CAD/JPY (Pre-Week Analysis): Last week we decided to NOT trade this pair until the start of next week (tomorrow). Now that I've been seeing more or less a more solid trend. I can give out more updates of this pair (If it doesn't go back into a strong consolidation zone). Our minor trend-line; seems to be working much more smoother which is something I like to see....
Entry Details: Pair: EURCHF Order: Buy Pending Entry : 1.08250 Take Profit : 1.08453
Looking to go long on this pair if price will reverse on the weekly support line plus the weekly fib level
Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and...
This trade is worth the risk on many levels 1. Beautiful Risk / Reward 2.Cable is very weak no confidence
Long term outlook very bleak for the once relatively strong AUD. It's been a tough two years on the Australian currency. With a very wobbly gold price dictating the nerves and a phenomenally crucial period of USD relative strength the AUD is suffering without a doubt. Using a simple fib based regression trend analysis along with a modified pitchfork that ties...
I found volume spike (selling climax) in the background. The very next bar was up bar in a high volume (reversal up-thrust). This must be that demand overcame supply and that there are more buyers then sellers. Later on , we saw a successful test of supply on low volume, which is the sign that smart money is interesting in upward price. Wyckoff called this...