After holding higher timerframe resistance the USDCAD has made 220+ pip move to the downside and has now found previous structure support. I like to call this area a "decision point" when doing my analysis because a few trading opportunities are offered at this level depending on how price reacts. 1) IF support holds THEN we have a potential buying...
Hi Guys, This one is simple trend continuation setup as it reaches to our resistance zone NZDUSD may reverse. So on valid confirmation in resistance area initiate shortpositions in NZDUSD Thanks for your support... Happy Trading !
Price is raising up towards our region as expected and I will be going short here with my stops above the double top Not describing in detail bcos market is very near to our zone & we may miss trade chance. Happy trading
These spikes are starting to show strong rejection. There is a trend line bringing the price up, and with a change in the head of the Reserve Bank of Australia, anything could happen. The blue rectangle represents the unknown zone. I would suggest targeting the short term short, and put your stop loss at the top of the blue rectangle. If the price closes above...
Despite the fact that every day we see negative news (oil freez failed) and different comments in articles, the action in market is bullish. That is why I prefer to listen the price, not analysts with their opinion. So, as we are approaching major resistance area after a long run, I wouldn't be chasing (initiating new positions) here. Better to wait for another...
Aussie Dollar today bounced off of a key area of resistance at around 0.757. I have an order to sell AUDUSD at 0.7485, a break of the pin bar's low. Our first target is around the 0.737 level.
Hello again, Just doing some more analysis on another pair, this is what I think may happen as the FED will be increase their information on whether to keep or change interest rate in the next couple of days which may weaken the dollar. Again I welcome any feedback good or bad as mentioned I am only testing my knowledge before I go LIVE trading.
Usually I share EURUSD ideas with you guys, but I wanted to switch it up and look at something different since the Euro is still playing out yesterday’s prediction. (By the way, if you want to see a breakdown that we’ve been doing on it over the past few days in my live trading room check out this video www.youtube.com) There’s also a special cameo in the video...
In yesterday’s post I mentioned that the EURUSD was at a decision point. Well, it looks like the markets didn’t decided to go with my decision to get short as I was stopped out on the 2618 opportunity. Luckily Jason had a monster day in the Syndicate bringing in just under 300 pips himself. That’s what friends are for! Now that the Euro has broken and closed...
VZ has come to trade in a nice little squeeze of a channel here for the past week. This support level also happens to be the .618 of the bigger picture leg. Momentum continues to see higher lows which should lead to this level holding up and a retest to the next resistance level.