jamiekent123

jamiekent123

USDJPY looks to be presenting us with an opportunity to get long with a reversal of the longer term down trend being part of the drive behind this setup. The support areas to note are as shown around the 50% and the 61.8 retracements. Another support area for a second opportunity if price fails is indicated at the bottom right - price has confirmed this support...

jamiekent123 Updated 

Another possible breakout move which can be quite clearly seen on the chart. We are looking for a break above the trend line, then a pullback to follow which will allow us to get better entry placement. Confluence points for this trade - 1. Bullish divergence on the RSI since July. 2. Bullish divergence on the MACD also since July where we have seen evidence of...

jamiekent123 Updated 

4hr Timeframe. 1. Sustained selling volume for 4 bars. 2. Touch trend line before break. 3. Break of RSI trend carrying from 5th sept. 4. relative negative sloping on UO. 5. Bounce off of major resistance level at 0.87011. Watch for break of the trend line then enter on the pullback after it is identified. GBP pairs are in a unique situation after the Brexit...