Hi traders, there is very nice 1. correction after huge BO to the trading range. I will let you know. Paul
Hi Traders, one nic trade for following week. There is huge rejection on the H of the range. There are more ranges on this pair. On all of them there is a sigh of overbought market. I will let you know. Nice day! Paul
Hi Traders, one quick trade today. Wait with the stop order on yesterday daily low. I will let you know. Paul
Hi Traders, nice situation on NZDCHF. 1. Pair on long-term support. 2. Many days in triangle above this strong support. 3. Strong BO out of the triangle today. The price action in following days will be very important. I will let you know! Paul
Hi Guys, one nice trade today. 1. BO ot of the range. 2. BO above strong SR area. 3. On the weekly, the market is on the low of the trading range. I will let you know! Paul
Hi Traders, one nice trade today. 1. This pair has broken out of the wedge. 2. This BO has been supported by strong resistence. I will let you know. Paul
Hi Traders, one nice trade on NZDCAD. 1. Pair on the H of the range. 2. Many tries to go UP that have failed. 3. Strong resistence, where this price action is. 4. Quite weak price action during the Long phase of the move. Be carefull when the trade will test the L of the swing. I will let you know! Paul K.
Hi Traders, there is nice opportunity on GBPUSD. New short momentum on the top of the trading range! 1. Long-time short trend. 2. Slow price action after the test of the high of this range. 3. Strong momentum into the range. 4. Nice potential for the profit. First area to look at is the 1,25. Low of the strong UP bar. I will let you know. Paul
Hi traders, one new trade today. 1. Strong UP move some days after last move down. 2. Trading in a range. 3. Test of the low of the range and quick move UP. Nice trade today. I will let you know. Paul
Hi Traders, there is interesting opportunity on XAUUSD. 1. It is trading in a range. 2. There was a test of the H of the range. 3. Strong short with a smal congestion. 4. Test of the H of this congestion and strong short momentum. It is a quick trade. If it will not work till friday, I will close this trade manually. I will let you know. Paul
Hi Traders, there is nice opportunity for long-term trade on USDCHF. 1. There was some strong BO DOWN of the trading range. 2. Then the market stopped, but there was no strong rejection. 3. After test of the H of small CG there is strong rejection. 4. PLUS - There are strong confirmations on the weekly and monthly charts. The stoploss is a bit higher, but there...
Hi Traders, there is nice opportunity to go short once more. 1. Return to range. 2. Creating congestion near the high of the range. 3. Strong break down of the congestion. Be careful near the 1,322 area. There could be potential strong rejection. In this case, go out as quick as possible. I will let you know. Paul
Hi Traders, there is one nice opportunity to trade today. I was waiting for it some time and the time is coming now. 1. The pair was moving in very nice trading range last 8 months. 2. There was a try to break out of this range, BUT the price action was very weak. - this is an alert, but there can stillbe a strong continuation 3. However the return to the range...
Hi Traders, there is nice opportunity on AUDUSD. This is a longer-term trade again. 1. There is very strong TR on this pair. 2. Price was moving on the upper part of the range for long time. 3. Then it breaked down. 4. After this breakout there was just a weak UP move into strong resistence area. 5. Strong BO down of this area today - new momentum to the...
Hey Guys, one last trade today. There is nice possibility to enter short after BO. Yesterday there was better time to enter but the market did not give nice Price Action to enter, still in congestion. Today the situation is still valid with positive RRR. Paul
Hey Guys, a very strong situation is forming on DAX. Wait for the test of the All-time High. If it failed, go short! More info in the screen. If I take the trade on the daily chart, I will let you know. Paul
Hey Guys, today I want to start writing about breakouts. As I have read many articles these days it almost looks like the breakouts shouldn't be traded at all. Many traders even despise breakouts because one is entering trades TOO late. But the truth is there is many situation where the strong BO gives nice confirmation for a trade. In this part I want to give...