jackjamesholmes

jackjamesholmes

Big inverse head and shoulders on one of GBP's most volatile pairs at a potentially VERY volatile time (Brexit). Lots of risk. If the right shoulder breaks the neck line the target is around 1.99

jackjamesholmes

AUDUSD has a few things lining up which I think makes for a good play. If we look for a 3 wave retracement to complete as AB=CD equality, it will hit bang on a long term Fib confluence level. Some further analysis on higher time frames supports the idea that it will then head lower. I might update the idea to show, if anyone is interested.

jackjamesholmes Updated 

Massive downtrend channel, we are very near the top at the moment. Also approaching the sharp end of a massive triangle

jackjamesholmes Updated 

Not quite sure if we should call this a wedge or a channel, but AUDUSD has a long term pattern here and it is moving towards the support line. If the support line breaks then the move could continue to 0.7

jackjamesholmes Updated 

BITFINEX:BTCUSD The precision of the confluence between the two fib retracement levels struck me when I was plotting out resistance levels. On that basis I suggest keeping a close eye when price reaches 12,961. A break above would be very bullish but I think it is likely there will be some retracement from near the 12,961 level before the next wave up.

jackjamesholmes Updated 

Simple head and shoulders play - worth noting that Euro looks very weak against USD since NFP and the level of bullish commitment on the Euro provides a lot of potential to unwind. Without worrying too much about fundamentals, though, this pattern looks to be setting up nicely. Wait for the neckline to break!

jackjamesholmes Updated 

USDJPY has bounced of the bottom of a very large triangle seen on the daily timeframe. Price is still towards the bottom of the triangle, but bounced off support, so I haven't picked a direction yet. once price breaks out, expect to see a big move which should last weeks if not months.

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I like the way that XRP has moved through the Gann Box here. Each time division brings a change of direction and the price levels have been pretty useful, too. Now we are in the final time column and the logic indicates price will close higher than it entered the same column. I think it's worth a bet, targeting the lover fib price level for TP1 and the next for TP2.

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XAGUSD I spotted the AB=CD correction pattern on the Silver chart and built out this idea around it. I will post some more images in the comments which give more context, but essentially it seems that we are about to being wave 3 of 3 (a powerful impulse wave) in a bullish wave cycle. This wave cycle seems to be moving away from a long-term low, so could end up...

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So XRP is putting in a decent recovery from the Great Crypto Crash of Jan 2018. Based on having broken out of the downtrend marked by the channel, as well as seeing the drop since the ATH as a three wave correction with wave C completing at the 0.786 extension level (see linked idea, in comments) - we can have a level of confidence that we have exited the...

jackjamesholmes

Dash to start a new bullish impulse wave. The previous full wave cycle is very clear on this chart, so it must be time for the next one!

jackjamesholmes Updated 

This large, bullish Gartley pattern is nearing completion and indicates that price will begin to climb soon. I have set out the pattern with point D very near to 9000, so will be looking for price to drop to there before going long, targeting the 61.8% level of X to C. I will activate the trade once I believe the pattern is complete. This is part 2 of this idea,...

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XRPUSD has been consolidating in a triangle since the ATH. It is now nearing the point of the triangle and I expect it to break to the upside. I am basing this on the strength of the previous bounces when price has hit the bottom of the triangle and the fact that the prevailing trend is very bullish. The point of the triangle corresponds with a level of triple...

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It looks like a very large, bullish Gartley pattern is forming around the correction from the ATH. For this to be realised, price will need to drop through a significant level of interest so watch for that to initiate the short position, which will target down to D. If and when D is reached, we would expect to see the bullish movement back up to the area of...

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I've had two trade ideas for the price of one here, not sure what the etiquette is on that so apologies if I'm not doing it right. Bitcoin has risen quite a bit today and is approaching the final point of my Gartley pattern plot. Once it hits D it's time to open a short position or two using the levels above for profit targets and stop loss.

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BITSTAMP:BTCUSD I previously posted a similar idea, I have now updated the position of C and feel more confident that price will rise to D before reversing on completion of the Gartley pattern. I am publishing this as a long trade, and the TP recommended is at D price level. I will update or add a separate idea to detail the short trade that I will favour if the...

jackjamesholmes Updated 

Take a look at this diagram showing the Bitcoin moves since the high. This looks so much like it's forming a bearish Gartley pattern I just had to share! I will update when I see whether it stays within the pattern...