jorhl

jorhl

Euro now approaching a daily key area of 1.1950 from where the price has had strong rejections before. So now expecting to see the same thing happening. US economy seems to be finding its feet and indexes are at their all time highs, all this indicating a strong US economy. Dollar has been in a heavy ascent for some time now and the current retracement may find...

jorhl

Apple about to reverse to the upside. Major Inveserse cameltoe pattern forming on the chart. Technicals don't lie, remember that. Cameltoe does not lie.

jorhl

Seeing this opportunity on GBP/AUD. Price currently rejecting the fib 61.8 level, which aligns very well with previous resistance from 10-11th February. What pa has done in the past day or so is take our the stop loss from short positions placed around 10-11th february. Now expecting to see a followthrough and price to hit the previous daily support level of...

jorhl

So I am looking at gold hitting the 1675 level. First level to break is 1765 in order to reach the previous daily support area once again. But before that happens I am expecting gold to push back higher into 1900s. First trade could be a nice long position from current 1825 support up to 1900 level. From there we would be in a selloff zone where Im expecting to...

jorhl

1.2850 has proved to be a heavy resistance zone for usdcad these past weeks. Blue lines are previous 4h levels which price has and still is respecting very well. I am looking if USDCAD will hit the 1.2730 support. Seeing a nice short opportunity from this current price action. 4h bearish signals all over the place around the 1.2850 level. Not to mention the trend...

jorhl

Continuation to my previous AUDUSD short setup, stop was hit and now saw the mistake I first made. Price had more room to go up and thats what it did. Rejection from 0.7640 level gives me confidence to enter short again, targeting the same level of 0.7569.

jorhl

Price broke the 4h supportive area. Now the entry line aligns with the previous support turned to resistance. Price may see a drop from here as dollar has been trending up. Now just looking to follow the trend I thing the setup is 1:6 atleast, but may expect new lows going into new week.

jorhl

I consider 144.00 level to be the current monthly resistance level. PA has proved this level to be a strong resistance previously. Switching between Daily, 4H and 1H chart I can see the reaction already as Head n Shoulders pattern forming below the 144.00 resistance. Yesterday price broke and closed below the 143.30 level, previously a resistance, turned to...

jorhl

Just pure technicals.

jorhl

Due to sea containers being locked in different parts of the world, the export from asia is disturbed. A 40foot container in November cost approximately 2k USD, now sold 16k USD. This fundamental push aligned with current technicals on the chart makes me believe the DAC will see a drop sooner than later.

jorhl

Although the dollar seems weak in a longer term projection, the current resistance levels have proved to stop the price from going forward unless a retracement is seen. current 4h is showing signs of reversal and the potential move downside would possibly retest the previous daily resistance area at 1.1950 and below. NFP at the end of the week, potentially more...

jorhl

4h resistance level. price failing to break the level, momentum to the downside.

jorhl

See how volume picked up on the red 4h support level. This signals buy orders are being collected and price is now ready to take of from the support level. Target 0.9000-0.9020.

jorhl

Still keeping look at this. Now, after seeing the expected retest of 0.2400 level I am more confident than ever on this setup. Btc about to drop down towards 20-25k USD region, therefore giving a push for the alts. XRP/BTC also on the verge of breakout, therefore confirming this long bias.

jorhl Updated 

Missed the entry, but saw the setup just now. potentially more entry opportunities coming, however, not as great riskreward as the initial setup.

jorhl

PA showing a third drive into the highs, constantly lower highs in this case. Signaling a potential downside move towards 0.7600 level. Profit taking at the last 4h resistance, which was broken by the upside momentum. 1:4.5 risk to reward setup.

jorhl

PA showing structure shift to the downside. Ofcourse the more conservative way to look at it would be to wait for 1.2600 to break, however, it is a matter of choice, mindset and tradingplan of every individual. Price found 4h level support at 1.2120, then snapped below it to test the lower support. Now, the last two 4h candles have yet again closed below 1.2120...

jorhl

Im certainly looking to short cad against jpy when price hits the resistance area once more. Daily looking extremely bearish. risk setup is about 1:5, make a nice 5% on 1% risk.