TradersClassroom

TradersClassroom

The recent chop in this pair has provided some opportunity for a few harmonic patterns. These set ups are both against the prevailing trend. The blue is a Bat pattern and the green is a Butterfly pattern. If you look left on the PRZ for the bat you will see a little inside support area. Happy Trading!

TradersClassroom

Trade Of The Week Each and every week we will put out a trade of the week in hopes of educating you through real time market setups. All of our ideas are for educational purposes only but it is your choice to follow or not. We are going to choose to take a long position here based upon a few factors. We are a little late to the party on the bat pattern showing...

TradersClassroom

This pair is retesting trendline support. I look for it to continue to make higher high and higher lows until price action proves me wrong. A break below the trendline would get my attention. Watch Video Analysis Here: www.fxtradersclassroom.com Have these ideas delivered to your inbox: www.fxtraderclassroom.gr8.com

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All Yen pairs have blasted off to some place out of this world. I'm looking for a potential to get in if they come back to earth. This pair has hit the 1.27 of the original move. If it pulls back to near 100 which coincides with .50 retracement of the most recent leg then I will be in. Check out our discussion on this in the Weekend Preview here: youtu.be Have...

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This pair finally broke out of its 200 pip death sentence. It has now moved downward. Look for potential areas to sell again is it rallies back up to former resistance turn support. Check out our discussion on this in the Weekend Preview here: youtu.be Have all of our ideas delivered directly to your inbox: fxtradersclassroom.gr8.com

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We've had our eye on this pair for about a week or so waiting for it to pull back to a good buying area. If, and its a big if, we can pull back to the 1.1250 area where support from the channel and horizontal meet, then I think that would be a good area to consider a buying opportunity. We saw a small USD crash on Friday, so traders may be buying up USD this week....

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This pair continues it push towards the 1.20 price floor which puts the SNB in the spotlight. Will they intervene or not? They may just let the 1.20 level hit and see what happens naturally. Here's the main problem. According to the sentiment index, 98% of people are long in this pair. Who is left to get long? It will be fun to see what happens once/if we hit that...

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Fundamentals point towards a currency war between these two. Will look to get short on a double top. Every thing else is on the chart. We talk about this in the Mid-Week Update. Check it out here: youtu.be Have all of our ideas delivered directly to your inbox: fxtradersclassroom.gr8.com

TradersClassroom

This pair seems to be pulling back inside the channel. We have put in the "a" and "b" wave and are looking to enter long near the trendline. Watch price action as we approach this zone. We talk about this in the Mid-Week Update. Check it out here: youtu.be Have all of our ideas delivered directly to your inbox: fxtradersclassroom.gr8.com

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Looks like we have a 5 wave move here and could be putting in a corrective pattern. Well have to wait and watch. We discuss this in the Weekend Preview. Check it out here: youtu.be Have all of our ideas delivered directly to your inbox: fxtradersclassroom.gr8.com

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This pair is approaching an area of interest. It is defined by recent support area turned resistance and the .50 retracement of largest move up. In this area, I will look for price action to distinguish whether or not it will continue down or have a larger pullback. This area is from 1.59 to 1.60. We discuss this in the Weekend Preview. Check it out here:...

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This pair have been trading just on top of a shelf for months. Even with the weakening EURO this pair has been unable to break through the floor. As this level comes close again you can either use it as a place of support and try to trade back up to 1.43-1.45 area or you can wait for a break and close below the level. A break and close could be the catalyst to...

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The pair has had four consecutive days of trying to break and close above the .7845 level. It have been unable to do so which makes me think there are a lot of sellers just waiting above that level. I will short with stops above last weeks high. We discuss this in the Weekend Preview. Check it out here: youtu.be Have all of our ideas delivered directly to your...

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These two banks are essentially trying to accomplish the same thing, a weaker currency. BOJ laid down their hand last week. Tomorrow, ECBs Draghi gets his chance. He needs to be concerned with the EURJPY rate. The real question is whether he will do anything or not. Technicals show that we are back at a former area of resistance. Could we see a pull back? If we do...

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This is a great areas to get short without risking a lot. We discussed this earlier this week.

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Looks like this pair has broken out to the top side. We have retraced a little bit but I will look up buy in at former resistance. We were previous in this trade and rode it for 200 pips. Looking to get another move north here. This is discussed in the Weekend Preview. Check it out here: youtu.be Have our ideas delivered right to your inbox: fxtradersclassroom.gr8.com

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This pair recently broke a downward trend line. However, it seems like we are ready to continue heading south. As you can see from the highs and lows illustrated, we are no longer putting in higher highs and higher lows. This is discussed in the Weekend Preview. Check it out here: youtu.be Have our ideas delivered right to your inbox: fxtradersclassroom.gr8.com

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Last week this pair just destroyed all the shorts. I feel sorry for anyone without a stop (not really. Be smarter!). Near the 1.414 level is the completion of an ABCD pattern. If you are gutsy enough this would be a good area for this pair to "catch its breath" and maybe pull back. However, I don't think I want to trade against this pair but rather buy up...