SamKent

SamKent

The NZD/JPY is on its way on the 1H chart to form a bearish bat pattern. The current bull rally is already showing some signs of exhaustion in candlestick terms, so we'd be looking for some technical formation to allow us to short the market at some completion of the pattern.

SamKent

Nvidia daily chart has formed a hammer, on the back of the 100 and 200 MA support, the kumo cloud, and the 50% fib of the latest bull wave. In terms of volume we got a high reading indicating some major market participation. While, in terms of the oscillators, the RSI is above 50 and pointing upwards, the stochastic is pointing up as well and may cross-back from...

SamKent

The EUR/AUD 30M chart has completed a bearish head & shoulders pattern. We're looking for a pullback back to the neckline to serve as resistance, at which point we'd be interested in shorting the pair.

SamKent

The GBP/NZD 4H chart is trading sideways for the most part. However, if we examine price action more closely, we see a recurring theme of sellers attempting to push the market down and getting rejected, with a series of long wicks on the bottom of the candles. This coupled with the fact that buyers are making slightly higher highs each time, indicates to us that...

SamKent

The AUD/CHF 1H chart is trading in a descending channel. The pair is currently making its way up, and we're interested sellers at a point of confluence between the descending channel line, the 50% fib retrace of the latest down move and a possible stochastic cross back from overbought.

SamKent

The GBP/CAD 1H chart is trading in a well defined bullish environment. we have had a nice 1-2-3 bullish pattern, and now we're looking for our next 3 point. Current price action has formed a wedge formation, and if that breaks to the upside it would send us long. The key point in this kind of trade is to discard it as soon as the initial point 2 is broken, in this...

SamKent

The dollar index is trading at a potential support area, while trading on the right side of the kumo cloud and kijun vs the other currencies; if we do get some dollar strength, we need to decide which currency it would be best to match it up against. Looking at all the daily charts, the best candidate right now looks to be the NZD/USD, the pair is trading at...

SamKent

The GBP.JPY is trading below the kumo, is using the kijun sen as resistance, is trading in a descending channel structure with an RSI reading of sub 50. We're looking to trade with this clear market direction, and our desirable entry will be the breakdown of the corrective ascending line. The RSI 50 line should also stem the bulls if this scenario does unfold.

SamKent

The EUR/USD 30M chart is in the midst of another impulsive bear wave. Looking at the overall price action structure, we can identify that the sellers are currently in control of this market. Given this, we want to see a correction back to the important 1.24760 level, at which point we'd short the market in the hopes of catching the next impulsive bearish wave downwards.

SamKent

The USD/JPY is continuing its decline on the 4H chart. The pair does look fairly oversold at this point, and has also near completed an ABCD pattern on the back of a 50% retrace. Therefore, we expect the pair to bounce back a little, and we're waiting for it at the important role reversal level around 117.427. At that point, any sign of bullish exhaustion or new...

SamKent

The EUR/AUD has recently broken a tight range to the upside on the 30M chart. The overall market structure is an ascending channel. We are therefore looking for a pullback back to the range resistance level, which should coincide with the ascending trend-line of the channel. An RSI reading of around 40 would further confirm our trading idea.

SamKent

Taking a look at the GBP/CAD 4H chart, we can see we're currently trading at an important support&resistance level, we do expect some reaction here, so taking a shorter term short is appropriate. In the longer perspective, the next major resistance is around the 1.8500 handle, which would also complete a long-term W pattern. Some reaction there is very likely as...

SamKent

The EURUSD has broken the long-term trend-line on the 4H chart. Therefore, we're no longer in a clearly defined bear trend. That being said, we have a good selling area which is a point of confluence between a support and resistance zone and the 50% retrace of the overall down-move. Therefore, we'd be looking to short the pair at the supply zone, however, given...

SamKent

The AUDUSD is in a clearly defined bearish trend, as can be seen by the fact that it is trading below the Kumo and the Kijun sen on all 3 time-frames (1H, 4H, 1D). In a bear trend, we're looking of course for shorting opportunities, and we generally want to see a with-the-trend impulsive move, which is then followed by a counter-trend/sideways corrective move, at...

SamKent

The EURJPY looks to be heading towards our well defined role reversal level at around 148.165, this level also coincides with the 50% measurement of the overall down move. Therefore, we're looking for some candlestick reversal confirmation at our level, after which we'd be short the market, aiming to get back to recent swing lows around the 146.800 handle.

SamKent

We're following the EURAUD on the 1H chart, the trend and momentum are clearly bullish, and we're looking to buy the pair at a correction into a point of confluence between the ascending trend-line, the 50% fib of the up move, and the horizontal support and resistance area. Our stop will be just below this point of confluence, and our target is at a minimum the...

SamKent

We've got our orders set up to trade this potential breakout of the descending triangle in the CADCHF, the projected target is around the 0.8323 level.

SamKent

The USDJPY has broken the kumo to the downside on the 4H chart. We'd like to utilize this strong market momentum and short the pair, we don't, however, want to short it at current market prices as we feel it the decline is a bit extended at this point; rather, we see the potential 3 point, of a bearish 1-2-3 pattern, as our selling zone. This point should coincide...