jseymour84

jseymour84

On the daily chart the $EURAUD has been trading between 1.55203 and 1.57843. At the close of the last daily candle the market closed below 1.55203 so I am expecting continued downward momentum in this pair. My entry is going to be as close 1.54879 as I can get it, with a stop loss at 1.55904 which is equal to 1 ATR from the entry candle. Profit targets are at...

jseymour84

I am seeing EUR/USD ranging between 1.1454 and 1.1804. If price can break out to the downside of this range, I think it can reach 1.1339 before finding support again. I would take two positions on this trade so I can take profits at 1.1339 and then trail stop the other in case 1.1339 doesn't hold as support. Initial stop loss on this trade should be at 1.1557...

jseymour84

I don't normally look at non-USD pairs, but I was asked for my opinion on this pair on Twitter. Price is trading under the 200 SMA, and the 5 EMA has crossed below the 10 EMA. If I were a Magic 8 Ball, I'd say all signs point to bearish. 127, 125, and 122 are all potential support levels so even entering late can still provide at least a 1:1 risk versus reward...

jseymour84

Price is under the 200 day SMA and the 5 day EMA just crossed below the 10 day EMA. Price is in a long-term bearish trend and is about to head south again. Set stops at previous swing high and take profits when the 5 day EMA crosses above the 10 day EMA.

jseymour84

The $EURUSD pair is currently trading below the 200 day simple moving average, suggesting that the long term trend is bearish. The 5 day exponential moving average has just crossed below the 10 day exponential moving average which tells us that the market is likely to move lower. This trade historically has had a 50% win rate with an average loss of around 65...

jseymour84 Updated 

$EURUSD appears to be the gift hat keeps on giving. While we appear to be in consolidation, we can use a micro trend to get a nice 2:1 risk reward opportunity. Identify & Predict We have a micro bullish trend starting at 1.2153, and then price pushes up to 1.2364 before retracing to 1.2270. Price then extends to 1.2445 before beginning a retracement. I am...

jseymour84

I hope you all are having a great weekend. I am toying with the idea of posting a weekly analysis of the FOREX markets that I watch every Saturday showing important levels, what I am watching for, and my market forecasts. I hope this sparks a lot of discussion in the comments because anyone with more than 14 days market experience knows that there is an infinite...

jseymour84 Updated 

The trade is described in the chart annotations. At this point, we need to wait and see what the market does at 1.3785 before we have a clear indication of how to get involved. I am not actively trading this setup but if I were to do it, this would be how I attack it.

jseymour84

The $EURUSD pair seems to have found support at 1.2295 on the 240 minute chart. This pair recently came up to 1.2351 before falling to 1.2295 and spending several bars there without any bars closing below that level. The RSI is below 50 so I believe that the upward move still has steam in the tank to climb up. I am aiming for 1.2560 which is a retest of the...

jseymour84

The EUR/USD is showing signs of a bearish trend extension as the current retracement on the 4-hour chart appears to be weakening. The RSI is near overbought and the current 4-hour candle is bearish with a long downwards wick. The bulls are still fighting, but I am anticipating the buying pressure to let up soon as this candle can't seem to maintain prior bullish...

jseymour84

The GBP/USD is approaching a Fibonacci and structure confluence zone which may result in the end of the current retracement. I will be looking to enter short once RSI confirms the end of the retracement and looking for targets at a 127.2% extension. This results in a positive risk-reward scenario with stops at 1.4070. The green zone indicates profit targets...

jseymour84

The AUD/USD 240 minute chart is showing potential for a double bottom. If it completes, this would be a trend continuation trade that would present a 1.3 reward to risk ratio trade. I would look for a bullish entry with stops below the previous outside return and a profit target at the previous structure high. The market is trending bullish which means that if...

jseymour84

The GBP/USD is looking like there is going to be another bullish extension in the trend. I am looking for price to retrace into the purple zone, then getting long to ride the extension up to the green zone. My stops will be below the red line and the risk profile looks to be about 2x reward to 1x risk. I will be looking for an entry signal on the 4-hour chart...

jseymour84

The EUR/USD on the daily chart is currently in a bullish trend. Price is currently retracing before a potential extension upwards. I am looking for price to enter previous structure zone (identified in purple) and then an entry signal on the 4-hour chart before getting long on this one. Profit targets are in the green zone, with stops below the red line. The...

jseymour84

The GBP/USD recently put in a double top on the daily chart which is signalling the end of the bullish extension move from 11/02/2017. Based on previous price action structure, I am anticipating a move back down to between 1.3681 and 1.3320. If price action enter this zone, then I will be looking for RSI to fall below 20, then for the market to put in a higher ...

jseymour84

A friend asked me to analyze this pair, and looking at my normal time frames, I am seeing a sell as this pair is currently in a bearish trend. If you don't have short sell capabilities, I would look for a long entry (buy) at 1.1720 to ride the retracement and sell at 1.6721 for a $0.50 move. Otherwise, sell at market with targets at 1.1720 and a stop at ...

jseymour84 Updated 

EUR/USD was consolidating, then broke out for a big move up before consolidating again. Price recently broke out to the downside, so I am looking for a long opportunity within the green rectangles. These areas line up with previous structure levels as well as Fibonacci levels so these are likely key reversal zones Target will be the bottom of the consolidation...

jseymour84

There is a potential opportunity to get short on the GBPUSD. The market looks to be in a bearish trend with two potential target zones coming up. At first glance the trend looks to be a bit weak considering the each low is not far below the previous low, so if I were to trade this I might be a bit conservative and look for a double top or other reversal pattern...