itsjustanalysis

itsjustanalysis

According to Gann's Box, his style of forcasting and analysis, the short idea from 09/13/17 continues. The 22nd of September is a date that was important to Gann and has, historically, shown it to be a time where trends have significant turns of rejection or continuation. The highest risk/reward scenario remains keeping the short position open and adding to a...

itsjustanalysis

This weeks idea is a continuation of my idea from the 09/11/2017 . Short remains active . We had a firm rejection candle to close the week and close either right below or right on an upward channel. I am looking for a break below the .7941 area to add to shorts. We have lower volume areas the further down price travels, so this could accelerate some bearish...

itsjustanalysis Updated 

1. Price was rejected lower at the .618 retracement, which is a significant level and an expected area of support. Price did move higher into the 4th Gann arc, but was rejected and we are not trading within that arc. This is bearish. 2. Price has failed to retest the break at this convergence area. We are trading below the 45 angle which confirms bearish...

itsjustanalysis Updated 

Gann said that whenever price and time are squared, changes in price action happen. We are right on the .5 time and .5 price zone. Probabilities are extremely favorable for a short and a change in direction. *This running in conjunction with my idea from earlier this week, I just happened to pull up this 'unnamed' layout when I was cleaning up my charts.

itsjustanalysis Updated 

1. AUDUSD was rejected at this Gann level. 2. Price could not go above the Sq9 level at .80553. Probability would favor a pull back to this square of 9 level and Gann trend line. If price does not hold here, expect some downside momentum as this would be a breakout below the upward channel.

itsjustanalysis Updated 

1. Price was rejected at the significant Square of 9 level. The retest was also rejected higher. According to Gann’s time theory, this 52 day area is a key reversal area but is not confirmed by his lunar theories. 2. Price has tested the next significant Square of 9 level at 1.19880. A break of that level and a break below the 2/1 Gann angle would confirm some...

itsjustanalysis Updated 

Next key line of resistance is the 109.0 level, which is a significant Sq9 level and the .5 Fib retracement level.

itsjustanalysis

Open : 1.19177 High: 1.1994 Low: 1.1913 Key Resistance Levels: 1.19360, 1.19470, 1.19581, 1.19691 Key Support Levels: 1.19031, 1.18923, 1.18814, 1.18706 VPOC: 1.19241 EU session trading has propelled the EURUSD pair out of a consolidation area. This rise is mainly due to positive economic data for the EU. The news provided the catalyst for the move out of this...

itsjustanalysis

1. We have a classic tweezer top here with a firm bearish engulfing bar and volume to confirm the honesty of that price move. On technicals, this is extremely bearish. The entire movement of price completely enveloped the 3 previous days trading ranges. 2. The volume profile here is especially telling. The VPOC (Volume Point of Control) is waaaay down at the 2700...

itsjustanalysis

1. We have a firm rejection area turned into resistance here at. The .800 price level, coincidentally tat is near the Fib .789 area. The rejection is further confirmed by a 2-week-old Gann fan line, the top 8/1 line. Two tests of that level in combination with the rejection near the fib .786 level is a bearish sign. 2. Price on the day was mixed. However, prices...

itsjustanalysis

I am pretty bullish on this chart here. Yea, it looks like a 4 year old got ahold of a placemat at the restaurant and was then given crayons. It looks like a GD mess, I know. But bear with me. 1. This box of congestion here, near a historical support line has been thoroughly tested. And I’m not much of a harmonics guys, but that is a fairly clear AB=CD pattern...

itsjustanalysis

FX:EURUSD I had placed a Gann Fan at the high on 8/2/17 and let it remain there while prices continue to close lower and trade a range for most of the month. It has been my experience that the Gann fans you leave alone for a time show how much their lines can be respected. While price achieved a major high this week, it was firmly rejected, this can be seen...

itsjustanalysis

We have been ping ponging in this area for a little bit on the 25 tick renko. If we move back up to the 1.17745 area and it gets rejected, I would like to see it move down to the 1.1700 area and then breakthrough to the downside for a move towards the 1.16 area. I don't anticipate a huge move to the upside on technicals, but if we do test and range around the...

itsjustanalysis

This is a 25 tick Renko chart, I am looking to short if this retests this historical price line and fails to push higher or breakout.

itsjustanalysis Updated 

50 tick Renko shows that price right on the top channel of the pitchfork. Price could shoot down to return to the mid line (where theoretically most of the trading should happen in the channel. Or price could break out and up to continue its run higher. Stochastics have been overbought for some time and could remain so. The 20 tick Renko shows a little...

itsjustanalysis Updated 

USDCAD has been hammered and just hit hard. Looking for a reversal here after some testing. My reasons for a reversal soon are based on these technical indicators: MACD Just from my quick look back, we haven't seen the MACD this low since 03/2016. It is WAY down and looks like its about to cross up. We just need to be careful about oil's price which would/could...

itsjustanalysis Updated 

I am looking to short NZDUSD this week based upon these following indicators: Price Firm rejection candlestick on the 27th followed by a weak bullish candle on Friday's close. Weaker volume as well. But it remains above the cloud. RSI RSI is in overbought territory and I'm looking for it to start moving down from this level. OBV (On Balance Volume) There...

itsjustanalysis Updated 

There is a nice firm rejection candlestick on the 27th followed by a weak bullish candle on the 28th. Double top also on the daily. The OBV show lower high and has been testing it's EMA, momentum looks like it is weakening. RSI is in overbought territory and looking to start moving down. MACD remains very elavated at these levels.