JohnJEC01

JohnJEC01 Updated 

Monthly Previous monthly candle closure at 12.554, so price must hold 12.50 to keep upside odds alive. [b}Weekly Potential double bottom forming in confluence with RSI. Neckline needs to be broken to confirm pattern though. Invalidation will be a daily Daily closure under 12.5. dca

JohnJEC01

Looking for short from this region. If price breaks out of consolidation block we will hope to see a retest to further support our short bias

JohnJEC01 Updated 

Price has broken down out of the consolidation area it has been in for the past several days. I am weary of there being manipulation spikes to the 78% fib area before moving down. There are a lot of geopolitical clouds hovering above OIL at the moment and as a result I won't be too focused on any CAD pairs this week unless I see clear price action rejection...

JohnJEC01 Updated 

Price has broken below 0.75500 region where it was ranging above for several days. The 23.6 % FIB level has also been taken out telling us that a continuation to the golden fib levels ( 61.8 , 71 ) is highly likely. I am expecting price to come up and retest the 0.75500 zone/ 23.6 fib before going lower. This pair likes to consolidate so will be patient and...

JohnJEC01 Updated 

On the daily time frame we see price has broken the previous daily high. Keeping an eye on DXY and monitoring if we can break lower or continue upwards to the 0.71000 area.

JohnJEC01 Updated 

Not an in depth analysis as I dont trade this pair, but rather use it to gauge the relative strength of these two currencies.

JohnJEC01 Updated 

Been range bound. Awaiting to see if we can get a break out to either side and a retest before entering.

JohnJEC01 Updated 

Last week Sundays publication played out resulting in 2 wins from this pair. 2/3 wins per week is all you need. New favorite pair. Okay lets jump into the pair and see what awaits us. We see a new 4H support area, highlighted in yellow. It engulfs the psych number of 1.12800. Following DXY pushing up to resistance we see this pair pushing down to...

JohnJEC01 Updated 

Had a push through zone B spiking close to the psychological level 0.92500 Price has pushed above the zone but there is no indication yet of price rejecting the lower levels. This could be a 'fake out' to trap retail buyers using breakout strategies. We see a Head and Shoulders pattern forming on the daily. Cad pairs are filled with spikes so I would hope to...

JohnJEC01

Waiting to see if we will break lower or reject and push up

JohnJEC01

We have run into support at the 0.59000 region, which aligns with the 71.00 % FIB, and on the lower time frames we have seen rejection of this area. HOWEVER We are are still in a down trend and to take a buy from this level will be trading against the trend. There is an opportunity to take a buy from this level but only if we can come back to the 0.59000 area...

JohnJEC01

There are two possible scenarios here. 1) We see price break zone A to take out the 110.400 area. 2) We see price reject zone A and make its way down to zone B.

JohnJEC01

We have respected the down trending line and pushed below the 97.00 area post FOMC speech. Previous support at 97.00 has now turned resistance and we are looking at price pushing back up to retest this. We see our golden FIB area lining up with this 97.00 area and we are hoping to see price bounce from here to come down to the 96.50 region. Lets see how the...