JasonGraystone

JasonGraystone Updated 

After looking bearish for a while on this pair, we have seen a higher low and a break of previous resistance on the higher time frames. dropping down to the 60 min, we can see this recent bull flag pattern with a false break to the downside followed by a 3 bar reversal candlestick pattern. Although we have to break above the 7 flat number, this is still a good...

JasonGraystone

Lots of bears out to play this morning. This is one of 4 I'm looking at for a bearish continuation taking off some profits at a retest of the low then trailing to secondary targets. I did a run down of every trade in detail in this mornings live room session. Good luck in the markets guys.

JasonGraystone

Not much on the radar for today and i don't typically trade on Fridays however, I have my eye on this nice flag breakout. I can only trade the pull back and retest on this particular pair so patience.....

JasonGraystone

Following the rally today after the news, we have pushed up into the confluence zone we were looking at in last nights Trading Edge Video. Looking for an entry technique on the 60 to get short. Patience. Good luck Guys. Jason G

JasonGraystone

Baring in mind NFP is today, we do have this absolutely text book Gartley Pattern Completion on this pair. NFP in about an hour.

JasonGraystone Updated 

Looking at the EURUSD following yesterdays bullish break above 2350, the market is putting in this ascending channel with RSI divergence. There are a couple of conventional ways to enter this set up. I'm looking at three ways to get involved. a test of the channel resistance, a break and close below support OR an FTB signal. See you in the live room! Jason G

JasonGraystone

Following an overall bearish week (netting 330 pips with 6 for 6 trades), one of the pairs I'm looking at reloading on next week is the GBPUSD if we can get a retest of that 3850 level. I'll be looking on the lower time frames for an entry but looking to ride this down by trailing stops. Have a great weekend guys. Jason G

JasonGraystone

Shorted this pair following the valid set up of the Double top I was waiting for. Great risk:reward profile on this set up. Initial test = RSI over bought Retest = Bearish divergence on RSI We have also just had a lower low, lower close candle too so hopefully we can see some more bear pressure. I'll be taking profits off at the level shown on the chart.

JasonGraystone

Following the Bullish move last week, we are seeing signs that the market is potentially running out of steam. The ascending channel that is forming with RSI divergence coupled with the high test candle which could be an FTB signal entry shows all the signs that there is a good probability we will see buyers turn to fear driven sellers during the European and NY...

JasonGraystone

As market has pushed up into this previous level of resistance, you can see a re-test (DT) was formed at that level. We have since violated the retracement of the double top which means we are now setting up for a 2618 short. The conventional completion/entry point is at that 152.50 level too. Good luck in the markets this week. Jason G

JasonGraystone

Since the consolidation which started back in October 2016 we have slowly seen the market push out of the lows and form new highs. We are now approaching a significant level in this market. Its a level that was respected during the Brexit and also if you go out to the Monthly chart, you will see there are further tests of this level as support. As we drop down...

JasonGraystone Updated 

Seeing the fear driven sellers some into this market has created what is known as a "head and shoulders" pattern. This is a very successful reversal pattern in many other markets and although we haven't had the sample size of data due to the nature of this young market, it will be very interesting to see if we hold the test of the neck line once broken. We know...

JasonGraystone

Looking a the GBPJPY as we approach previous structure resistance, RSI has gone massively overbought and as market puts in this ascending flag or rising wedge, there is a sign that we are running out of steam as we see the bearish divergence on the RSI. Its likely that we will see a short relief move to the downside. See you in the live room. Jason G

JasonGraystone

We have another flag pattern setting up on the AUDCAD 60. This pattern indicates a loss of momentum as the market runs out of steam. Usually, filtered with some good bearish divergence on the RSI, we see a reliefe and a break to the downside out of this channel. Breakout traders, keep your eye on it..... See you in the live room. Jason G

JasonGraystone

For you flag, wedge traders, there is a bearish breakout pattern setting up here on GBPUSD.

JasonGraystone

Been taking some shorts on this trade ever since the violation of the H & S. We are approaching previous support so the opportunities are expected to slow down however there is this potential TC trade if we can get a pull back into my kill zone. Taking off some profit at a retest of the lows and then the remaining position at 6852. Counter trend traders will...

JasonGraystone

Lots of consolidation over the last week or so which means lots of pattern opportunities. this pair has a text book Gartley setting up at 111.36. We will be looking for entries in the live room this morning. See you there! Jason G

JasonGraystone

Text Book Cypher Formation on the 4 hour time frame. Long at 7239 conventional targets at the fib e382 and 618 retracements as per the chart here. See you in the live room!