AshleyB95

AshleyB95

127.800 previous high has been taken out and passed. Although October 27th candle wasn't looking to great I feel we may see 130.000 next

AshleyB95

USDJPY at previous resistance, would look to see a break of the trendline on the 4hr chart and look for confirmation

AshleyB95

AUDUSD - Short

AshleyB95

Expecting GBPJPY to fall over the next week or so. Could possibly see it reach 150.00 first which is a previous area of resistance. Should we get triggered in I would hope to see this reach around the 147.000 level long term

AshleyB95

EURUSD - Daily: - Head and Shoulder Pattern - 61.8 Fib Retracement

AshleyB95

DXY Daily: - Inverted Head and Shoulders on the daily. Would like to see a break of the neckline before making any big decisions on the USD Pairs - Break and Retest of the descending channel - Counter trendline being respected well currently - Completion of right shoulder matches up with 0.5 / 61.8 fib retracement

AshleyB95

Break and immediate retest of the descending channel, Hovering around a level of previous support at the moment

AshleyB95

Back testing that key area now, Where will we go from here, Break or Bounce? Will be checking the lower timeframes to confirm any moves. Daily candle close has shown failure to break that level and rejected it at the moment.

AshleyB95

Can we break this key area and carry on with some more bearish movement? Couple of possible targets ahead if we can

AshleyB95 Updated 

Could be time for USDCAD to rollover and make some movement to the downside? Series of lower highs and currently hovering in-between the 61.8 fib and 78.6 fib level. Previous days high was also tested and rejected again which has been highlighted in the chart. One more thing that we can see from this pair is that the yellow highlighted area was a region of...

AshleyB95

Consolidation period highlighted in the black box and finally we broke to the downside. Now we are back up to this level which was key support previously. If we can break through it again we could see more upside potential from this pair

AshleyB95

EURUSD Shorts coming into play? Will let the chart speak for itself, Couple of downside targets highlighted aswell. What reasons do you see?

AshleyB95

GBPJPY - A significantly large bullish candle broke out from our long term consolidation of this pair. I would expect a pullback towards to top highlighted area now to retest previous resistance which would now be acting as support. If we get this pullback I would look to go down to the smaller timeframes to look for an entry to go long

AshleyB95

USDCAD could possibly head back up towards the 61.8 fib level for a retest of previous short term support. If it reaches this level I would look to go short and look for it to make a new low

AshleyB95 Updated 

NZDUSD broke the descending trendline and is heading back down for a retest. This matches us with the 61.8 fib level so we could see some bullish movement from this pair around that level. Inverted H&S pattern shown here aswell. If criteria is met then longs could be taken around the 61.8 level.

AshleyB95

Could potentially see more bullish movement from this pair over the coming days/weeks, Reason to go long on this pair: - Bullish Engulfing Candle - Consecutive Higher Lows and Higher Highs - Another bounce from the trendline - Rejection from the 61.8 Fib level

AshleyB95

Simple setup here on GBPCAD. The overall trend is down and we are currently in this descending channel. Potentially in for a third bounce with a decent risk to reward ratio. Stops placed above the previous high.

AshleyB95

Chart pretty much speaks for itself. Price is still stuck in this ascending channel making higher highs and higher lows. A break of this counter trend line could bring some buys back into play as I can see it continue to make another higher high.