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

Trade Alert – NZDCAD – DOUBLE TOP REVERSAL PATTERN

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 -

Trade Alert – USDJPY & CADJPY

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

Trade Alert – EURGBP – SHORT

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

Trade Alert – AUDNZD

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

USDJPY Daily Time frame setup

[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