JayP0well

JayP0well

Please focus on the 2 golden-dashed lines as the lower one represents the previous structure high on the weekly. Market has broken these highs and retested them. Essentially a broken resistance turned support. However, what is worth to note is that after retesting, the market failed to create a HIGHER HIGH. Trade Idea: RTO formation on the H4, which matches the...

JayP0well

Market broken the ascending trendline and retested it. Strong bearish momentum for the past few days. Looking for price to enter these sensitive areas. Trader's Arena FX

JayP0well

Market is on a decent uptrend, bias is buys. looking for a high to be retested to grab liquidity to go down first. Charts are labelled cleanly.

JayP0well

Gold has been on a constant uptrend due to it playing its safe haven bid. Price seems to be respecting the ascending trendline and has broken through many previous structures cleanly. Originally with a sell bias, the Fibonacci retracement used for SELLS have been invalidated but not useless. Looking at key areas on Gold as labelled on the chart for a BUY entry....

JayP0well

Technicals: On the previous GBPJPY analysis, what I was looking for in particular was a raid of the previous highs which did happen. Liquidity has been taken from creating a higher high. Thus, my bias is a sell now. After the retracement back into the Demand zone, market is now going through a retracement which I'll be entering sell position at 133.4. A standard...

JayP0well

Technicals: Market is approaching a dynamic support turned resistance. if market rejects from the area of interest, it matches with 2 Fibonacci confluences and it'll be another retest of the broken trendline. Take Profit areas will be at the bottom structure Demand zone. Trader's Arena FX

JayP0well

Technicals : GBPJPY on the shorter market structure has shown a significant bullish strength. What I ultimately want to see is another trendline tap. Price would grab liquidity to make a Double Top before going down. Take Profit level is fibo -27% which matches previous structure high. AOI Entry Matches : 3rd Trendline Tap 61.8% Fibo Critical Level Minor...

JayP0well

Technicals : AUDCHF set up is such a classic textbook example. What I am expecting is to see the highs getting taken out. Confluences : Recent market structure tapped the ascending trendline for the 3rd time. Fibonacci from wave 2 to 3 gave way to the 78.6% rejection. Trader's Arena FX

JayP0well

Fundamentals : Recent news have shown us that OIL has dropped to 0 dollars. USDCAD & Oil has a negative correlation. Meaning if Oil goes down, USDCAD goes up. Therefore, my bias is a buy fundamental wise. Technicals : Recent market structure has confirmed to be bullish due to a breakout and retest of the descending trendline. Drawing the Fibonacci retracement...

JayP0well

GBPUSD keeping it clean and simple. Price reached a demand zone which matches the Fibonacci critical level. This pair has been pretty bullish across the last few weeks, hence the buy bias. Trader's Arena FX

JayP0well

Tehcnicals : Price has broken the ascending trend line and is making it's way down now. I am currently awaiting for a re-test, only problem is where would the retest be. In the chart I've drawn, the first retest point would be at current market price of 23236.4 which is a broken support turned resistance. The retracement is shallow but matches the 23.6%...

JayP0well

Fundamental Idea : A new wave of stimulus measures have been introduced by the US Again to sustain the collapsing economy. With a stronger Dollar incoming, many retail traders may feel that Gold will be de-valued. However, focusing the scope into ETFs, the current and near future inflows into ETF will be a support for Gold. In the world's largest Gold-backed ETF,...

JayP0well

Overall Trend : AUDUSD has been on a downtrend for more than a year, so my bias for this pair has always been very Bearish. Daily: Market has touched the decending trendline for the 3rd time now, showing signs of bearish power. The evidence of this is displayed in the rejection off the fibo critical level of 78.6%, which also happens to be a strong Supply...

JayP0well

Daily: We can see that the market has touched the ascending trendline for the 3rd time, which matches with the fibo retracement critical level of 78.6%. Furthermore, current market consolidation is respecting the minor support and resistance levels (denoted in the small dotted lines) and it shows some bullish power coming in. Trade makes for some good Risk to...

JayP0well

H4: Recent market structure has shown that the bullish market structure has been invalidated through the break of the ascending trendline. Price has also retested the broken trendline which matches the 78.6% fibo critical level. I feel it will create a new structural low and it will match the fibo Take profit level of -27% which confluences with a minor demand...

JayP0well

Fundamentals: Due to Covid-19 and its exponential infection rate, many sectors in the US have took a heavy hit. This resulted in damages in retail sector, economical sector, medical and healthcare sector etc. With Trump cutting the funding to WHO, the potential for finding a cure is delayed. Quarantine is also said to be extended to the end of June, which means...

JayP0well

DAILY: On the daily, Gold is still moving on a steady bullish up trend. Creating Higher Highs and Higher Lows. H4: Market seems to be respecting the Higher time frame trendline, rejecting of the trendline again just yesterday. Confluence would be that price rejection was also at a Fibonacci retracement level (61.8%) & that area is a RBR Demand Zone. ...