Indications are clear, on the 4H we have a breakout of a rising wedge pattern, on the weekly we see clear resistance.
I wount go into a lot of details here, actually barely any... I am just releasing this to showcase that you don't need a million indicators, nor do you need hours of analysis to find a trade setup. The last few trading weeks give us everything we need to short GBPUSD, especially that bearish pinbar.
I've taken EURAUD up... the RR is decent but we still need to wait for a full confirmation of the support. It is a little risky to get in this early... if you plan to trade this one perhaps you should wait a little and not rush like I did :) Good luck! (got a video on my YT channel about this trade)
I've just sold USDJPY based on the idea that this *possible rising wedge will come hard down after the wrapup of the US Congress Elections. The 30% is usually a good reversal level which supports my idea of a bearish reversal. If you take a look at the daily chart, you can see a possilbe head and shoulders being formed. Of-course the trade idea has weaknesses...
I'm looking to take this one up and then down. The play looks good. 3 higher highs trying to be completed with in this possible rising wedge. Price action should find support sometime soon and recover some pips. I expect the US Congress elections to weaken the USD which should push safe heven assets higher, such as JPY and Gold. But that should happen...
I've been buying EURJPY since Friday and thats been going well... but after my morning review of the USD (for the US congress elections) I came to the conclusion that the USD should weaken today/tomorrow. I found this possible head and shoulders forming on EURUSD and decided to jump aboard. I don't release SL/TP targets here. For take profits I target key...
The play on EURJPY's daily chart is very promising for both day and swing trading. The rewards can be impressive if price action continues heading higher. We have 4 very good reasons to buy this pair technically and they are, the below can be seen on the daily chart) 1. 3 higher highs pattern 2. Bullish pin bar at trendline support 3. Breakout of bearish...
I haven't posted in a while on TV and I will keep it that way as I am to busy with coaching and analysis on my personal blog, however I will try to post a trade idea a week here too. Today I am shorting EURJPY, even tough the EUR is pretty strong in todays EURO/UK trading session and even in the US session, I expect/believe (based on my analysis) that EURJPY is...
The pair has been trending in a medium-term channel for a few weeks now. If the current daily candel persists to the down side (stays red) I will have further confirmations to enter. I did take the trade but I am planning on scaling into this trade after the todays close.
The USD has had its fair share of weakness this year., the exact opposite of the US Stock Market. Statistically, Republicans have a weak US and Trump, being a Republican, is of the same belief. Since he was elected I waited for every good opportunity to sell the USD and today is that time again. The above screen-shot of AUDUSD is but one example of the...
The Euro seems to be losing steam as there are excellent trading setups across virtually all Euro trading pairs. For example, EURGBP suggests that we have a nice 100+ short-term-drop coming. There are two events that could affect the market today, - Euro group meetings - Theresa May attending BBC show today The rest of the movement is all based on technicals.
The pair has been trading in a weekly channel for a long time, more specifically, since mid 2015, there are no good reasons for the channel to be broken but there are reason for price to chill out and stick to the trend line for a little bit longer... this is a TREND trade. I am in, but I am looking for at least about 200 pips in gains over a matter of few days...
Once again, I have plenty of fundamental and technical reasons to buy USD's against almost all major trading pairs but I will not be doing this for long as I expect a very weak USD later in the year. My idea is that within the next 2 years EURUSD will head back above the 1.25 range and possibly the 1.30 but i'll speak about this in the EURUSD analysis, I just...
Welcome to May 2017! This can be a month to remember or a month to forget, I choose greatness and memory! My trades will rock and roll today! I have had a buy since the 28th of April on USDCHF and now I am adding another CHF sell this time on AUDCHF. Price action is indicating a strong bullish push in the short run, my first target is the 37.5% MPI (Price:...
We are selling EURUSD based on fundamental analysis. UPDATES COMING
There is something special cooking in the EU. Dax is at a 2 year double top (exactly), it can be seen well on its weekly chart. May will be an important month to the Euro, we have the French elections, the second and final round will take place. Resistance can be seen in the last week weeks, but this week is different, sentimental movements have caused DAX to...
The Euro bulls finally seem to be losing strength. I believe a retracement will happen soon which will push the pair down to 1.08 in the short run. I entered my sell at 1.09314 recently. UPDATES COMING IN COMMENTS
There are excellent chances of GBPUSD breaking to the upside in the current move or the next one. GBP has been strong versus most other FX pairs today and is nearing the end, versus the USD, on its Bullish Flag Pattern. I am going to be trading a breakout here, I will not jump into the trade and will wait for clearer sings that the actual breakout has happened...