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
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
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
EUR/USD USD/JPY GBP/USD USD/CHF AUD/USD USD/CAD
Weekly update on forex trading setups for the six major forex pairsEUR/USDStrong bearish last week.
Looking for a short opportunity.
Would be ideal to get in on a 1h or 4h setup on a pullback to 1.09473 or 1.09775 or a flat consolidationUSDJPYPrice is approaching a key zone