JonasBenjaminFriedrich

JonasBenjaminFriedrich

Daimler has reached the target to the downside as predicted a long time ago. Interesting it will now be to see weather this company can stabilize around current levels.

JonasBenjaminFriedrich

Despite giving us a good weekly close last week. Looking promising for some upwards momentum it seems like this momentum has stopped for the EUR/USD and the downtrend could very well resume. This signal is not valid yet however the pair is only under observation for what the daily close will bring us today.

JonasBenjaminFriedrich

USD/CHF has retraced to the downside after a bearish price signal in the first scale out level area like analyzed before. Now however it looks like the pair is interesting to play on the upside again with a price action signal for a long entry. First target would be the prior scale out area (prior top) and second target is still the longerterm area as analyzed before.

JonasBenjaminFriedrich

The German Market Index has reached an interesting level. A pullback move to the red area could definitely be in the cards from here on.

10:23

JonasBenjaminFriedrich

It will be interesting how central banks and the dollar react...

JonasBenjaminFriedrich

This pair should be watched in the next couple of session. Probably there will be a pullback on the smaller timeframes however as long as this price action signal stays intact there is a short swing possiblity at this point.

JonasBenjaminFriedrich

AUD/USD is looking interesting with a potential break below a key support area which could become resistance.

JonasBenjaminFriedrich

With markets making new highs and CHF as well as JPY weakening it looks like fear sentiment and risk off behaviour due to corona are calming down. We can now observe a break to to the upside in the USD/CHF invalidating a prior short setup I have posted.

JonasBenjaminFriedrich

USD/NZD has shown has a potential buy signal in the price action on the daily chart, where we can see a strong green candle (bullish engulfing). Looking at the 1 hour we can now see that this momentum is correcting, with the question in focus whether the up momentum will take off again. Typically we should see a 3 wave correction to the downside (ABC) followed by...

JonasBenjaminFriedrich

USD/CHF gives a possible short swing scenario at current levels. The bigger support area (blue line) has not been reached so far. This setup however becomes invalidated as we make another top over the one highlighted in red.

JonasBenjaminFriedrich

NZD/USD just now gave us some nice priceaction movement in the bigger support area. Should the daily close come in above the blue support level a swing to the upside becomes more likely. Trigger level can be a price over the 50% retracement again or a price over the little chart structure highlighted.

JonasBenjaminFriedrich

As analyzed prior I expected to EUR/USD with a move to the upside after reaching a bigger support area. This move has happened during the last trading session. Now there is a valid setup for a long swing. Currently I am waiting for the EUR/USD to retrace its last move about 50-61%. Should we reach this pullback level (blue), and see a price action signal in that...

JonasBenjaminFriedrich

Dow Jones as well as S&P500 are interesting on the 1h chart. Lets see what todays session brings. At the moment I prefer the scenario that we are currently in a corrective ABC up which will find its end around the 61% retracement. At this level another leg down could very well start, target area blue box. However should we rise over the 76.4% retracement this...

JonasBenjaminFriedrich

I have been observing EUR/USD for quite a while but so far no valid trade setup has come out of it. Now we are one level deeper and it could get interesting again. It is still early therefore this pair is something for the WL at the moment. A long setup could potentially come into fruition over the coming sessions.

JonasBenjaminFriedrich

In the last post we have discussed a potential double top in the NZD/JPY pair which could break to the downside as risk off sentiment in the market continues. This setup now looks active a short swing is possible -> target is the blue area.

JonasBenjaminFriedrich

This pair could get interesting today. Potentially a double top forming, as long as we dont make any new highs over the last two tops I am expecting a drop to the downside targeting bigger support one level down. Lets see about this one...

JonasBenjaminFriedrich

Bitcoin has corrected until the 7K area like forecasted. Also forecasted was a stalling und turn around in the 7K area. Now we can see first signs of the upside taking off again. However the correction in Bitcoin looks in the wave count not quite finished. We do have a break of a corrective channel giving us the possibility to ride back up in the 11K-12K area....

JonasBenjaminFriedrich

As long as we stay under the 76.4% pullback retracement a second leg down is likely. Keep in mind there is a FED Meeting taking place today which could turn things around. Lets see...