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 -
CADJPYBearish engulfing pattern printed on a key level. The bearish sentiment is also supported by the touch of the downtrend line.Similar to trade above another Bearish engulfing candle printed on a key level and downward trendline.Full
I'm short EURGBP. Following the run up since late June price has pulled back and closed below a key zone. What intrigued me the most was the fact that price got rejected to the down side around 0.84000 zone.Price came back up to that zone(0.8400) twice and was rejected by the bears.I decided to
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
One common mistake among new traders is that they fall for look alike and wannabe trade setups. Today I gave away my hard earned profits due to the same reason. This happens when you go “ This looks soo much like my setup”. Remember that your setups need to have rules that it needs
AUD/USDDaily price testing resistance from Aug ‘15
on 4H and 1H price is printing a descending triangle.
1h only has two touches on the support line.
SHORT on the upper trend line[caption id= align=alignleft width=1623] AUD/USD[/caption] USD/CADMajor down trend. Due for a pull back.
Look for LONG opportunities
Pull back to 1.34013[caption id= align=alignnone width=1623] USD/CAD[/caption]USDJPYDaily and 4H