jacklynch20

jacklynch20

An uptrend may be forming here. Sellers have tired out and been met with significant bullish strength. Price strongly rejected the supply area and proceeded to rise. Will be looking for a breakout and retest of the trend line for long positions.

jacklynch20

Analysis also provided on the chart. Price has broken the uptrend. Will be looking for a retest and then a drop. However, it is a weekly uptrend line which has held numerous times (both indications of it holding strength) so this may just be a fakeout. What price does over next week should indicate what will happen. Be wary of long positions in this pair over...

jacklynch20

An intra-day trade of the breakout and retest

jacklynch20

Keeping an eye on this pair, what price does once in the highlighted area should show what will happen. Either price rejects the resistance and drops back down to the highlighted price, or it'll retest the trend line and head up towards the other marked price

jacklynch20

Huge swing trade here, will take a few weeks most likely to fulfil. The liquidity spike knocked out all sell orders until the marked key supply zone so price will eventually move up to that level. Perfect area for potential long opportunities.

jacklynch20

Price rejected the supply area and has made its way back down as we draw to todays close, leaving a lengthy wick on the top of todays candle. The pair could see a bearish run down to the next area of support, with the tp being halfway up the bullish candle to respect the market's movements.

jacklynch20

A bearish divergence has been formed, also in key supply/ resistance area. Looking for short opportunities

jacklynch20

Immense bearish power the past week. price is nearer to support than resistance and there doesn't seem to be many bulls coming in so this is likely to continue

jacklynch20

Alternative view - Trend analysis. A retest of the trending close line would send price up to tp1

jacklynch20

Supply and Demand Analysis

jacklynch20

Price is entering a fresh supply zone. It is a good short opportunity, however we need to wait another few days or even week before a confirmation is presented

jacklynch20

Price has entered a monthly supply zone. Price is still bullish but its momentum is slowly depleting. Will be looking for bears to take control in the next couple days providing a reversal confirmation.

jacklynch20

Update on the last idea, price has retraced back towards the demand zone, engulfing the resistance/support line in doing so, this is an even better opportunity to catch a long. We must wait for a reversal confirmation first.

jacklynch20

This is a nice potential long position to enter if you missed the point of reversal in the demand zone below. The entry area in question is the zone marked at the previous area of support. It has already been tested by the current wick and held up displaying the fact that it remains strong. Personally, I'm placing a buy limit there.

jacklynch20

Trading this demand zone

jacklynch20 Updated 

Trading the Demand Zone. Wait for a strong bullish pattern to indicate reversal before entering.

jacklynch20

Expecting a fall in AUDUSD, the 0.65640 level has held up as a strong resistance previously and is also a supply zone, so will be looking for sell limits in this area

jacklynch20

Looking for GBPUSD shorts after the bullish start to the week