mojh94

mojh94

The price action is approaching this major resistance. Possible rejection incoming. Will obviously wait for confirmation as dxy is approaching the 100 level. What do you think?

mojh94

Quick intraday pullback to be expected. 10/15 pips stop loss and 30/40 pips tp

mojh94

Dxy could possibly range between 106 and 100 this year. A break of the former could potentially lead to 110.

mojh94

Areas of interest. A break of the furthest level would suggest the next nature of the next trend.

mojh94

Possible rejection of this level. Will wait for confirmation on lower timeframes for an entry.

mojh94

Gold has formed a double top on the 4hr. It's currently in a symmetrical triangle making higher lows and lower highs. There's also a descending trendline on the 15 minutes timeframe and a possible double top forming on the 5 minutes. My bias is purely bearish. I'll link an idea of mine from 2020 with a similar set up.

mojh94

For all the gold aficionados out there: Xauusd PA is know for forming double top patterns on any time frame. When a double top is formed the PA sometimes breaks through the neckline violently or respects it, goes back up to form a lower high compared to the 2 tops and breaks through the neckline on the second touch. Could this be the case now? The double top...

mojh94 Updated 

Price rejected the 1800 psychological level and is forming a double top pattern on the 4hr timeframe.

mojh94 Updated 

It seesms like Bitcoin has formed a double bottom and could possibly be on the way to complete a W candlesticks pattern. The upper long shadow + Bullish Engulfing is a strong pair of candlesticks and when placed at the end of a down trend it can only mean that the way is up. In this case this 2 candlesticks are found just above the critical support level of...

mojh94 Updated 

Price action shows indecision around the major support with long wicks both ways. The next week will decide whether it'll be a bearish continuation or a reversal. Ideally I'd wait for a break above 33k to buy the reversal and a good break and retest below 28k for a bearish continuation. What's your opinion

mojh94 Updated 

The loonie has rejected the major resistance of 1.30 and it looks ready for a bearish move. On the weekly chart there's a shooting star candlestick with a rejection wick of approximately 170 pips. That is shown as a bearish engulfing on the daily timeframe. I will personally look for a retest of 1.30 or a small retracement towards it before placing any sell...

mojh94 Updated 

Will short on a rejection candle at the retest of this trend line.

mojh94 Updated 

Consolidation time for Bitcoin, the range is between 31k and 28600 roughly. Will it continue downwards or reverse from it? The two yellow lines are the next levels.

mojh94 Updated 

The cable is heading for the major support of 1.20/1.19. Should that support get broken through the next support would be the 2020 low of 1.15/1.14100. Long term wise we should expect a major bounce back but only time will tell.

mojh94

UJ broke out of the consolidation and is now retesting the support turned into resistance. I can see it dropping 300/400 pips long term. A sustained break above 127.5 would void the bearish momentum.

mojh94

Usdjpy is currently in a consolidation phase following the tremendous uptrend that brought it to the 20 year high of 131.38. In the early months of 2002 it reached the 135.00 landmark which is the next resistance should the consolidation be broken towards the upside. Should that be broken too the all time high of 147 would be the next and last resistance. The BOJ...

mojh94 Updated 

Dxy has touched the 103/105 resistance and it seems there's a small rejection at the moment on smaller time frames. Big weeks ahead as the fundamentals will set the next course of action. Despite that my bias is bearish at the moment as the uptrend was quite strong on the back of the Russian invasion. I will look for a good break of the 103.00 level before...

mojh94

Continuation to the uptrend, the trendline touch resulted in a 350 pips drop. The weekly timeframe shows that the market is recovering from a major descending trendline touch. Will wait for a break and retest of the descending trendline.