jjohnsonjai

jjohnsonjai

This is a Medium-Long term trade setup based purely from analyzing price structure, trends, and patterns. This setup may take a few weeks to be ready for active trading. The trade assessments have been taken from using the 1W charts. The trade decision/entry point will be produced using the 1D chart and only the 1W chart if I see nothing blatantly obvious on the...

jjohnsonjai

We just saw a large move upward towards strong resistance. Price quickly tumbled as expected when testing resistance. The last candlestick is a small rejection candle, made during London and New York sessions which signals a possible retracement to restest resistance. There is still some uncertainty with this setup which is why is is low risk. The SL is only 28...

jjohnsonjai Updated 

From the open to Sydney session to the close of New York we saw a large downward movement. The movement was strong and convincing that it would breach through the support level. However within the last hours of London and New York we can see the strength of this support level. The strong downward movement in now a bullish candle showing a large rejection wick . A...