jvaledon

jvaledon

Hi traders, here I am taking a long trade on the AUDUSD. My reasons for doing so are that price is hitting a monthly support level it has not hit since January/February of 2016 and on the Weekly chart I am already seeing rejecting as price has not broke the support level but is now making a double bottom formation. Now I am taking an aggressive entry here as I...

jvaledon

I don’t normally look at stocks but I love to see how technical analysis plays out on all financial instruments. I have set out these levels for AAPL and you’ll see how price moves according to these levels. Apple is trading at $214.45 but I see it coming back up to about $233. If I’m wrong and price breaks below $212 then I see price hitting $195. Let’s keep our...

jvaledon Updated 

Hi, I am shorting GBPCAD after seeing an engulfing candle form at resistance (on the 1 hour chart) which is also the 50 FIB level. The pair has been bullish so it might break through support in which I will then wait for a retest before going long but for now I am short and and looking to hold it until the next support level. R:R is about 4.5:1. Thanks for reading!

jvaledon

Hi, because it is Friday I will not be placing any trades but I do see a potential setup on the AUDJPY pair. The pair has been in an descending channel for quite some time and is forming a pin bar on the daily chart rejecting the upper trend line and also the 4 hour chart printed an engulfing candle. Also I do not use indicators often but they do provide some use...

jvaledon

I am short on GBPJPY. Looking to swing this for a while. Showing rejection off of trend line (Daily candle was a doji candle) and is also rejecting a weekly level.

jvaledon Updated 

An engulfing candle formed on the daily time frame and closed above previous support showing strong buying pressure. I will be buying and going long and looking to take my profit at previous resistance.

02:49

jvaledon Updated 

Hello everyone this is my first video so let me know what you think. I am looking to go Long on CADCHF. Price is at a weekly support level it has not seen since June.

jvaledon

GOLD Short Potential Going short on GOLD. I see an engulfing candle at resistance. Once previous support gets hit I will hedge long in case price wants to make a come back up and retest but will still leave my short open in case price wants to keep going down. My main bias for GOLD is short. Thanks for reading!

jvaledon

Price is approaching resistance at 50 FIB Level. Waiting for price action rejection candles (pin bar, doji's, engulfing candle) to show buyer weakness to continue with bearish trend. If price does break resistance then I will be looking for the retest to go long. Thanks for reading!

jvaledon

Pin bar rejection candle formed right below previous resistance. From experience, double tops (the reverse is true for double bottoms) where the second touch is lower than the first seem to drop harder and are more reliable than regular double tops. This would be the opposite for double bottoms.

jvaledon

USDJPY SHORT Price has been making lower highs and is now below the 200 EMA. I still see further downside for the US Dollar Index. Price broke an descending triangle pattern and MACD histogram is showing bearish momentum.My target is the 108.800 Level. Target profit is about 150 pips with a SL risk of 50 pips. I will take this trade for now before the US Dollar...

jvaledon

AUDUSD Potential Short As the US Dollar Index is pulling back into previous resistance turned support, the opposite is happening on the major pairs such as the EURUSD, GBPUSD, and here on the AUDUSD. I am still Long on the Dollar so I keep my bearish bias on the pairs just mentioned. Here on the AUDUSD we see price coming back up to previous support now turned...

jvaledon Updated 

Long Swing Trade on GBPJPY Based On The Weekly Chart Here price is touching a support zone that has not been touched since August of last year, exactly one year ago actually. I do respect weekly zones as price tends to bounce strongly, although a lot slowly off of them. My bias will be long on this pair but I will be trading smaller lot sizes because first the...

jvaledon

GBPCAD Waiting for a bounce or break of resistance I am waiting for price to pullback to previous resistance at price level 1.68000. Once it hits resistance I will look for price action such as doji's, pin bars or engulfing candles in order to enter short. My target for the short trade will be previous support at 1.66000 for a potential target of 200 pips. If...

jvaledon

I see a wedge pattern here forming for US OIL. Although price is respecting this trend line and I see a pin bar form on the trend line on the Daily chart I am just concerned with price making lower highs so I will be waiting for a break of this triangle before confirming a LONG or Short bias. Any feedback would be appreciated. Thanks for reading

jvaledon

The US Dollar index has been very strong and annoying. It seems like when we want a pullback on the dollar due to it's recent strength it just gets stronger. But now we have approached a critical level on the weekly chart (at 96.50) that the dollar has not seen since June of last year. A bearish engulfing candle formed on the 4 hour chart but due to recent price...

jvaledon

Hopefully DXY pulls back soon so that we can enter on a GOLD long position but only at the break and re-test of the trend line. I will short once price breaks support and comes back to retest. If no retest is made on either side I will place stop orders after the break out candles. Still looking closely at DXY and seeing what movement it makes. For now just...