About meWe are a day & swing trading community which focuses on educating traders our complete system, which is simple yet effective and then focus on getting your mindset primed so you can win the many battles the market present you with!
GBPUSD just took a dive into a new trading zone after the comments from the BoE.
We see a decent swing trade here based on our key trading levels and the indication on other GBPXXX trading pairs.
Before the news we shorted GBPJPY based on a bearish reversal contraction.
We now continue to sell the GBP but VS the USD this time!
we use a very unique trading style, a system we completely created from scratch, its a pretty simple system yet its very effective!
This video explains what we are doing with our active sell trade and showcase what we plan to do, we also go over a summary of why we are selling this pair!
The chart pretty much explains exactly what we are preparing to do on EURCHF, go long!
But... yeap, we focus on being professional and "following" the markets without making crazy price predictions as we are no guru's or wizards and we surely have no crystal ball to predict the moves.
It is our duty and ongoing responsibility to be proactive and reactive at the...
There are good chances BTCUSD could be moving lowering in the short-term (by weeks end) as price action is currently creating a bearish continuation pattern which we expect to create a breakout in the coming days.
The chart explains what we see, no need to waste too much time typing here.
Trading is Risk vs Reward, we are putting down a risk with the belief...
As per the chart, our system indicates that a bullish run could occur on GBPUSD.
A shorter term profit target can be 23.6% fib or 36.2% fib... but generally 50% looks like a solid zone to target for profit taking.
With us being reactive traders we prefer to take the charts into 3 phases:
THE PAST: What happened, where are the key levels, how did price react...
We're taking a long position on USDJPY as we believe there is a good chance that this is a fakeout of the bullish continuation pattern.
USD took a nosedive in today's NEW YORK OPEN even tough there are solid signs it should be heading upwards, but how right can we be? No trade is a winner until it is closed in profit, so take precautions and be ready to close...
An important thing to note with contraction fakeouts, if they are valid and work out, is that a vicious reversal usually follows.
Currently, price action came right back into the contraction and is testing the bottom layer of it, which could easily create a breakout. Later in the day we do get the US Crude Oil Inventories which could be the push the WTI bears...