benjamintrades

benjamintrades Updated 

EURAUD H and S pattern formed. Not only do we have the pattern, but the fact we’ve recently used the trend line indicated as a nice bit of resistance, adding to the fact that we should see some downside on the pair. The EUR is looking quite weak overall today with all pairs running in the negative. I’ll be taking shorts if we see a break of the blue line....

benjamintrades

Caught a great break out of the channel yesterday, with a gain of 100 pips. After posting my analysis yesterday I began to notice many people favouring the fact that we were going to drop bellow support and plummet and therefore began to doubt myself. However, we went against the grain and it paid off! This was a great example to never doubt yourself and trust...

benjamintrades

GBPJPY has been consolidating for some time now, create a near perfect channel. I would like to see price come down and touch the bottom channel once more before closing above the line at 139.40, only then will i be looking at my first long on this pair. As I’m siding toward upside movement as the overall bias, i'll be looking for the upper channel line to be...

benjamintrades Updated 

A nice Head & Shoulders pattern has formed toward the top of the trend. The neck line has been broken and we should therefore see some move to the downside. I would expect this to come at around 7am when the London session begins. I feel targets should be set at the 1.8800 level where can also see some stability at this level during previous trends as well as...

benjamintrades

Caught the move last week where price broke the trend, retested and then made a fairly big break towards the downside. Each of the three take profits were hit at the fib levels on the fib extension and we closed on Friday perfectly sitting on the 1.618. This level is where price was used as resistance many a time back in September. As a result, I would be siding...

benjamintrades

Caught the move last week where price broke the trend, retested and then made a fairly big break towards the downside. Each of the three take profits were hit at the fib levels on the fib extension and we closed on Friday perfectly sitting on the 1.618. This level is where price was used as resistance many a time back in September. As a result, I would be siding...

benjamintrades

After the bias to my last BTC idea still partly withstanding, I’ve come across another indication. Considering the fact that we failed to break the red resistance line at $7000 over the weekend, i believe that a small pump to $8000 could be on the cards. Not only is $8000 a significant number for BTC to consolidate at, but it also lines up with the 0.382 fib...

benjamintrades

As mentioned in my previous BTC post, we’ve come down and broken through $7000 but the question still holds – will the daily close below? Now for some this may be the time to buy as price touches the trend line for the 5/6 time and we’re at a significant level. Nonetheless I feel price may consolidate along this level for a few days and maybe even drop towards...

benjamintrades

Its fair to say VET has had quite the pump in the last 4 weeks almost tripling in price. However, in just a few days, we sharply dropped back to around 0.00500, a level in which price has used as resistance a few times in the past. Price may now be using this as support for the current retracement also lining up with the 0.618 fib. Price has wickd below bouncing...

benjamintrades

Can we bounce from the .786 fib level, the resistance at $7900 & the bottom trend line? Seems likely, however this is BTC!! If not, a drop to our next level of resistance is likely at $7450. Some wick fishing is bound to happen also, so don't be surprised if we drop passed $7000 and bounce back up.

benjamintrades Updated 

0.26000 - 0.25000 is proven to be a critical zone for XRP. Should we close above, we could be seeing a rather large move to the upside with targets of 0.31500. However, a close below could result in further downside leaving us with levels of 0.23500 as our truly our last levels of resistance.Should we close below that in the next few days, we fall into the abyss.

benjamintrades

AUDJPY has the potential for a great long as it lines up to complete the cypher pattern. 1. Anchor leg has been identified: X to A 2. A to B leg has crossed the .382 and closed above the .618 fib 3. B to C leg crossed the 1.272 and closes below the 1.414 4. In the fourth phase, we'll be looking for price to drop into the .786 fib and enter with longs from...

benjamintrades Updated 

kiwi dollar has seen quite a bullish day today however if we move to a lower time frame its evident we've began to slow as we close in on the 0.64300 mark as indicated. A close above the 2 month high could result in sharp move to the upside. If not, a retest of the ascending trend line below is definitely something that we could steal a 50 pip short on. Will wait...

benjamintrades

analysing the daily timeframe - we've been consolidating for around a month now however we're approaching a wedge in the market. It's also appropriate to take into account the fact that the 108.50 - 109.00 has been a significant level highlight in green. A close above or below this could give us sign of direction, as well as the two trend lines comes into direct...

benjamintrades

bounce.

benjamintrades

We've abided by the rules of the descending trend for some time now. Tried to break during September time, however failed to hold out above. We've now broken again and therefore looking at a retest and bounce from trend to see further movement to the upside.

benjamintrades

SHORT