lafayettej

lafayettej

For the upcoming week, I am anticipating a wave down towards the blue box projection of a path where the moving averages will fall.

lafayettej

USDJPY has broken the 30min trend and price has come goodbye kiss, with the pinching of the moving averages we could see a drop lower.

lafayettej

we currently have a wedge pattern forming on AudCad and has broken lower, now we are getting a cross of the moving averages

lafayettej

We're currently having a wedge pattern on usdjpy, as well as the bundling of the long and short term moving averages. bias is for a push up but not ruling out the possibility of a push down back into the demand zone.

lafayettej

Earlier last week we broke out of a triangle and now have a consolidation pattern above the break. I have a long bias for this pattern that might come this week.

lafayettej

looking at the pattern that recently formed on WTICOUSD I believe we will be correcting upwards for at least $57,44. This isn't much as a trade set up but a hint of what's to come with correlating pairs, such as USDCAD.

lafayettej

I saw a chart of someone going long on this pair, of course, this isn't a blind copy paste, I identified my own patterns and entry reasons. I'm looking for a complete reversal of the trend that began in early may to at least 50% of the original trend. Risk TP.1 1:1 TP.2 3:1 set up: identified pattern after the 2-month trend and now crossing above the 200 EMA

lafayettej

After the strong impulse up and hitting a major weekly support level, it MAY be time for a reversal. once price confirms the new trend (short term / long term) i will be in. RISK: TP.1 - 2:1 I will place a protective stop when price hits the 50% fib lvl. set up: short after sharp impulse up.

lafayettej

This chart was brought to my attention via a post on facebook, and generally speaking, I don't trade from what I see others post, however, I recognized my trade set up forming so I chose to enter. Risk TP1- 1.6:1 TP2- 2.5:1 set up: second push down

lafayettej

After a bull run that lasted 2 months, now may be the time for a correction or a reversal. although I am having conflicting thoughts about this trade. if price goes in my projected direction that would mean a strengthening of the Pound over the Euro which I don't see likely amits this whole Brexit situation. Would be interesting to see how this plays out for the...

lafayettej

although this trade would go against my long term set up on Cad but following the second push price pattern it looks like we well head downwards. Risk: TP.1 - 1,3:1 TP.2 - 2+:1 set up: second push down but I would ideally like to see a break of the trendline.

lafayettej

Risk: tp1- 2:1 tp2- 4:1 entry: Second push price pattern +note im using this set up for my own personal journal, please do not be inclined to follow my analysis because of past analysis.+

lafayettej

looking at my analysis from last week price behaved just as predicted. now we see an ascending triangle forming this could either we an ending diagonal to form a Z-LEG on the higher degree or price breaks out and make it to the rearest support level.

lafayettej

last week I posted on that usdcad is in a corrective move, and is currently making a final push to the blue box. However, this week we got another push down into the corrective structure, this shows that the correction is not yet over. assuming my count is correct we will be coming for a Z leg in the minor corrective structure before going northward for a Z on the...

lafayettej

This is my long term view on EURGBP, not much to be said. I believe price is on its last leg (V) of the impulse and will fall within the range of .95 - .98.

lafayettej

On my previous post on Ucad you see I called the move upward as the Z leg that could finally drop. if we look at the consolidation forming from mid-April we see a wxy continuation pattern being formed. this is confirmation for more upside I'm looking at equal legs to the last impulse made starting the 17th of April which puts price at 1.361xx the next important...

lafayettej

after this short uptrend on the eurgbp we are getting divergence on the macd. but this isn't our signal, ideally, we want the macd to prove itself and let price drop. if that happens ill expect price to try and retest the high and upon failure that would be our entry. if price keeps rising, or drops briefly and rises back up and break the high either way trade...

lafayettej

as continuing from my previous post, we look for a reversal from a high and we look for a retest and trade on the failure of the retest before it reaches the top. in this example, we see price already dropped quite a bit so it would be better to place the stop loss at the high of the retest to make for a better R:R.