javonjrb

javonjrb Updated 

Hello traders. On this 1H analysis of GBPUSD, we see the potential of an Inverse Head & Shoulder (I-H&S) pattern forming at the bottom of a descending parallel channel. The Left Shoulder (LS), Head (H) and the Right Shoulder (RS) have already been formed and we are now awaiting confirmation of the Neckline (NL) in the 1.34300 region. A good entry reason for this...

javonjrb Updated 

Hello traders. On this 1H analysis of AUDNZD, we have the potential of an Inverse Head & Shoulder (I-H&S) pattern forming at the bottom of a downtrend. The Left Shoulder (LS), Head (H) and the Right Shoulder (RS) have already been formed and we are now awaiting a break of the Ascending Neckline (ANL) shown by the yellow dotted line. A good entry reason for this...

javonjrb Updated 

Hello traders. On this 1H analysis of NZDCHF, we have a double bottom setup. We can see that price was rejected twice from the 0.64560 region, creating our First Bottom (1ST BTM) and Second Bottom (2ND BTM). An entry reason for this long position would be a break and close above the neckline in the 0.64870 region. The 0.65370 region is seen as a good resistance...

javonjrb Updated 

Hello traders. This 4H analysis on Gold shows us a trendline which has been respected multiple times. Based on technical analysis, if the trendline is respected once again, price is likely to retest the resistance level between 1778.55 & 1782.90. If this resistance level is respected, we may also see price falling to the support level between 1742 & 1753.18. If...

javonjrb Updated 

Hello traders. On this 4H analysis of Gold, we are once again at the resistance level in the 1795 region. Price may fall to our projected support level in the 1744 region again, or even lower this time. Only enter this short position if a valid entry reason appears, as there is also a possible chance of price heading higher to the resistance level in the 1795...

javonjrb Updated 

Hello traders. In this 1H TF we have an active double top setup on Gold. Price has been rejected in the 1795 region and could possibly move down to the support level in the 1744 region. A break and close below the 1790 region is a good entry reason for this trade. However, pay close attention to the support level in the 1785 region. This setup will be invalid if...

javonjrb Updated 

Hello traders. This analysis on the 4H TF shows us a possible double top setup. Though it might be a bit risky to enter this trade now, if the support level around 0.08600 is broken without any rejection or is broken and retested, the support around 0.68140 is a good place to TP. The bearish engulfing candle on the 1D TF also indicates strong selling pressure. A...

javonjrb Updated 

Hello traders. On this 4H analysis of NZDUSD we have a double top setup. We can see that the price was rejected twice from the 0.72150 region, creating our first and second top. Also, the neckline was formed in the 0.71370 region. An entry reason for this trade would be the strong rejection observed on the 1TF from the neckline in the 0.71370 region. The 0.70130...