Jaz4Rings

Jaz4Rings

A strong support that has held price for the last couple weeks, continues to hold, also breaking a bearish trend line on the 4H time frame. We should see some bullishness into the previous daily LL, maybe even higher.

Jaz4Rings

Price breaks bullish trend line, confirming that bears are still in control. Price didn't hold for bullishness. Now, we sit back and wait on a pull back into the counter trend line/previous broken support. Daily is creating LHs, and LL.

Jaz4Rings

Last week, price finally broke through a very strong support level, indicating that price will more than likely go to the next price zone. However, first there will be a pull back into previous structure. But still, bearish overall.

Jaz4Rings

Last week price broke a bullish trend line and began to create minor LH's. If price continues to respect, the current bearish trend line, I will continue to short.

Jaz4Rings

As the week begins, I am currently looking for price to find a stable HL at previous structure, before entering long.

Jaz4Rings

Starting on the daily time frame, price has created a nice triple bottom, or some may consider it a double bottom. However, price visited this support area several times, and finally broke out to the upside. The 4H shows a clear break of a bearish trend line as the markets closed last week. There was some signs of exhaustion based on the wicks right before...

Jaz4Rings

GBPAUD closed strong bullish candles last week, daily and 4H. But this is no time to jump in just yet. Price will pull back into previous resistance which will now be support before continuing the overall move. The strong daily closes and break of resistance, and consolidation shows there's more bullishness in this pair, the bears have taken over. I'll buy...

Jaz4Rings

US30 dropped significantly last week. Based on price actions it was supported. Before continuing to sell off, based on the exhaustion to end the week, the huge 4hr wick, and candle close at a previous broken resistance area, I will be looking for a pullback into previous structure. From there I will look to sell on the LTF. There will be short term buys, during...

Jaz4Rings

Price has been to this same exact area at least 5 times since the middle of this month. This is a strong support area as well as previous resistance area. Each time here price bounces off, and is currently retesting a bullish trend line. Price continues to close a little bit higher each time it reaches this zone, and trend line. I am looking for bullish moves...

Jaz4Rings

Taking a look at the 4H chart, price recently broke the 4H TL and also created a new LH and LL on the 1H time frame, after maintaining resistance the beginning of last week. The initial move was already made. However, going into this week, I will be looking for price to pull back, before continuing down, to the higher time frame LL or further. The higher time...

Jaz4Rings

Price is currently consolidating. Which means it could break to either side. However, there was lot of weakness to the dollar at the close of last week. In addition to that, there a lot of room for upside movement, based on price action. Price has not yet visited the break of previous structure. However, either way, break to the upside or downside, I will be...

Jaz4Rings

At the end of last trading week, not only did EJ close with a strong bearish 4H candle, but the last two daily candles also closed below a strong support level, and consolidation area as well. This was the break of a descending triangle. Price on the 1H chart shows a transition to the downside as well to continue bearish movement. Currently waiting for a pull...