rcjugg

rcjugg Updated 

Strong resistance of price zone, possible bearish pressure once zone is retested.

rcjugg Updated 

Retracement to 61.8% level, can expect bearish pressure.

rcjugg Updated 

Bouncing 50 EMA

rcjugg Updated 

Potential consolidation setup for coming week - multiple tests of either price zone, giving confirmation for bearish entry.

rcjugg Updated 

Formation of strong impulse/correction pattern, could expect pressure to the upside.

rcjugg Updated 

Formation of double top pattern, at key resistance/support level, could expect pressure to the downside after the retest.

rcjugg Updated 

Formation of descending triangle across multiple timeframes.

rcjugg Updated 

Strong market structure - clear support/resistance setup

rcjugg Updated 

Multiple key levels held, could see a strong bounce to the upside before continuation of bearish momentum.

rcjugg Updated 

USD currently weak across multiple timeframes, which counters JPY strength. Potential bearish opportunity at second impulse of Fib retracement. Conservative order to avoid incorrect analysis.

rcjugg Updated 

Consistent weakness in pound over the day/week/month charts, can expect bearish momentum maintained on M15 timeframe.

rcjugg Updated 

Multiple tests of 18 EMA, could be setting up for another bearish impulse.

rcjugg Updated 

Descending swing highs but the same lows to confirm bearish triangle pattern - could be setting up to break the neckline after following a strict pattern. Set zone should be broken on M15 timeframe long enough to capture profits.

rcjugg Updated 

Seems to be setting up for a measured move down on the M15 timeframe. Order is placed far enough away to avoid wick entry and secure better probability of profits.

rcjugg Updated 

Previous and current M15 candles have opened with huge bullish momentum, but by the close were drawn down by the bears, causing a large upper wick and short body to show the lack of volume behind the bullish movement. This could signify a possible retest of the current price zone that was broken before another bullish impulse.

rcjugg Updated 

Making higher lows but the same highs, could be setting up for bullish breakout. Long position placed at neckline of triangle to ride the impulse up and capture profits manually before the retest.

rcjugg Updated 

Several bounces off the 50 moving average, as well as doji bull candle to confirm bullish momentum.

rcjugg Updated 

The GBPNZD chart has had 3 tests of bouncing off the 50 EMA on the 15M timeframe, confirmed by hourly timeframe. Go short on 4th bounce, Current NZD strength will drive the pair down to take a profit at 48 pips below (based on 1:2 R:R). Set stop loss of at least 24 pips - previous price action suggests a moderate buffer is necessary.