Jay223

Jay223

GBPJPY could possibly retest to the 38.2% fib level and then continue back into the overall bearish trend or it could retest up to the 61.8% next to the weekly resistance level, and then work it's way back down. Note: (Anything can happen in the market. Never expect any analysis to be certain.)

Jay223

Short entry will be after the retrace to previous support acting as new found resistance.

Jay223

Once EUR/USD breaks structure of the previous high on the 15min and comes to retest that high as a new found support, look for a bullish engulfing pattern to confirm a buy order heading towards one of the fibonacci levels.

Jay223 Updated 

Marked in yellow are the supply and demand zones for USD/JPY. They will act as price reversal zones for future price movements.

Jay223

DXY very over valued on RSI. Looking for it to make a retrace into previous highs.

Jay223

BTC/USD came down and respected the green demand zone. Came up and created a lower high red demand zone. The retrace has double bottomed at the 50% on fibonacci. Looking to take profit at -27% on my fibonacci extension.

Jay223 Updated 

Assuming there will be little to no gap, this will be my long position for market open.

Jay223

Leave a comment! (:

Jay223

This is not a signal. Just an outlook on what I will be doing if the retrace plays out.

Jay223

Like if you agree or leave a comment telling me your thoughts!

Jay223

If you agree leave a like. If not, then please explain. Thank you for looking!

Jay223

Possible outcome for USD/JPY. Let me know in the comments if you agree or if you think it will play out differently. Looking forward to hearing your feedback!

Jay223

Price has wicked out to the 109.780 as predicted. Going to see what it does around this area...

Jay223

Price has shown wick exhaustion around the 50% h4 chart. Now looking on the H1 chart there is a big bearish engulfing candle breaking the previous higher low. Looking for price to come down to 109.780 and then make its full decision on where it wants to go.

Jay223

Here I'm on the 15min. time frame at the first lower high from yesterdays spike down. I'm waiting fore price to show me a trustworthy bearish engulfing setup. The candles in the red box are a bearish engulfing pattern but the red EMA is not over the blue yet. The yellow box is an engulfing pattern as well and the red EMA is now clearly over the blue. Now waiting...

Jay223 Updated 

I'm waiting for price to break these two red support lines and then create a higher low for structure and then a bearish engulfing for a short entry.

Jay223

Bullish trend line was broken and then created a lower high respecting the bullish trend line. Waiting for 38.2 or greater retracement for entry setup.

Jay223

Waiting for price to break 110.00 and then create a higher low and then a bullish engulfing on the 15 minute time frame.