JeskoTrading

JeskoTrading Updated  May 16, 2022

Gold (XAUUSD) is looking to complete the formation of the handle, where we could see a progressive move past the previous all time high of $2075. I am very bullish on gold and gold/silver miners (GDX or GDXJ) due to the current global economic landscape. You can invest in the miners if you are seeking a leveraged play of gold. There is a large amount of support...

JeskoTrading Updated  Jan 14, 2022

Peloton has seen over an 80% decline in stock price since its January 2021 highs. It could be ready to claw back some of those losses up to near term resistance at $46. Depending on the buy price, this could pose a potential 30%+ gain on this trade in what could be within a relatively short space of time. I would look to take this setup if the break and retest of...

JeskoTrading Updated  Jan 3, 2022

Potential long on the 4H with a possible 16% return on this short term trade to resistance at $22.90.

JeskoTrading Updated  Oct 20, 2021

Potential short on the hourly presenting a possible 3.11R trade.

JeskoTrading Updated  Oct 19, 2021

Potential short on the hourly presenting a possible 2.21R trade.

JeskoTrading Updated  Jun 1, 2020

In this chart we can see that the AUDUSD is in a key area sitting directly below weekly resistance (check the weekly chart for more clarity on this). Judging by the move made on the DXY last week, we can see that the weekly candle on the DXY closed level in line with a support area. Because of this, I believe that we may see a temporary relief in the sell off of...

JeskoTrading Updated  May 27, 2020

On this chart we can see that we are forming a potential bearish rising wedge formation with strong resistance around the 107.9-108.1 zone. Expect to see a break above this level prior to a rejection of the upper structure before pressing to the downside. We have three points of contact on the upper trend line, but only two on the lower trend line. I expect the...

JeskoTrading Updated  May 24, 2020

In this chart we can see a tentative formation of an ascending channel. This is following a sharp bullish rebound from the base of the extended descending channel on the higher time frames. I'm looking to enter a short position at the top of the channel upon the third touch. The third touch of this channel trend line will confirm the validity of the channel and...

JeskoTrading Updated  May 24, 2020

This analysis composes around the potential descending triangle formation that we can see on the 4H chart which is also visible on the daily for added confirmation. In this trade idea I intend on entering a short position on a break of the descending triangle formation on the 3rd touch (confirmation) and targeting the 50 fib level which consists of a large area of...

JeskoTrading Updated  Apr 22, 2020

In this trade I intend on shorting the SPX, S&P 500 or US500 (depending on your broker) following a bearish breakout and close of the potential bearish rising wedge formation. This trade is based upon the following technical factors that we can potentially see from the 4H chart: 1. Bearish rising wedge formation 2. Resistance at the 61.80 fib retracement 3....

JeskoTrading Updated  Apr 7, 2020

On the 4H chart we can see that price is hovering and testing the 23.60 Fibonacci retracement. Price has broken the trend line that began on the 02/04/2020 but only just. Therefore, if we see a rejection of the 23.60 Fibonacci retracement then I would personally consider entering a short position. I have drawn two sets of trend lines, these are dotted as they...

JeskoTrading Updated  Apr 4, 2020

On the daily chart we can see a recent clear rejection of the 1.47 previous high back in January 2016. I have draw a Fibonacci retracement from the 2017 low to the recent high. I have also extended these levels back to 2016 as previous price action abides by these levels historically. I'm basing this short on a mixture of technical and fundamental analysis. The...

JeskoTrading Updated  Apr 3, 2020

Bearish rising wedge formation in which a breakout appears to be forming. I've already entered and i'm targeting the 23.60 fib retracement. Entry: 0.615 - I entered on the 30/30/2020 SL: 0.64 TP: 0.58 1.41 R:R

JeskoTrading Updated  Mar 16, 2020

With the events that are currently spurring around the world it poses a great question as to whether a bear market is possible to be sparked in this climate. Only time will tell, but the historical trend line on this chart by itself looks plausible... 50%+ declines have been seen numerous times throughout the past 100 years, and as its been a longer than usual...

JeskoTrading Updated  Oct 9, 2019

Gold is still very much in an uptrend and therefore it is possible for a further press to the upside. We can now see that gold is forming a potential descending channel made up of lower lows and lower highs signalling a potential downside. Technical factors to consider: - Lower highs and lower lows - RSI decreasing in strength Fundamental factors to consider: -...

JeskoTrading Updated  Sep 30, 2019

Gold is still very much in an uptrend and therefore it is possible for a further press to the upside. Technical factors include: - Possible head and shoulders formation - Lower high - DXY increasing in strength - RSI decreasing in strength Fundamental factors include: - Positive trade talks between the US and China - No intention of further interest rate cuts...

JeskoTrading Updated  Sep 20, 2019

With the BXY looking for a retest following its recent breakout and the ZXY forming a double bottom. This could be a very possible setup from a technical point of view. Fundamental factors to consider are: 1. Brexit 2. BOE interest rate decision 3. NZD Interest rate decision Setup: Entry @ ~1.97000-1.98000 SL @ 1.20050 TP @ 1.89575 The 2.00000 level is a key...

JeskoTrading Updated  Sep 4, 2019

AXY is potentially turning bullish within its trend. This aligns with the DXY potentially weakening making for a possible long setup here. Either enter on breakout or wait for retest. Entry @ 0.67725 SL @ 0.67250 TP @ 0.69750 Good luck!