jefferson_the_chartist

jefferson_the_chartist

I have been monitoring USDJPY for quite some time now and I believe we are likely to see some sell offs in the JPY considering the current overbought situation on other dollar pairs nevertheless we could also see an uptrend if we see something significant above the major level of resistance created.

jefferson_the_chartist

THE USDCAD has been considerably bullish for the most part of this year and therefore you will expect overbought situations to anticipate sells with extra confirmation, however it is my view the USDCAD May continue bullish considering current price on the MONTHLY chart

jefferson_the_chartist

I have monitored the dxy and have come to realize it is a very strong currency and we are likely to see a continuous rise, if there is a solid break above structure, we can expect a fall if we see it break below the hundred dollar price level.

jefferson_the_chartist

The Dow has'nt broken major structure in a long while and a break above will indicate a strong directional confirmation

jefferson_the_chartist

Finally Finally Finally;)- We can now look for short positions after a corrective or strong impulsive break below structure, we have nothing to lose with proper risk management

jefferson_the_chartist

The dollar index seems to be tired from attempting to run to heaven, :) We are seeing signs of weakness but let's wait for structural confirmation to get a clear directional certainty

jefferson_the_chartist

I'll take a long term sell and wait for confirmation after a corrective or impulsive break below structure

jefferson_the_chartist

XAUUSD has broken below a major structural level in what may be a simple break and retest for a downward continuation, we will carefully monitor price action around level X and Y to get a directional confirmation. NO RUSH

jefferson_the_chartist

USDCAD has been bullish so far this week and we may look forward to seeing some sells IF price breaks below a major structure

jefferson_the_chartist

We may start looking for bears on Dxy for now considering current price signals, we will wait for more confluence below structure before proceeding with any trade

jefferson_the_chartist

We have not seen price at the marked out level for a long time and therefore we can look for a significant upward move if it breaks above that level

jefferson_the_chartist

A clearer view on The 4H timeframe, If dxy fails to continue bullish then we can be sure to see a rise more likely than a fall/

jefferson_the_chartist

For now I think it's best to look at gold from the longterm get a clear directional bias based on how price will react to major levels

jefferson_the_chartist

AAPL has been on a strong downtrend and what we are seeing now is likely a correction in price but I will be looking bullish for now till further reaction aboveT1

jefferson_the_chartist

CADJPY has been in a strong uptrend for a long time and this is a sign of weakness we are seeing in a long while, DXY is also in an overbought situation and hence we would have top keep an eye on the dxy and a break below on the CADJPY for more bearish confirmation

jefferson_the_chartist

US100 is currently on a very strong downtrend and it would take a strong break above structure to confirm a bullish reversl

jefferson_the_chartist

Looking forward to a break below structure to initiate a comfortable entry after being stopped out NB; You reduce risk by allowing the market to tell you what decision to make based on price reaction

jefferson_the_chartist

DXY possible sell scenario is highly probable considering the overbought situation n