JordanWillson

JordanWillson Updated 

This morning we saw a close of a Bullish Engulfing which was followed by a slight rejection just above the monthly resistance level of 0.89430 . The EUR has continued this fall this evening however it being a Friday can produce unpredictable signals, we may see that the Bullish Engulfing does prove to be a turning point of the short downtrend this afternoon...

JordanWillson

When markets open this evening I will be looking at shorting the Aussie Dollar down to the daily trendline, as this has been respected a few times in the past couple of weeks, this will most likely be an intra-day swing trade to get in and get out. Only because of RBA releasing minutes on Tuesday followed by a speech from Yellen later that day, could make...

JordanWillson

The closing of a Pinbar on Friday evening has thrown a slight spanner in the works for the feeling I was getting towards Gold as up until that point it was looking very bullish. The Pinbar close does normally represent a bearish reversal coming shortly, however on this I am not too sure. My sentiment towards Gold still remains Bullish as I believe it...

JordanWillson

We currently have price action of 1.32141 sitting very tightly under a resistance of 1.32154 . After a strong show from the bears on Friday pushing the price down to 38.20 Fib level the bulls quickly recovered back up to the 1.32 area, closing Friday on another green candle to where we are now. I do believe the sentiment of the Pound is still long, with the...

JordanWillson

Currently EURJPY is sitting in a wedge on a 4 hourly chart, had a bit of a fakeout last night with it breaking and re-entering the wedge. I will be sitting patiently to see where this heads as I will want it to break out of the wedge clearly and begin shifting strongly in a direction before I make any moves on this pair.

JordanWillson

A possible head and shoulders pattern could be forming on an hourly timeframe with AUDUSD , after it is respecting the Fib level of 23.60% . If it forms, breaks it's neckline and plays ball I will be looking at shorting this down to a supply zone and psychological level of around 0.76000 We have the RBA cash rate due tomorrow and forecast is neutral however I...

JordanWillson

If you check my previous post you will see a long trade I opened on EURGBP , 3 days later and it has hit my take profit level and beyond. It survived some GBP news that hit Tuesday which slowed it's growth, but then continued it's movement upwards. Over 50 + Pips gained on this one trade! This trade was followed by a trailing stop which made it risk free around...

JordanWillson

I am currently in a buy running nice profit with EURGBP. I entered this at 0.89135 after some neutral news hit earlier today, it's currently respecting the 38.20% Fib level . Quite choppy at the moment I think down to a busy morning tomorrow for the Pound, so I will see how this level holds out and adjust SL if needed.

JordanWillson

Here we have a double top formed on a 4 hour keeping inside a strong bearish rectangle. Level 0.98654 has not been broken and respected perfectly creating this formation, also strong convergence with the RSI and Stoch. If the 50% Fib level is broken at 0.98048 I will be looking at shorting this to around 0.97205 support level. It is also visible that it is...

JordanWillson

Here you can see a clear image of a bearish rectangle, showing that the bearish trend halted and began to consolidate. It respected the rectangle perfectly for over 12 days without any large breakouts. As time moved on it was comfortably within the rectangle however at the same time was being squeezed into a bearish pennant. This was a case of waiting patiently to...