First on the list is GBPCAD . We are SHORT bias on this Forex pair.As you can see on the first image below,Weekly price action has tested the 200ema with high test (Inverse Hammer) candle.
Friday daily closed was a high test which further supports our BEARISH Bias
Following the break of 1.76
Following a Bearish move, price has been retracing upwards. On the 30th of Nov price was able to break and close below the retracement zone, but soon after price began to move upward. Price currently is sitting at a key level since it has retouched the lower trend line of the channel. I’m waiting for
CADCHFAs you can see price has been moving in a down trending channel.
A break of such channel should have strength as traders have been waiting for a some time for this break to happen.
However a day after the break we get a reversal candlestick pattern to the down side. Which shows that the break
Ello ello,Hope you all had a well rested weekend. Below are the Forex pairs that are on my watch listNZDJPY
Bias - LONG
On the daily chart price tested the upper trend line of the channel and 50 ema. However if you look at 73.00 zone it has been acting as good support and if fact
In this video I go over some of my trade setup and how i selected these trades using Fibonacci Retracements.In this video I go over my trade recaps. I show how i used trend line to select my
Hi all,Hope you all had a good weekend. Following pairs are on my watch list for this week.AUDUSD Bias - Long
Monthly price action is finding support at .78 fib level.
Price tested the level twice and then broke above the highs to form an Ascending Triangle.
Weekly and Daily supports Monthly price action.ExecutionTest of the bottom
AUDNZDAfter a downtrend since early May , AUDNZD has pulled back and provided a very strong BEARISH candlestick which indicates the continuation of the downtrend that started in May '16.Candlestick was printed in a key levelPrevious two candles show depreciating strength of the BULLS.Candlestick was printed at 31.8 Fib level and never did price
[caption id=attachment_460 align=aligncenter width=1623] USDJPY SHORT Setup[/caption]Nice BEARISH close with the engulfing candle. Looking for SHORT on the break of the low of today
[caption id= align=aligncenter width=1623] EURJPY DAILY SETUP[/caption]Price action has made a Higher Low and showing healthy consolidation. Mar 22nd DOJI with a long bottom wick shows bullish strength . Looking for an entry when price breaks above Mar 22nd high.[caption id= align=aligncenter width=1581] NZDUSD DAILY CHART SETUP[/caption][caption id= align=aligncenter width=1581] NZDUSD 4 HOUR CHART[/caption]Price has
Weekly Forex pair analysisUSD/CHFDaily Down Trend
SHORT - 0.98712
LONG - 0.97789 or 0.96998 EUR/USDDaily - Showing strong Bullish price action. Price seem to be consolidating in the top of the range. Daily MACD just crossed above zero
Looking for BULLISH move after a pullback
Zone to go LONG - 1.1164 or 1.10836 NZD/USDDaily in an uptrend. But price is