ImproveYourTrades

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Will be watching as NZD starts to lose strength against USD, looks to be a strong resistance level in a down trend

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Keep an eye on price at this level, looks like it could bounce up for a good RR, same if it blows through the trend line and heads downwards

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Hey traders, here is the setup I am watching this week. After watching the JPY surge, and now seeing the EUR start to gain some momentum, I decided to put these two currencies together to see what happens this week. As you can see, we have some divergence in the MACD, as well as a higher-high and higher-low, which is great confirmation that price may go higher,...

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Hey traders, looking at the strong vs weak analysis for the week, looks like EUR is gaining momentum against GBP. As you can see here, a nice trend line has form, looking to bounce back up. I will place my stop loss at 0.861, and my take profit at 0.877, which is where you can see price touched last week without any issue.

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Hey traders, looking at the NZD and JPY as individual currencies and matching the strong vs the weak, NZD has been increasing while JPY is falling after the huge surge last week. When pairing these two together, you can see divergence in the MACD and a nice channel forming. Who wants to bet the channel will be broken to the upside? If it were me, I would be...

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Here is a setup I will be looking at tomorrow morning to see what happened here. Looking to enter the trade if the trendline is broken, confirming the divergence that we see on the MACD indicator. Placing stop loss above the recent high at 1.105. Moving the trade to break even at 1.088, giving us a free trade from there. Looking to exit the position and take...

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Looking at this trade setup for the week, have a double top and divergence on the MACD indicator. EUR has been losing strength recently, while NZD is gaining in strength, which makes sense to pair these two up together this week. I always give my stop loss a little room to breathe, so I will be placing my stops at the 1.55 key level. Once price drops down to...

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Hey traders, here's another setup I will be watching this week. I will wait until tomorrow morning to see how this plays out, just to make sure price isn't going to break down any further. We have divergence on the MACD indicator, as well as a triple bottom. I could definitely see price breaking down lower, but I am going to assume that price will take the path of...

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Hey traders, here's a trade I am thinking about entering this week. The pound is increasing in strength, while the Euro is weakening. I will wait for a pullback to the 20 SMA, and then enter the trade as seen here. Remember, plan your trades and trade YOUR plan.

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Keep an eye on the key levels and act accordingly, looks like price is really trying to push through to 1.35, think it will fall soon

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Divergence and double bottom on GBPUSD... don't enter yet, wait for price to reach the limit with a higher high and higher low.

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Who says trading has to be rocket science? price just crossed the 200 ema, looking for the 20 ema to cross as well... the aussie is stronger than the dollar today, and we always look to trade the strong vs the weak... look to take profits and place stops around key levels, which are the pink lines on the chart

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Doji at the daily pivot, get ready to go down to the first support level.

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Tons of momentum to the upside recently, looks like price is trying to break the key level downwards. If it does break that level, I expect it to fall hard. Thoughts?

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Looks like momentum might be slowing up as we see divergence on the MACD, will be watching how price reacts to these support levels, would be nice to see it hit the bottom one and take a trade with a better RR, but either trade should work out nicely

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...it could be a nice reversal. I set an alert to see if price will travel this high, then look for some exhaustion or a double top, and then enter to the downside. Because it's a bank holiday today, not sure if price will reach the R2 level, but it's worth keeping an eye on.

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Here we see AUDNZD having trouble breaking through the monthly R2. As always, expect to see a double top or a lower high and lower low before entering. This gives us another great RR, which is what helps me sleep at night. Keep an eye on this one tomorrow and see what happens.

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I traded this pair successfully last week, and looks like another nice setup. This trade gives us a 3:1 RR. Keep up the good trades.