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Good Morning Everyone, Update to the Pending EURUSD Short EURUSD confirmed on the daily a break of the lower support of an Ascending Wedge that was being monitored. After a False Break the support had to be redrawn and allowed bulls to give a shot. The market quickly snuffed out the bulls and bears absolutely dominated the last half of the Tuesday's trading ...

It's been awhile boys/girls, I've been busy but trading is always there. Appreciate those of you that stayed in contact with me via PM, I never went anywhere just didn't have the time to post ideas. We have a clearly defined Ascending Wedge on the EUR/USD that is supported by divergence. Be patient and keep your eyes on this structure, once a break is confirmed ...

Greetings Fellow Traders, I thought we were all done with these violent ranging swings on NZDUSD - the overall picture remains unchanged and I am once again Short on NZDUSD (Long on AUDNZD, GBPNZD) for the next several weeks. After the Bearish Flag/Triangle continuation post - the market adapted to a descending wedge and broke back to the upside. Do not expect ...

Greetings Fellow Traders, Just a semi mid-week update. This post doesn't just pertain to the NZDUSD pair but as many of you know I'm a technical trader. Adding speculation into my thought process about whether fundamental news will be good or bad and how it will be perceived and who will buy/sell as a result of that is just not something that interests me. I ...

Greetings Fellow Traders, Here is an update to a previous post regarding the potential for GBPUSD to complete and confirm a well defined reversal pattern. You can expect in the next several trading days for the bulls to break the latest bearish strength. Once this happens we should be well on our way to reach the measured objective around 1.5100 Feel free to ...

Greetings Fellow Traders, This is a good set up regarding the AUDNZD pair, the chart being viewed is from the 4 hour chart. We can see some structure develop as it continued to drop but recently that bearish strength was broken and currently we're retesting that strength. What you cannot see from the 4 hour chart is why this location that the market chose may be ...

Greetings Fellow Traders, This isn't an immediate trade, but it's one of a select few on my radar while other trades continue to be extremely successful. It's good to look ahead, but never jump the gun, wait til the entry fits your style personally. On the Weekly Scale, EURUSD has all but confirmed the resistance near 1.1450-1.15 is still very large and in ...

Greetings Fellow Traders, NZDUSD has provided us with some good opportunities, but also some frustrating ranging price action over the last few months. Which is why it might seem odd that I've selected this pair as the trade of the week, there are actually several reasons why, here's the setup(s): We'll start off with a projected price channel that I've had my ...

Greetings Fellow Traders, Just an update on an idea already posted - as described before we had the potential to break higher or delay this break with a temporary move lower. The market moved lower providing a good selling opportunity and we're finding ourselves once again on the bring of the same buy setup. Keep an eye on the end of week close for the most ...

Greetings Fellow Traders, There are always price action and structure developments occurring. The waves of the market bounce around between currencies. On the near horizon one of the best looking setups that has taken on additional structure is happening right now on the GBPCAD pair. A Descending Wedge Pattern is a structural pattern that indicates Sellers ...

Greetings Fellow Traders - NZDUSD continues to be undecided even after what appeared to be a very significantly close to last week. The key .6860-.6900 level held on the daily candle through Friday - but it was very quickly erased to begin this week's trading. Monday's Daily Candlestick made sure of that. Price action on the daily and 4 hour charts suggest that ...

Greetings Fellow Traders - In an important note on a EURUSD commentary I mentioned that GBPUSD was the exception to what I am seeing as bullish pairs actually indicating bullish trend potential for XXX/USD pairs. GBPUSD was incredibly bearish the last few months/weeks - an Incredible sell off - followed by another strong sell off, but shorter lived. Since then ...

Greetings Fellow Traders - Keep an eye on the EURUSD Daily closes this week - as we've had good luck buying EURUSD last couple of weeks - it looks yet again to be ready to move higher, pending commitment to the move. I've outlined the key adaptive technical levels I'm currently looking at, if the 1.1350 area can be confirmed to be broken on the daily close - ...

Greetings Fellow Traders, GBPNZD has been inside a massive correction for several months now - the anticipated break has been to the upside - but it has failed to produce a desirable close to confirm that conviction several times already, instead opting to continue the correction. We are finding ourselves once again on the brink of this important move.... Rule ...

Greetings Fellow Traders, Last week's daily confirmed close below a key technical level was overruled by a higher time frame, the weekly. I've opted to show the weekly chart to help illustrate exactly how/why - but it all boils down to simple support and resistance, Old Resistance Became a New Support. The Trade of the Week is going to be NZDUSD Bulls - I'll lay ...

Greetings Fellow Traders, EURUSD had quite the movement last week, with a well defined move above the key 1.1065 level that was already identified. Buys were sought near this level and for pretty much anything under 1.11000 as long as it continues to hold. The move to 1.08 area before the massive surge on the daily scale buys the EURUSD time to decide which ...

Greetings Fellow Traders, AUDNZD made a key break over the last couple weeks of trading giving more reasons to be looking for longs. AUDNZD on the weekly scale continues to confirm every thing that is needed for a successful Head and Shoulders Pattern. On the short term expect the current buying pressure to continue all the way to around 1.1520-1.1600 depending ...

GBPAUD is set to reach 1.9350-1.9450. Current Price ~1.9000 is a great buying location as old resistance becomes new support. This buy is nullified by making a new low in the 1.8880 area Targets would normally be 1.96000 area as noted, however due to the break of the enormous daily/weekly channel, I'll look for 1.9350-1.9450 to serve as a good target ...