JaredJJohnson

JaredJJohnson

AUDUSD, EURJPY, USDJPY, AUDNZD, NZDCAD and many other currency pairs are all setting up for 500 pip plays and we want to be ready for the action! DXY needs to confirm with a clean break out on the daily chart (it's nearly there) and we need to get past FOMC minutes on Wednesday but barring anything super crazy happening there, we should see a clean move on...

JaredJJohnson

This is dependent on GBP pairs catching some solid ground, but the trend line confirmation should be enough to signal that. The entry will be as listed on the chart: ENTRY: buy above trend line PROFIT TARGET: monthly pivot at1.2750 STOP LOSS: below current lows

JaredJJohnson

Some can trade gold, some can't and some just don't care. Here's the deal folks, like it or not gold can be telling of larger things to come. It's true gold is a wild mover and it's also a great indicator of larger movements across the currency market, particularly with the USD. The US dollar has been unadulterated garbage for weeks now and all of the sudden...

JaredJJohnson

The weekly chart is pretty interesting looking here for a few reasons: 1) we had a large channel break and have run up steadily into 4 year old resistance (8800 area) 2) if resistance holds, I want do short below 8800 for 100-200 pips, maybe more but at least that. Then look for an entry long around the .8000 level 3) if this all plays out we could see...

JaredJJohnson

Whether you trade oil or not, this is a must watch! Any currency impacted by oil movement (think CAD, NOK, USD) this is a must watch chart. If oil starts to break out and confirms this head and shoulders, we may see the black gold get back into the mid 60's. I know what you're thinking, "there's an oil glut etc etc etc" I don't care and I'm not looking at that,...

JaredJJohnson

Worse case scenario hopefully this is just a channel break and there's a trade to be had at the break of the channel. However I would love to see one more small leg of confirmation and see if this can turn into a head and shoulders pattern. I want to see 60-80 pips of profit, I'll short at the break of the trend line/quasi-neckline. .8525 is a great short...

JaredJJohnson

GBPCHF is showing all the things we like to see on a short term set up and it's even better than the longer term charts, in this case the daily chart, is setting up as well. So we're looking for a move into some upper levels, I'm long off the lows (in at 1.2520) and looking for a push higher. It's really just that simple. Good luck, make some pips!

JaredJJohnson

We are sitting at a solid decision point, we have 500 potential pips to go either direction, 1.7000 is going to be an important area to know where this pair is headed in the short term. AUD pairs are setting up for possible bearish movement, making this set up very interesting. However GBP pairs remain a little heavy and possibly mixed. Enough AUD weakness...

JaredJJohnson

AUDUSD was kind enough to give me 50 pips a few days ago, I don't trade this pair too often but I'm getting more interested in this because of a multi-year channel we have to work with. If this pair break up or down we have a long way to go to to the bottom of this 4 year old channel. If it break up we have nothing but smooth sailing to the upside. I've...

JaredJJohnson Updated 

If we can get a spike higher of 100+ pips, I will be actively looking for opportunities to short this pair for a big move down into 1.1000. If we are patient with this pair, we should be able to grab 300-400 pips. I'll update this trade ideas as it progresses along.

JaredJJohnson

GBPCHF, along with so many other GBP pairs, looks like it might be ready for something big. The head and shoulders pattern on the 4 hour chart has a price projection of 700-800 pip ((laughing all the way to the bank)) and we have a falling wedge (the blue trend lines). There is a lot of bullish patterns in the works here, I'm ready for GBPCHF to starting moving...

JaredJJohnson

You may have noticed USD not showing much direction, it's because of this little guy here, the US dollar index. Until this breaks out of the nice little wedge that's been holding it prisoner for months and months, we're likely to see USD pairs struggle. So we need to watch other currencies that have big strength or weakness. This doesn't mean USD pairs won't...

JaredJJohnson

There's been discussion if this is a quad top or an inverse head and shoulders pattern, seems strange to have an inverse H&S pattern at the top of a trend. So i'm going with a quadruple top and I'm already short at 9585, if we get closes above 9650 I'll close with a loss and get long, however if 9650 holds, I'm riding this down to at least 9000 level, anyone...

JaredJJohnson Updated 

0.7500 area (give or take a few pips) could be a much more important level than anyone is noticing. NZD has been rallying non stop and gain against most pairs... WELLLL most NZD pairs are showing levels of overextension for NZD strength. EURNZD already made a nice move towards NZD weakness, NZDCAD, NZDCHF, NZDJPY and others are starting to smell bearish. So...

JaredJJohnson

With all the GBP strength over the last several days it probably seems crazy to think/talk about shorting GBP I'm going to do it and you can't stop me. I've already made some good cash buying EURGBP this morning, GBPUSD is next on the chopping block. I want to see this move 100'ish pips higher then i'll be looking for some short term trend line breaks to sell. ...

JaredJJohnson

If you've been following the move and the charts and videos I've been posted you know all week we've been looking for USD weakness and it's coming in full force! GBPUSD looking very interesting with a close above 1.3277, there's nothing but clear sky above and I want to be in on the action. Moves and holds above 1.3277 make me very interested in 1.3800 area...

JaredJJohnson Updated 

I like the idea of selling this pair before buying. I think we can get a quick 50-100 pips of sell off towards the weekly and daily pivots before it starts to rally. If it breaks below 1.2790 look for a quick move into 1.2740 and beyond. See more about this at www.daytradersfx.com

JaredJJohnson

we have a very short term bearish outlook here, several of the USD pairs are looking ready for at least a small correction and we want to get in on the action. EURUSD, USDCHF and others are looking ready for a small correction towards USD weakness and the DXY is looking ready to lead the way.