With NZDJPY being in a very strong downtrend since the spark of 2016 and just recently breaking out of a consolidation phase with continued momentum to the downside we are only interested in playing this pair to the downside. We will consider taking a short position if we see price action break below and close below this short-term blue up trend line on the hourly...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
GBPUSD has been quite difficult to trade as it appears to be in a steady corrective cycle of its long-term down trend. However, a break below this current short-term uptrend should provide some momentum to the downside. The three levels marked on the chart, 1.41000, 1.40500, and 1.40000, will potentially act as support and stop the downside movement of price...
USDJPY has been in a pretty strong down trend since the beginning of 2016, consistently making lower lows and lower highs. Recently, we just broke out of a corrective consolidation zone marked by a grey rectangular box on the char which means that there is a lot of selling pressure pushing price action lower. A break below this current short-term uptrend may...
Above is the previous potential signal that we sent out on USDCAD . Clearly you will see that it proved to be extremely profitable with a great deal of selling pressure coming into the market upon a break below the short-term up trend line. This type of trading, WITH the trend, provides high probable trading opportunities because there is A LOT of money...
GBPJPY has been in a decent down trend, consistently making lower lows and lower highs. For this reason we are only interested in playing this pair on the short side because we only like to take high probable trading set ups that provide us with the best odds for success. Trading WITH the trend provides just that, we cannot stress this enough. With that being...
Above is our previous potential signal on NZDUSD , you will see that the signal proved to be very nice. Upon a break above the short-term downtrend line there was some good bullish momentum that came into the picture that provided a very good opportunity to get long WITH the trend. We cannot stress enough the advantage of trading with the trend as a trader,...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
GBPUSD has been extremely bearish since the latter months of 2014 and traders all too ofter overlook the overall market trend because the market enters into a corrective phase which confuses people. Of late, we are attempting to break-out of this corrective phase to the downside, which already presented a nice short set up as seen in our previous analysis: We...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below these blue short-term up trend lines on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
With AUDUSD being in a strong bullish uptrend since the start of 2016, as shown in the image below, we are only looking to play this pair to the upside. We will continue to hold this long bias until we significantly close below .74. In order for us to get a signal to go long on this pair we will need to see price action break above and close above the red...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break above and close above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
With USDCAD being in a severe downtrend since the beginning of 2016, as shown in the image below, we are only looking to take a short position on this pair. In order for us to execute a short position on this pair we will need to see price action break below this blue short-term up trend line that is acting as support. We will also see confluence from our...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break above this red short-term down trend line on the hourly chart to execute a long position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...