JavonDias_Trading

JavonDias_Trading Updated 

I start off by stating that I do not actively trade in indexes but would like to share my thoughts on SPX similar to what I did with DJIA. The SPX has had an incredible run since March 2020 (2194) to the high of 4808 made at the beginning of the year. What were the reasons for this? 1) Low to no interest policy of the FED 2) Optimism of recovery from Covid and...

JavonDias_Trading Updated 

I do not trades stocks or indexes at all but technical analysis can be applied to any instrument so this is my view on the DJ Index. The DJI has had an incredible run since March 2020 (18183) to the high of 36855 made at the beginning of the year. What were the reasons for this? 1) Low to no interest policy of the FED 2) Optimism of recovery from Covid and...

JavonDias_Trading Updated 

Head and shoulders on H4 Nice harmonic pattern on M15 Waiting for a double top Countertrend Targeting 0.8380 at a minimum hoping it will break lower Stop-loss above 0.8470 (above the head)

JavonDias_Trading Updated 

FACTS: 1) USDCAD is in a strong uptrend 2) This is seen in the daily and H4 charts 3) USD is still very strong but going through a retracement 4) There is a harmonic pattern completing around 1.2730 - 1.2740 5) Oversold in M15, M30 and H1 Let's wait for divergence to hop into this trade. Good luck!

JavonDias_Trading Updated 

This is a counter trend trade, so it is best to monitor it closely. If there is a break and close above 0.9700, I will close at least half the trade. The USD has been spectular but every currency ebbs and flows. There is a chance for us to buy USDCHF but it also means we can sell it to get there. USDCHF has made a high of 0.9700 yesterday and it is showing...

JavonDias_Trading Updated 

We are now officially in a bearish market. When this happens, currencies such as AUD, NZD, CAD will fall. USD, CHF and YEN will strengthen. AUDCAD is very bearish and I want to follow the trend until there is a buy pattern at 0.9065. The only concern I have is the H4 double bottom with divergence that may spoil the party. I am watching for 0.9203 to break in...

JavonDias_Trading Updated 

AUDNZD has reversed on the Weekly Chart with a harmonic pattern. It has dropped by 150 pips from the high and is now retracing. There is a harmonic pattern to sell now. M30 and M15 is OB. We will wait for the double top to pull the trigger.

JavonDias_Trading Updated 

EURGBP moved up quite rapidly but it is likely to take a breather. There is a harmonic pattern with H4, H1, M30 and M15 being overbought on RSI. Divergence is beginning to kick in as well. Will wait to see the reaction on Monday morning to place a trade.

JavonDias_Trading Updated 

The stock markets have been falling and along with that AUD, NZD and CAD will also fall. YEN, USD and CHF are the big winners when there is a bearish market. This pair has turned bearish so we will sell this at the double top targeting the previous low.

JavonDias_Trading Updated 

We see a M15 harmonic pattern that did not quite complete but there is enough reversal signs to show it is going up. m30 and m15 is oversold with divergence. Stop loss is below 1.3570. Trade is already active.

JavonDias_Trading Updated 

Last week we picked the USDCAD bottom really accurately and it moved from 1.2490 to 1.2710 effortlessly. The move even caught us by surprise and we only netted 80 pips. Now this pair is overbought and looks ready to be shorted. 1) H1, M30, M15 is OB on RSI 2) Divergence showing 3) Last week's high will be resistance. Won't be in a hurry to short this though. It...

JavonDias_Trading Updated 

Harmonic pattern on H4 to sell at around 1.0350. There is also nice divergence in H4. Will wait for Monday market open to sell this pair. 1st target aim is 1.0257

JavonDias_Trading Updated 

This pair has reached Target 1 from the big pattern sell from 0.7070. There is a small harmonic pattern to go long. Waiting for M15 Divergence to confirm. Stop loss is marked out.

JavonDias_Trading Updated 

AUDJPY is hitting a nice zone to go long. 1) M15, M30, H1 oversold 2) Divergence 3) Trend is up 4) Nice harmonic pattern. The stop loss and target is marked out.

JavonDias_Trading Updated 

This trade is against the trend. RSI on H4 and D1 is fully overbought. There is massive resistance on a monthly/weekly chart. This trade needs a few days to pan out. We need to see weakness on the smaller timeframe to execute the trade. Currently NO ACTION taken.

JavonDias_Trading Updated 

This is a counter trend trade. However I see USDCAD oversold on H4, H1, M30 and M15. Divergence present in M15, M30 and H1. Nice harmonic setup as well. Stop loss is 60 pips and we will exit quickly as it is counter trend and look a short opportunity.

JavonDias_Trading Updated 

- Against trend - Harmonic pattern on H4, H1, and D1. - Divergence is present on H1, M30, M15 - Target 1 is 0.7005 at which point we will go long

JavonDias_Trading Updated 

USDJPY is in a strong uptrend. There is a M15 double bottom with Divergence. Entering a long position with a target of 70 pips.