Hello Everyone, Pound has strengthened across the board and we're waiting for confirmation that Stirling is losing ground to execute an opposing position. One of the pairs that presents itself with a decent low risk + high return setup is with GBPCHF. To Subscribe to our SIGNAL GROUP, visit Copy.forex RISK DISCLAIMER: Information and opinions contained with...
Hello Everyone, Currently monitoring several pound pairs across the board as we're nothing the bullish strength is starting to ease. In this video I mention 3 pairs that we're closely watching as we plan to enter against Stirling amongst several of it's rivals such as GBPUSD, EURGBP and GBPAUD. Regards, Michael Harding
Here's an interesting stock index comparison. Notable NASDAQ is the out-performer amongst this group of indices. On Friday the NASDAQ printed it's all time record highs closing the day at 10,836. Last week this index smashed through the 10,000 handle completely disregarding it for any level of psychological resistance. Meanwhile the COVID19 reported another...
Hello Traders, Here's a brief technical outlook for bitcoin with some concerning/correlating pairs that help me establish my bearish bias for next week and possibly a few weeks ahead. I believe there is some downside risk at this point that shouldn't be overlooked before we break higher. A potential drop is more warranted in my opinion at this point. If anyone...
Hello Traders, A few days ago I posted a trade plan for buying USD/CHF once price action broke and held above with the candle body to consider a possible long position. For those of you that maintained your patience, good job - the trade finally developed and yielded a decent return for our discipline. RISK DISCLAIMER: Information and opinions contained with...
Good Morning Everyone, Here is your Morning Market Brief for Thursday July 9th. Trade Safe - Trade Well ~Michael Harding
Hello Traders, Another decent setup for USDCHF. Limited target of only 20 pips but seems likely at this point. This is the currency market so conditions could change unexpectedly. Before making any trading decision, understand the risks involved. Trade Safe - Trade Well Cheers!
Hello Traders, Quick update regarding Cable (GBPUSD). This pair is now approaching 1.26 critical resistance zone. A decent shorting opportunity might present itself. Personally I would keep a close eye on this pair especially since Gold is reaching the highest level since 2012. Cheers!
Hello Traders, Welcome to another daily market brief brought to you by LEFTURN. Here are some key takeaways for today's video Yesterday the European Commission provided a downbeat assessment of the EU economy stating that the recovery may be faltered as a surge of the new COVID infections prompt states to delay and in some cases reverse plans to let stores...
Hello Traders, Here's a brief market recap of what happened throughout the NY trading session in the currency market. Hard to tell at this point what to really expect for later this week but I mention several scenarios in this video to prepare yourselves for some possible movements. ~Michael Harding
Hello Traders, Happy Independence Day. Just a quick recap and review of where EURUSD will most likely trend to in the trading sessions ahead.
Hello Traders, As Bitcoin continues to trade within it's confined range of consolidation, it's a safe idea to scale back on any open positions as we head into the unemployment data from the US this morning. Yesterday BTCUSD rallied based on an optimistic speculative sentiment where traders added to their risk appetite from positive ISM and ADP figures. NFP...
Hello Traders, Here's a quick update regarding developments with EURUSD. Unemployment Rate for May up to 7.4% from April at 7.3% All eyes are on the US jobs data this morning. We already have some economic recovery optimism priced into sentiment. A disappointment in the jobs data could weaken the equity market and thus add strength to the greenback. Trade...
Hello Everyone, I had some questions recently asking me to explain leverage and margin so that's exactly what I'm explaining in today's video. Feel free to drop a comment below if you have any questions. Regards, Michael Harding
Hello Traders, Just waiting for EURGBP to make a higher high on the 1 hour timeframe to consider entering a long position. When analyzing GBPUSD, it looks like that pair wants to retrace shortly. At that point I would expect to see some strength with EURGBP.
This video will introduce you to TradingView keyboard shortcuts and will show you how to use the charting interface to help give your viewers a better user experience.
Hello Traders, Earlier I posted a trade setup with this pair. Trade went through. When I first analyzed the pair my initial sell stop was placed at 107.60 but I price action continued to move north which gave me a better entry price at 107.68. Currently holding onto a profitable trade. For good risk management purposes, stop loss is now moved to breakeven....
Hey Traders, The EURJPY short trade was executed @ 120.97 once price action made a clear lower low on the 1 hour timeframe. Now looking to hold this position until price action makes it's first higher high.