JordanWillson

JordanWillson

The US Dollar has been motoring over the Loonie for a while now and it has reached a demand point which has shown to be a turning point. We could see this pair going down to possibly 1.25000 psychological level.

JordanWillson

I caught the last drop from the previous high created and now price currently being rejected on the trend line. Who's going to catch the upside move?

JordanWillson

I'm in this down to the demand zone and psychological level of .7200 - Gets busy later on with US news so will be watching closely.

JordanWillson

WAIT for this pair to break the wedge, it's stuck in a consolidation period so hold tight and let it break either way.

JordanWillson

Wait for the downside bounce and short!

JordanWillson

Will we see a break of the 89.90 level to start the rally upwards and back into known territory for the Dollar? Could 92 / 93 be on the cards...

JordanWillson

A clear break of the counter trendline with a consistent powerful show coming from the bears in this market. Do we go back down to the 6k mark? Or will we have trouble breaking 8600 - 8500 ?

JordanWillson

Perfect pinbar candlestick formed on Tuesday showing some bearish control coming back into play. 10281 price is showing some resistance and a key level so lets see if the retracement now completes and breaks back through 38.20%.

JordanWillson Updated 

Could Bitcoin have the potential to reach the key area of $5,800 mark?

JordanWillson

Last week we saw a double bottom created on USDCAD 4 hour, with a decent outcome of the NFP last Friday it sent the Dollar flying against CAD. Clearly showing the double bottom pattern would have been perfect to buy once completed.

JordanWillson

We have a triple top created on the EUR with great convergence with the RSI respecting a simple resistance at around 60% . If the triple top plays out and still fits my idea after market opening this evening, there is no reason this pair cannot fall to the 1.21500 supply area and further to 1.20711 support. Although we do have to take into consideration...

JordanWillson

Could we see this pair pulling back down to a monthly support / physiological level of 1.3600 ? Maybe the Pounds post Brexit highs are now running out of steam after this huge push, however with everything going on in the US with Trumps recent decisions could the Pound push higher to the 1.4000 region. Lets see where we open this evening as the daily...

JordanWillson

Here is a clear example of a double top forming on USDCHF 4H. It also perfectly respected the monthly support / resistance at 0.96560 - 61.80% fib level AND a key area of demand to the downside. Perfect set up to go short at that time, if you had you would have made an average 40 odd pips!

JordanWillson

The price is sitting within a very important area containing the monthly support / resistance and also a powerful demand / supply zone. At the moment it is pushing to break the monthly pivot along with the 78.60% fib level, I will not be entering until there is a clear break of this blue zone and a show of power to the upside. Possibly then heading back to the ...

JordanWillson

At the moment we have this pair ranging after it's trend line breakout on Friday creating uncertainty whether it will return to the downside or not. Patience patience patience, let it breakout to either side of the box THEN enter!

JordanWillson

Currently price is being pushed into a wedge pattern on a 4 hourly , we have slightly movement in the RSI but oversold on the Stock. Could be a potential turning point for this pair as it is sitting in a key demand area to the upside. This may be the breakout of the wedge and a climb back to 113.000 region next week.

JordanWillson

Looking at the level GBPUSD is currently at and with the daily time frame showing a tight closure on Friday bang on the trend line, we could see this pair begin to fall next week. Tuesday is a very busy day for the Pound with CPI due for release, let's see if it respects the trend or not.

JordanWillson

Potential double top or a reversal back to the trendline, if it breaks 38.2 fib level could show stronger signs of this reversal to the upside happening. Indicators are good for a nice upside climb.