Jhol01

Jhol01

Price has broken out of resistance. Wait for the retest of support and go long. Let me know thoughts

Jhol01 Updated 

My view of the GBP/USD GBPUSD is currently in a new up trend, breaking the previous lower high on the daily chart. Also, the DXY is at the top of its channel and struggling to break out of resistance. Whether a long or short is on the cards depends on the strength of the USD. If the DXY breaks out of its channel, the GBPUSD is likely to sell. However, GBPUSD...

Jhol01

Back testing on demo account. Head and shoulders pattern formed. Price below 50EMA on 4hr chart. All rules set out in strategy confirmed. Disclaimer: I'm a novice and currently learning. Trade at your own risk :)

Jhol01

Swing trading the trend continuation. Never done this before so lets test it a few times.

Jhol01

Testing my strategy. Rising wedge broken to indicate trend reversal. Triangle pattern forming. Green EMA Ribbon closing together and above 200 EMA. Note* RSI hovering between 45 & 55 so could go either way. Execution: Short 1) wait for price to close, breaking the triangle pattern - must be red candle. 2) wait for EMA ribbon to cross and turn Red above...

Jhol01

Descending Triangle. Inverted Head and shoulders. Economic Calendar mixed causing fluctuation. President of European Bank speaks soon. Retest of hypotenuse long wicks = buying pressure

Jhol01

Alpine pushed down to the 2.7 level to complete its 5th bearish wave (see earlier posts). This marked a good entry position, is ALPP now transitioning to a new up trend? If price close above the previous pullback that marks a new trend

Jhol01

You might have seen in the news that Nike has dropped by as much as -4% after they, along with H&M, came under fire following accusations of forced Labour in Xinjiang resulting in a brand boycott in China. This got me thinking about something i read somewhere. Is the stock market truly a 'Random walk' or is there some level of legitimate predictability? A...

Jhol01 Updated 

textbook cup and handle methinks. Wait for price to break out of the channel. SL = lowest low of the channel. TP = Previous key level. Roughly same height as the depth of the cup. Approx 145 pips

Jhol01

Still learning to analyse stocks so i would love to read your thoughts but I believe a symmetrical triangle is forming on the UK 100 index. I will wait for price to drop back to 29.110 before buying this ETF for the best possible entry with expected return of around 13% or if price closes to signal breakout to the upside (although I don't expect this to happen...

Jhol01 Updated 

All the indicators seem to suggest so but Ive heard talk that Biden won't let the stock market crash this early into his administration. However, the market remained somewhat negative after Fed chair Powells' testimony, while the US bond market remain fairly strong suggesting stable interest rates. Does the worry come from if low interest rates are only...

Jhol01 Updated 

I think there's a descending triangle forming on the USDCAD which coincides with the head and shoulders pattern in my analysis on the DXY. This would indicate trend continuation to the downside on higher timeframes. The pair has retested support at the 1.263 level several times forming the flat bottom, while also showing lower lows creating the hypotenuse of the...

Jhol01

Looks to me as though there is a nice head and shoulders forming on the daily charts. This would look to push the dollar to at least the 89.55 level in the next weeks or so. This is interesting as its been forecasted that in the next few months the dollar will be performing at a much stronger 96.0 level in the next few months (see: tradingeconomics.com). Could...

Jhol01 Updated 

Earlier i did an analysis on a new trading strategy i wanted to try out. The previous post was for a short term sell opportunity, that i now believe is a part of a much larger bull trend. This doesnt mean i was wrong earlier. I believe there could be an opportunity to take advantage of the period of consolidation where the market trades within this triangle...

Jhol01 Updated 

Was looking to sell the EURUSD earlier last week but was stopped out as the pair moved to trigger my stop loss before pushing down without me. I am expecting the EURUSD to push down to a new Lower low on the daily chart so there should be lots of opportunities here- see my previous analysis. looks like a head and shoulders pattern is forming on the 30 min and 1...

Jhol01 Updated 

Might just see how this one plays out.

Jhol01 Updated 

This is an update on the EURUSD which has broken the previous bullish trend line. Highlighted in the purple rectangle is what I believe to be a head and shoulders pattern. I expect this pattern to push down to at least the 1.186 level. This is a major level of support that has been retested multiple times. This push to the downside is what is forming the falling...

Jhol01

The GU is currently in a strong down trend. Over the past week or so the pair has been through a period of consolidation. Consistently testing support at 0.72741 level forming this horizontal support line. While continuing to form lower highers. Forming a descending triangle. Descending triangles are bearish trend continuation pattern. I expect we will see a...