now in a short position to hit yesterdays lows. Any upwards moves may be exhausted for now, or today at least.

Jason_Jay Updated  Jan 28, 2021

Entered a short trade expecting this to fully retrace to Tuesday's low. Nice risk-reward. My other trades this week have hit the target so this may be the last one. Hope everyone has had a great week.

Jason_Jay Updated  Jan 28, 2021

I've been looking at this for a few days now and just took profit from shorting. I predict we will test the previous lows and then head back up to retest previous resistance of 1,3700s and test 1.37500. We were last in that area in 2018. This is my first publication. Any comments welcome

Jason_Jay Updated  Jan 27, 2021

Entered into a short position this morning. My previous long idea hit the target, which is great. Looking at where we are, we have a strong resistance now at 1,37500 areas. I'd expect a small pull back into the 50 % Fib zone. You can see on the chart where I have set my TP and SL. There's more of a tighter stop loss with this trade. It could possibly fall some...

Jason_Jay Jan 26, 2021

Just been taking a little look at EURGBP and can see a possible move upwards over the next 24 hours. If we break 0,89169. We seem to be in a range-bound area in a symmetrical triangle, I've spotted a few bullish pin bars which I have highlighted. I'm using these as some indication to a move upward. There's a good risk-reward ratio here.

Jason_Jay Jan 26, 2021

Posted a previous idea about a long idea which is still valid. Re uploading this one and it's taken a little longer than I expected. I think we're still going to see a test of last week's highs of 1,3700's. Currently in a short position, set to TP at 1,36250 (Long order is also set at that price)