DJW1998

DJW1998

Hi everyone, Please see my XAUUSD 1H chart analysis attached. As we can see gold has settled into a consolidation phase, while doing so it has started to create a wedge creating pressure for a breakout. I will be watching this closely to wait for a breakout of the wedge and potential confirmation of a movement to the upside or a move to the downside. Keep an...

DJW1998

Hi everyone, Please see my USDJPY 4H chart analysis attached. I have entered a sell/short position on this pair. Price has come up to the high of the 2nd April which when this price was hit it had a sharp descend downwards. Stochastic is about to cross also showing potential downwards momentum. Stop & TP's are on chart but I will list below: - SL: 110.845 -...

DJW1998

Hi guys, Please see my EURCHF 1H chart analysis. As we can see the price has been trading within a channel since march and the price has now hit the top of the channel and we have had a few bearish candles following the touch. I have entered sell positions on this and i will list below my take profit and stop: - SL: 1.09661 - TP: 1.09206 Any likes and...

DJW1998 Updated 

Hi guys, Please see the attached chart for GBPAUD running on the 1H timeframe. I have entered sell positions @ 1.84434 as we have come up to a resistance level dating back to June 4th. I am looking to tap into the area of 1.8364. My stop is placed at 1.8451. Happy trading. DWFX

DJW1998

Hi guys, Please see attached my chart analysis of the AUDCAD 1H chart. As we can see price is consolidating in the channel and has now pushed back down towards the support. From here as marked up we have 2 options: 1 - Wait for a bounce off the support and a bullish candle to follow and place a buy looking to tap into the price range of .9376 - .9394 2 - Wait...

DJW1998

Hi everyone, Please see my XAUUSD chart analysis which has a potential buy opportunity coming into play. As we can see the price rose up and came to support and then broke through and the price is now using that as resistance and is struggling to break through. We have some bullish momentum going at the minute so wait for a close above the resistance area at...

DJW1998

Hi everyone, Please see attached my GBPEUR chart analysis on the 1H timeframe. As we can see there is a resistance line which is being respected as price has pushed up and been forced down multiple times. I am expecting a potential touch and a push down to the box drawn out around the 1.1575 mark. As always wait for confirmation of this, wait for bullish...

DJW1998

Hi guys, Hope everyone had a great weekend. Please see my analysis attached for US30. As we can see there is a downtrend taking place with a trend line being respected. I will be watching this carefully to wait for the bearish candle to close and potentially look for a short trade back down to the support marked up. Any like or comment would be much appreciated. DWFX

DJW1998

Hi guys, Please see my analysis of GBPNZD attached. As we can see on the chart price has pushed up to a resistance area which has been respected since may 21st. If we take a look at the indicators we can see the RSI is pushing up to the overbought area and the stochastic lines are almost crossing over, both are signs of a potential reversal and push to the...

DJW1998

Hi guys, Please see attached just a brief chart of GBPJPY on the 1H timeframe. As we can see there is a potential double top forming so I will be watching price to see if we get a push to the downside to break the neckline. If we get a break of the neckline this should bring further selling pressure into the market and give us a strong push to the bottom of the...

DJW1998

Hi guys, Please see attached my potential trade setup for GBPCAD. As we can see there has been a double bottom formed so if price closes above 1.71132 then I will be entering a buy position looking for it to push up to the take profits below. -SL: 1.71019 -TP1: 1.71361 -TP2: 1.71500 DWFX

DJW1998

Hi guys, Please see my GBPJPY 1H timeframe chart analysis. As we can see the price was testing support around the 154.500 region and was struggling to break through with 2/3 touches in that area but we have now broken through and the price is rising back up which could potentially now be resistance and give us a rejection to the downside. Not actioning any...

DJW1998

Hi guys, Please see my EURCHF analysis attached in the 4H timeframe. As we can see on the chart the pair is trading within a falling channel and the price has come down the bottom of the channel hitting support and having a slight bullish push upwards. If we look at the RSI in line with the price movement of the pair we can see that as the pair hit support it...

DJW1998

Hi guys, Please see attached my analysis for the FTSE100 1H Chart. As we can see we have the price is trading within a channel and is pushing up towards a well respected resistance level around the 7120 region which has had a few taps into that area but hasnt managed to break through. We can also see that the RSI is approaching the overbought level above 70 so...

DJW1998 Updated 

HI EVERYONE, PLEASE SEE MY EURJPY 1H CHART ANALYSIS HERE. AS WE CAN SEE WE HAVE HAD THE PRICE PUSH THROUGH THE SUPPORT WHICH HAD MULTIPLE TOUCHES. IT BROKE THROUGH RE-TESTED AND WE THEN HAD A STRONG PUSH TO THE DOWNSIDE. WE NOW HAVE THE PRICE BACK UP TO THE SUPPORT NOW TURNED RESISTANCE LEVEL AND CURRENTLY HAVE A BERISH CANDLE FORMING. I WILL BE WAITING TO SEE...

DJW1998

Hi Guys, Earlier On Today I Did A 1H Chart Analysis On Gbpusd. After Letting The Market Move I Have Reassessed The Pair And Am Bringing You Guys My Update. As We Can See From Earlier We Have Gbpusd Trading Within In A Channel With Support Around 1.40860 And Resistance Around 1.41495, With This In Mind I Am Waiting On A Bearish Push To The Support Level To Look...

DJW1998

HELLO EVERYONE, PLEASE SEE ATTACHED MY CHART ANALYSIS FOR USDCHF ON THE 1H TIME FRAME. AS WE CAN SEE THE MARKET HAS PUSHED DOWN TO A SUPPORT LEVEL /AREA AROUND THE .89472 MARK. PLEASE SEE BELOW MY REASONS FOR A POTENTIAL LONG TRADE: - WE HAVE HAD A TOUCH AND CURRENTLY WE HAVE A HAMMER FORMING WHICH IS A PIVOT CANDLE TO POTENTIALLY SHOW SIGNS OF A REVERSAL. -...

DJW1998

HI GUYS, HOPE EVERYONE READING THIS IS WELL. PLEASE SEE ATTACHED MY ANALYSIS OF GBPUSD. AS WE CAN SEE IN THE CHART WE HAVE THE PAIR TRADING WITHIN A CHANNEL WHICH I HAVE DRAWN OUT WITH BOXES TO DRAW RESISTANCE AND SUPPORTS AREAS. WE CAN ALSO SEE THAT THERE IS A RESISTANCE LEVEL BEING RESPECTED WITHIN THE CHANNEL. THERE IS A FEW WAYS WE COULD LOOK FOR ENTRIES...