jorhl

jorhl Updated 

This weeks candle took out 4 previous weekly wicks to the downside. Bearish engulfing from the top, with extremely bearish weekly candle closure on friday. Next support on weekly is 1.9400, that will be my target for short trades. Daily closed within the next lower weekly structure, rejected it as resistance after it had broken it the day before on thursday....

jorhl

Trendline bounce, higher low. Trading in the direction of the trend.

jorhl

Here I have a simple setup for both long and short trades. If price was to break the resistance at 0.8750 and break out of the trendline, I would enter upon a retest and target 0.8850 and 0.8900 levels. If price was to break down from the support, shorts can be executed upon a retest to ride out the continuation of a next bearish leg towards previous daily...

jorhl

On friday before session end, price managed to break out of the range it was trading in from the start of the week. This shows a potential setup for next week. I've got two short setups on this pair. First setup is to wait for price to break the 118.45 level and enter upon a retest. Stops 3.5 pips above previous high. Second setup is if the price will aim to...

jorhl

On friday, Euro managed to finally break out from the pennant it was ranging in. Due to low volume on friday, the breakout was slow and lacked sufficient momentum for me to stay confident in an upside bias. I still believe Euro is going down to 1.0500 monthly key support, a psychological level. Euro has been, since 2015 (2018 excl.) ranging between 1.0500 and...

jorhl

The ultimate trap. Wait for the resistance to break and retest before buying. I sense a huge potential for discounts.

jorhl Updated 

Starting with a top down analysis. Monthly has had some strong bullish moves, even after price was pushed down, it quickly recovered. At the start of the year, the monthly close on January gave us a hint that pound is definately gaining back some of its losses in 2019. Looking at the weekly we can see how year end highs in december were taken out and retested...

jorhl Updated 

Gold has been performing very well due to recent economical and other major political factors, it still suffered a huge drop on friday, most likely caused by investors taking profits to cover losses from the stock market. On this pandemic period it should be gold that rallies as it is considered to be the safe heaven for investors. The drop on friday may be short...

jorhl

What you see from the chart shows you why Bitcoin will reach 18k level by May 2020. 2019 showed how the priceaction of Bitcoin can be read and understood. The best indicator is pure price movement on a weekly chart. Weekly candle has been filled with enough data to predict price movement on a larger scale. The second key indicator is the weekly MA and EMA lines....

jorhl

Clear and significant lower lows and lower highs are drawing a downtrend for USD/CAD. Looking at dollar index in parallel to the USD/CAD price action there are signs of potential upcoming downside leg. Looking out for US and Canadian data between 5.-7. february. Assisting this is a fibonacci retracement showing a rejection on friday and closing the week just...

jorhl

Following my last idea on GA, I think after reaching the target of 1.9000 we are up for a slight retracement. Now hoping to see the price fall down to 1.8850 and will be looking to enter longs from there. Let see how this goes.

jorhl Updated 

After the bullish run up to 1.9500 we have since seen a retracement back down to gather momentum for the next potential bullish run. Over the holidays GA hit the lows. After the holidays lower lows and higher highs on a smaller timeframe. This shows me we are gathering orders for a bullish breakout. I have drawn two trendlines to help guide the breakout in...

jorhl Updated 

Short/medium term perspective. I see this pair going down now, targeting a conservative target of previous daily support at 119.30. - Daily downtrend, - Lower highs, daily lower high confirmed by a lower high on a smaller 1H timeframe where the fib 61,8 level acting as resistance pushed the price back down and - 4h bearish engulfing close on fib 61,8...

jorhl Updated 

Last few weeks we have seen strong moves from Euro kiwi, price breaking weekly resistance 1.7200 level and confirming it with a retest and a rejection. Last week price closed above 1.7400 level which has been a key reversal level in the past, not to mention these endless failures to close daily above 1.7400 previously shows that the previous weekly close has...

jorhl Updated 

Entered a long trade based on 1h chart fib retracement. Seeing the spinning bottom on 61,8 retracement level made me want to enter it to target 1.3325. Lets see how it rolls.

jorhl

Entered a long trade based on 1h morning star formation. Targeting 1565 with stop below 1537. testing the validity of morning star strategy on a smaller timeframe.

jorhl Updated 

On the weekly chart GA has been making higher low levels from the end of 2016, putting up a strong bullish trend that has lead price from 1.60-s to 1.88 previous high level. In the long term I can see the price making a new high at 1.90 - 1.92 level in 2019. Based on purely the fact that the last weekly candle closed above the 18 perioud MA (Red Line), gives a...

jorhl

Expecting to see Oil push the price back to 59 region for any sell opportunities. Key level of 58.70 is aligning with Fib 61.8 retracement level, so keeping my eyes on these fib retracement levels for potential sell positions. Since liquidity has been high around the 60.00 level, where the wicks are occurring, it would make a great Risk to Reward to catch short...