nelsyboy

nelsyboy

Despite a tricky run from 15Jan to 3rd Feb you would still have a good result by following the overall trend based on the weekly charts. Price is currently re-tracing the move that started in Nov2014 high and ended with a March 2020 low. Price is now half way there, i.e. 50% FIB and so things could get even more choppy. However, by sticking to BUYING only when...

nelsyboy Updated 

I am long GBP/USD and this is based on the retrace from the final low all the way back up to the last high top in 2018. There may well be an overshoot to the max 100% retrace but this is my current thought.

nelsyboy Updated 

I have been selling this pair each time the Heikin-Ashi candle closed red below the Donchian mid-point line. I believe another leg down is on the cards and my long term target price is currently 16179. This is based on the weekly chart and retrace from the high of 20851 in March 2020.

nelsyboy

I am currently long this pair. I believe the target price is 1.00112 based on the retrace back up to the March 2018 high. This price represents the midpoint between the 76% and 100% on the weekly FIb retrace which is a common finish. I have also used the Fib tool to project the strength of the retrace from the March 2020 beginning and this appears to match up.

nelsyboy

Keeping with my daily close idea. This time I am incorporating important close price lines. This is a BUY idea based on the price on Thursday closing above a previous swing low price. Friday might have been a slight pullback but instead, the buyers stayed in control but only just. My idea is that as price has broken one level, it will proceed to the next level.

nelsyboy Updated 

Looking at Daily closing price. Monitoring idea.

nelsyboy Updated 

Just an idea based on daily closing price.

nelsyboy

Continuing with the theme of monitoring daily closes and buying/selling on the pullbacks. This idea also includes an interesting trend line.

nelsyboy

Continuing the idea of daily close prices and a lower close price below that of the previous selling (red) candle.

nelsyboy

Trying out some new ideas on the daily charts and this is one of them.

nelsyboy Updated 

On 16th Dec price closed above the previous high close on the 9th Dec. There has been a test of that price on 18th Dec but significantly, price closed above that level. Therefore, you should keep an eye out in lower timeframes for a break UP from Fridays trading to confirm a BUY at a decent price.

nelsyboy

Todays candle looks like a turning point for a move back down. There may well be another attempt to get close to the top again before the move down.

nelsyboy

A run of nine days finally stopping at a FIB line. You can always wait for a breakout in a lower time frame for confirmation.

nelsyboy

Looks like a tiny double top and buying running out of steam. You could always watch for a break in lower time frames to be sure.

nelsyboy

Looks like the SHORT is the most dominant idea right now. If there are a lot of tight SHORT STOPS, will this mean a further leg higher to the recent extreme of 1.34832 in order to collect those STOPS before the real selling begins. We will find out soon enough.

nelsyboy

Possible double top forming. Certainly worth watching in lower timeframes for a clear break down.

nelsyboy

Possibly a double bottom forming. Price has settled into BUY zone. A tentative BUY perhaps and worth watching closer in a lower timeframe for breaks up.

nelsyboy

Looks like reverse head and shoulders pattern in play. TD sequence and slowing selling momentum. The signs are it's a BUY.