JaydTrading

JaydTrading Updated 

The market is currently at the bottom of the channel. As long as the price remains above the rising support, the direction is up until the market falls below the support area.

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The price is testing a recent resistance. It's easier for the mind to stay on the current trend then guessing otherwise. Change mind after a confirmed signal shows up (and this short trade will stop out for 1R).

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EURUSD has been moving inside a sideways channels since beginning of 2018. It's more likely for it to bounce back up again than not.

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Sideways to bullish.

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It has been done twice, more likely than not to have a third.

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The price has bounced from the 1.22ish area for 3 times, it is more likely than not that it bounces again. Until the price breaks firmly below the bottom of the sideways channel.

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Expect another wave inside the triangle pattern to form, if GBPUSE does not go straight up.

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The pattern has made a higher low and a higher high, the price could use a rest here. A potential bearish has better R/R than a potential bullish trade. Wait until a reversal pattern shows.

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Working its way back to the high, unless it isn't.

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Do it again, unless it doesn't.

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Expect USDCHF to rest 6-10 bars before it gains enough sentiment and break powerfully into either direction. Keeping my eyes on it.

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Expect a double-bottom to form, and trade at the pullback of a break out or simply at the low.

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A Megaphone pattern on GBPUSD with the price at a relative high, it is more likely for the market to roll back down again. Simple stop entry or wait for a confirmation of a break out then limit entry into the trade.

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With 2 shooting stars, it's more likely that it is going to fall back down to rest. Then expect the market to go sideways for a few days before it gains enough confidence to start a new direction (bullish more likely...it's stock market after all).

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Wait for it if not in for bullish yet. More bullish than bearish because the trend on Daily chart is still pointing bullish.

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USDJPY moving close to key pivot point, drill down to smaller timeframe for entries. :) If the price breaks and closes above the downward trendline, wait for a re-test before entry.

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Looking for a turning signal from the support zone, preferably a completed double top or a triangle. If the signal shows, then more bullish than bearish. :) Will start to look for trades on smaller timeframes. Strong support zone since 2015.

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details on chart.