Just another Forex trading snack!
I’ve mentioned it in chat before...
“just before major expected news releases EURUSD usually seeks middle ground.”
For most of this week I’ve been long EU, but mid week just before NFP release, I started to look for shorts. Why? Because for years now EUR and other dollar pairs have set their respective high’s or low’s and then...
Here is another Forex trading snack!
Diamond patterns don’t happen all that often. New traders might be asking what does it mean, and how can we trade it?
Diamond patterns are called reversal patterns usually found at tops or bottoms of trends. The blue trend lines form a 4 sided diamond pattern and price continues to go up and down inside of the pattern first...
Yes I know my earlier post was about wanting Sell this pair around the 1.2300 level. However, with this impulsive and sudden move higher and taking into account of some potential dollar positive news on Friday ( tomorrow / 8/23/19 ) I can see a run up in price based on a EW 5 wave setup I see on the hourly or 30M charts. I know they are short term charts, but this...
Here is another Forex trading snack!
With news bombs flying around GBPUSD has finely broken higher. But what’s new here with these kind of moves right?
It seems the market is leaning very negative, so when there is news, rumors of news, or news that can be interpreted as positive / no hard Brexit, the currency has a higher probability of jumping higher.
But as I...
Thought I’d poss up some Forex trading snacks!
The NZDUSD is coming into a short term risk reward zone and up against a falling channel trend line. I see this as an opportunity to short some mainly because the price action is heading into multiple technical resistance zones and the back story is one of one of the most dovish central banks VS one central bank...
