JordanWillson

JordanWillson

We have a potential Head and Shoulders pattern forming on this pair, with the right shoulder forming and ending at around the monthly support of 131.000 level. This would coincide with a large demand area for the pair to then turn bullish and begin climbing to the upside. If it breaks the daily pivot level of 132.665 and closes under it I will look at...

JordanWillson

At the moment we have NZDUSD following a nice bullish channel, it has broken the daily trendline (dotted) however rejected a resistance level of 0.68961 . I will now be watching to see whether it continues to follow the bullish channel upwards if it falls to the trendline and rejects. If it does reject the trendline and remain bullish I can see it then breaking...

JordanWillson

GBUSD has entered perfectly into a zone I believe to be crucial in whether the bears will take over from here, as you can see from past turning points this area has shown a strong demand from the sellers. Interesting to see where this heads. RSI and Stochastic also showing a nice respective move of the trendline, so I think it could head in either direction....

JordanWillson

We've got this pair currently rejecting 23.60 Fib level but I believe it will push through this. USDJPY is moving in the same direction and these pairs like to move together, I will be shorting this down to 0.98364 support area. Could see a retrace back to the same fib level but have some US news coming up later where the outlook looks negative, so may not...

JordanWillson

Currently rejecting 0.382 Fib level at 132.21 3 and I think this level is going to hold, potential short with an entry around 132.000 and if price holds out past daily trendline then this pair could continue to melt down to 130.400 area.

JordanWillson

A nice close on Friday afternoon of a Bearish Engulfing with not much bull power being shown in the remaining hours of the market, closing at 112.085 . On a 1 hour timeframe a head and shoulders has been created with the pair following suit and continuing to fall, adding to the strength of my short sentiment. US news is pretty quite until Tuesday afternoon so...

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...