John_Mwaniki

John_Mwaniki Updated 

USDCHF is in a downtrend in the 4-hour timeframe. It's following a channel, that it has touched and respected severally. It has also been in a short-term uptrend and respecting an ascending trendline which it broke upon bouncing off from the upper line of the channel. The price is also currently at a resistance level. If it manages to break this level and close...

John_Mwaniki

NZDUSD broke a support level at around 0.61000 in the 4-hour timeframe. It has retested it and is now in a downtrend. In the 1-hour timeframe, it has formed a channel, which it has retested 3 times on each line. It has formed a strong rejection (shooting star) candlestick at both the resistance and the upper line of the channel. There is a high chance that the...

John_Mwaniki

CADCHF is in a downtrend on the 4-hour timeframe. It seems to have formed a channel with 5 touches on the lower line already and is currently testing the upper line. If it doesn't manage to break it and shows rejection, this could be a nice sell entry.

John_Mwaniki

GBPCAD is in a downtrend in a 1-hour timeframe. It has now touched the trendline for the third time. If it respects it, it could possibly move down to the last lower low at around 1.69080 or beyond. Let's keep an eye on it and see how it goes.

John_Mwaniki

EURCAD is following a downward trendline which it has respected severally. It has now retested it again and seems likely to continue downwards to around 1.45870 or beyond.

John_Mwaniki

AUDCAD is in an uptrend in the 4-hour timeframe and seems to be following a rising channel. In the short-term, it was in a downtrend in the 1-hour timeframe, where it was respecting a downward trendline. The price was unable to break the lower line of the channel and formed a very strong hammer candle. It went ahead and broke out of the downward trendline. I see...

John_Mwaniki

AUDCHF has been in an uptrend and following an upward trendline in H4 for the last two months. It broke out of the trendline, has retested it, and formed bearish candles. It's likely to continue moving downwards in a bearish trend.

John_Mwaniki

GBPUSD has been in a bearish trend for the last one month. It has now touched an upward trendline (now for the 4th time) on the daily chart. The trend will most likely turn bullish if it respects the trendline.

John_Mwaniki

It now looks clear that a falling channel is forming. Price may drop further towards the support line of the structure.

John_Mwaniki

Price looks like it has formed a falling channel from whose resistance line it has bounced. We can short and capture some few pips.

John_Mwaniki

Hi traders, For some time the price of this pair has been consolidating within a triangle structure which is now narrowing down to the end. Breakout will happen soon. I see a high possibility of price breaking out from the lower side. This short idea will be invalidated if the breakout happens from the upper side. Share your views in the comments and like if you...

John_Mwaniki

The pair formed a triangle structure which is nearly coming to an end. I see a high possibility of the triangle breaking from the lower side. You can wait for the structure to break and go short if it manage to break it from below.

John_Mwaniki

Lately this pair has had a very deep drop in price. It has reached the support line of a rising channel to test it for the third time. The price is very likely to move towards the resistance line of the channel and of the major falling channel. Lets wait for bullish reversal confirmations to go long for the pair.

John_Mwaniki

The pair is following a falling channel in daily timeframe. It bounced off from the channel resistance and is very likely to continue downwards.

John_Mwaniki

Hi traders, This pair is following a falling channel and price has come to test the resistance line. You may wait for more confirmations and sell if the price doesn't manage to break out.

John_Mwaniki

In daily TF, price has been following a falling channel since January 2018 and has now come to test the resistance line once again. It doesn't manage to break it and bounces off, then it will be a good sell entry. Keep monitoring it for any signs of rejection.

John_Mwaniki

USDCAD has been following the falling channel since june. Price bounced off from the trendline and then made a breakout from an ascending channel indicating high chances of heading down.

John_Mwaniki

Hi traders, GBPAUD has been on the rise and following an ascending channel which it has respected faithfully for a long time since November 2017. It has now come to its top/resistance line. It is also at a strong horizontal resistance zone. There is a high chance that price may bounce off towards the support line of the structure. I would suggest you sell only...