Richie242

Richie242

Similar to GU, GJ is in an overall uptrend based on the daily timeframe but is having a pullback. Price recently broken an H1 level of support, I will wait for price to pullback into the previous support zone to create a LH. Unless a new high is made, I will only look for sells in this current market condition.

Richie242

GU is in an overall uptrend based on the daily timeframe but is currently in a pullback phase. On H4 and H1 this pullback is showing a downtrend. As long as new lows are being made, I will look to keep selling at LH's until a LH is broken.

Richie242

GJ has recently broken previous support and found a new level of support at previous daily resistance. Bearish momentum has started to pick up and has the potential to continue lower. On the flip side however, GJ has the potential to break above previous support and form an inverted H&S pattern. Will look to take counter trend buys up to previous broken support.

Richie242

GBPUSD has recently broken weekly key level 1.2500. Price has found support at a previous daily resistance. Will be looking to see if price will come back to retest weekly key level. If price rejects weekly key level as resistance, I will look to sell. However if we break above 1.2500 and retest as support, I will look for a buy and look to take more buys next...

Richie242

GJ failed to break above previous support and also gave a fake breakout of 136.049. If price breaks current level of support, it has the potential to create a right shoulder of an inverted H&S pattern near the 133.800 level.

Richie242

Similar to AUDJPY, AUDUSD has also broken a counter trendline and formed a double bottom pattern (valid on H4). Price has retested the neckline and is forming a potential H1 bullish engulfing.If current conditions hold, I will look to buy until the market his .71000

Richie242

AUDJPY has broken bearish counter trendline and formed a double bottom pattern. It has retested the neckline and is now forming a potential H1 Bullish engulfing. If H1 closes above this previous candle's upper wick, I will look for the buy

Richie242

S&P violated bullish structure last week, and began to sell off. However it pulled back to recover some of the losses by the sell off. As of now there is a lot of bearish momentum and we can possibly break below 2973.8 which was previous resistance now turned support.

Richie242

GBPJPY last daily candle was a neutral candle so there is potential for price to reverse at this current level. However, if it continues to show bearish moves, I will look to buy at the 61.8 PRZ level which also lines up with the neckline of the previously broken inverted H&S pattern. Looking for the market to test weekly Key level 145.000.

Richie242

AU has found a level of support at 38.2 PRZ level after rejecting monthly key level .70000. If I get a price action signal at this level, I will look to buy up to weekly key level .75000. However, if this level fails to hold as support, I will then look to buy at the 61.8 which also lines up with a weekly level of previous support.

Richie242

AJ ended the week failing to break the 38.2 PRZ level after breaking below previous resistance (74.474). This week I'll be looking to see if the market can transition back into the overall uptrend or if it will pullback a little deeper to test the 61.8 which also lines up with monthly key level 70.000

Richie242

Price is showing a Daily rejection wick at the 38.2 Fib level, we also have a weekly rejection candle which lines up with weekly key level 1.25000. If the market is ready for overall buys, I will look for a break of structure on H1-M15 before placing buys to initial target 1.30000. I will then expect price to pullback into Resistance to retest Descending...

Richie242

S&P 500 has violated bullish structure and broke a HL. Price has now found a new level of support and is now starting a pullback. I'll look to go short once I get a price action signal in the previous HL zone.

Richie242

GBPJPY completed the H&S pattern by breaking the neckline. Now that price has found a new level of support, I'll be looking for price to pullback to retest either the weekly key level which lines up with 38.2% fib level or the neckline which also lines up with 61.8% Fib level

Richie242

GBPUSD has broken a recent HL (based on H4). Price has now found a new level of support and is starting to pullback. I'm looking for price to come back into the previous HL zone before giving a price action signal before going short until 1.2500

Richie242

AU has completed a Double Top by breaking the neckline. Price found a new level of support and now is starting to pullback. I'm looking for price to pullback into the neckline for the retest and give a price action signal before taking shorts to .67200 and .66400

Richie242

AUDJPY has completed the H&S pattern by breaking the neckline and also breaking below a previous level of resistance that was temporarily support. We can see price has now found a new level of support and has started to pullback. I'll be looking for shorts once I get a pullback back to the previous resistance zone or at the neckline which also has confluence with...

Richie242

GBPUSD is currently showing heavy bearish momentum on M15 as the overall daily structure is an uptrend that's currently in a pullback phase. The bearish impulse moves are starting to get stronger and the pullbacks are starting to increase as well. I'll be looking for the market to pullback into the previous support zone to test it as resistane.