Forex Weekly Watch List – May 8th 2017

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

Trade Update : CADCHF

            Following a free fall to the downside the pair CADCHF has been slowly retracing back up to the 0.75500 zone.  This area has played a key role in the recent past for this Forex pair. If you look to the left you will see that this zone has acted as both Support and Resistance over

Trade Alerts – AUDCAD & USDJPY

Trade alerts for Friday Aug 12 are as follows . Two pairs in my radar :AUDCAD SHORTPrice is has been printing candles with long upper shadows signifying a weakness in the Bullish strength. Todays candle (Aug 11th) shows strong Bearish strength. I'm short on a break below today's candle .Entry : 0.99758Stop: 1.01320  USDJPY LONGPrice has retraced


NZDCAD  :Even though price did not reach all the way up to previous resistance , after Wednesday's price action you are safe to consider this as a Double Top reversal pattern.I have entered a Sell Limit order below to be triggered if price breaks Thursdays low with a stop above Wednesday's high.Entry : 0.93266Stop

Trade Alert AUDNZD & EURGBP Swing Trade

EURGBP Short .Price has printed a BEARISH engulfing candle at a very key level.  As you can see the market has printed a uptrend line over the last 8 - 10 days. However the lack of large solid BULLISH candles shows weakering BULLISH power.Following the minor Green bars over the last 8 - 10

Trade Alert – GBPNZD

Price has retraced following a parabolic downtrend.  The retracement was capped by the BEARs rite at .38 Fib level which shows that the BEARISH pressure is still on.Enter SHORT - 1.82766Stop Loss above Aug 1st candle = -157 pips1st Target -