jimmy_highwire

jimmy_highwire

i regard the blue channel as a right shoulder/extension of the inverted HnS it is a bull fleg to me on lower tf's the channel has been broken to the upside and retested some tf's still have the 200sma above the price, price needs to break those to complete an upmove

jimmy_highwire

dxy has seen an formidable move all the way back to that upper tl finding confluence with a S/R level on the left end of year situation, but on the lower tf's there is a head and shoulders forming my bias is short $ here if/when it drops below this level to complete the HnS

jimmy_highwire

i had to compress the weekly chart to view that old low adding zoom in on the weekly here looking at that (broken) channel to make a decision to enter long 1.3466 was the last red weekly candle open, the high then was just under 1.35... wil look for entries there

jimmy_highwire

i had to compress the weekly chart to view that old low adding zoom in on the weekly here looking at that (broken) channel to make a decision to enter long 1.3466 was the last red weekly candle open, the high then was just under 1.35

jimmy_highwire Updated 

i caught a good part of the inverted HnS, published a couple of months ago now GU is seeing a rather swift pullback from the original target of 1.40 overshooting to 1.4250 my take is on the daily that this level might hold despite the bad economic numbers from the UK daily i'm looking at today as the possibly last run on stops before regaining a footing above 1.35 H1

jimmy_highwire Updated 

daily chart compressed to show the origin of that horizonntal line drawn long ago i'm adding a clearer chart to show the daily bars topping, but todays -4.08% bar has yet to close this is a long term trade so plenty of time to look for entry and build from small position snapshot

jimmy_highwire

daily candle has yet to close, but 3 in a row pretty clear where fib levels are and that neckline tl holding so far RR is good enough for me to go and start building longs

jimmy_highwire Updated 

current level is still in that long term S/R level around 0.79 my nest level is at 0.86.....700pips difference but after all this is a weekly (compressed) chart breaking that black wedge to the upside had me thinking AU woud already be well on it's way above 0.79 as it stands the ascending leg of that wedge is my signal to short if broken and breaking to new...

jimmy_highwire Updated 

red arrow should be more of an S/R area not exact price level on the weekly there is a HnS in the making almost complete right shoulder all short bets are off when de black tl is broken to the upside this is a weekly chart so progress will not show very fast ;-)))

jimmy_highwire

last idea worked out like a charm.... sitting at the 61.8fib,.. i expect a retracement down to possibly resume uptrend no position yet

jimmy_highwire

chart is quite self explanatory look down on lower tf for entry, but my bias is long without a position if/when it breaks down here 1.87 and 1.84 are my next levels

jimmy_highwire

NU has been lingering on this daily S/R zone, which is quite large, ... some 50-75 pips i can see an early inverted HnS forming recently first target 0.70

jimmy_highwire

finally GJ has jumped the wedge and come back to retest it around 148.xx i'm waiting here to see it choose direction,... whichever side it falls there are some x100 pips to be had my bias is to the upside so i'm looking to build starting small and only add to positive positions if possible

jimmy_highwire Updated 

trading off the retest of the wedge top if this trade works there will be plenty of time to add to winners no position yet

jimmy_highwire

i had kiwi shorts longterm from right shoulder, now it has been sitting on that S/R zone since friday's close, accumulation i 'm guessing so the next move could be completion of HNs to 0.6850 or a big bounce up

jimmy_highwire

EJ has finally dropped from the bear flag this could be the start of a long journey down with first target 100 pips down at 131.5xx

jimmy_highwire

euro would need to develop that right shoulder to complete a possible bigger HnS

jimmy_highwire

pretty good fitting fib range over the long term, the 61.8 fib has served as an S/R zone around 112.15 but my first target is the 50 level 100 pips lower than currrent price at 111.4x looking at GJ and EJ for shorts too