rjthegreatxx

rjthegreatxx

Took a short on GBPUSD, as price is bouncing off a trendline, also price seems to be hitting the outside of Bollinger Bands and will gravitate to center. Also seems to be a triangle or wedge pattern forming, which indicates the price will move to the center before breaking out.

rjthegreatxx

I saw EURJPY bouncing off of pretty strong resistance at 131.602. Several indecision candles at this point indicate a reversal soon, also possibly the pair has been trading in a wedge for a few days and may break the wedge soon - if it does, should go lower before going up.

rjthegreatxx

Completion of bullish penant indicates start of uptrend at least 38% length of flagpole. Either bullish or trading in a channel between key support resistance levels, 1.21 support levels are significant. If trading in a channel, trade reversals.

rjthegreatxx

Head and shoulders pattern, when hits neckline drops at least as far as head to neckline. Neckline along major support and resistance lines. Possible targets would be the .618 or .5 fibonacci retracement levels.

rjthegreatxx

I should have caught 3 indecision candles last night around the support of 1.3994 - unfortunately I think I was sleeping. Otherwise I would have caught nearly 100 pip reversal today. I don't know how much higher this will go after the NFP today - but I'm not confident enough to get in at this point, and may not meet my R:R criteria.

rjthegreatxx

2 indecision candles tested the resistance at 107.43, with high bearish volume levels. Indication of a drop in price in the short term, also anticipation of bad NFP results for USD. Trading has been very volatile on this pair since I took this trade, but I set a pretty strong SL - past the 107.43 resistance line and above the previous candle.

rjthegreatxx

Bearish Gartley pattern completed, short from top of D to .38/.50/.618 Fibonacci extension . Stop should be placed a few pips above D.

rjthegreatxx

2 doji like indecision candles at 1.296 support levels indicate a reversal. High level of bearish volume at that level confirming the reversal. Short for 20ish pips at 2:1 RR.

rjthegreatxx

1.425 marked end of Elliott Wave Impulse wave, and beginning of Elliot Wave Corrective wave. A to B in Corrective Wave could push up against the .618 fibonnaci level, around the .618 I expect the price to trend downwards for B to C. It could make it down as far as the 1.618 level.

rjthegreatxx

A Gartley pattern forming at the end of a long uptrend since 2017 signaling a corrective coming in the medium term. There was a bullish rally at the end of the day Friday to .618 level. Possibility of going up to .5 or may just descend at start of the week. If it breaks the support level, expect the price to drop in the medium term and start looking for an...

rjthegreatxx Updated 

The end of a bullish flag pattern, expecting it to pull up from here. Retracement starting at .5 fib level, want to catch a few pips up to the .618 level - retracement should be about 38% of flagpole.