EURUSD has seen a lot of downside and finally continued its downward trend last week. We have a lot of data coming out this week but I will continue to look for entries with the trend. Look for a break of the previous low or a retrace with a chance to sell. This is discussed in the Weekend Preview. Check it out here: youtu.be Have our ideas delivered right to...
Here's a chance to get a quick scalp and risk essentially nothing. Just playing a little support/resistance
This pair has been consolidating inside the October 15th candle. Both buyers and sellers are waiting for a catalyst to get excited about this pair. This sets up a very simple breakout strategy. You place entry orders above and below the highs and lows of the candle. Once price spikes through, you are entered. Blue lines would be 5 pip entries. We discuss this in...
I am looking to sell this pair at the open (AS LONG AS WE DON'T GAP). The last three days of last week showed a reduction in buying pressure each day. We have remained below the .7888 level as well. A break and close above .79 will make me close my position. First target is testing previous low. We discuss this in the Weekend Preview. Check it out: youtu.be
It is no secret the SNB put in the price floor of 1.20 on this pair. We are currently sitting at 1.2058. We have just put in a triple bottom and Im looking for a bounce up. My stops are going below the 1.20 area as I think SNB may intervene the closer we get (if we get closer). We discuss this in the Weekend Preview. Check it out: youtu.be
This pair had me intrigued before it gapped up. It was into a resistance area that it has been unable to break through. It has gapped into the my resistance zone (between red lines). If this pair fills the gap and closes below the Friday close, then this will be a strong bearish signal. Check out the analysis here: youtu.be
This pattern may not complete but we are near the B point on our way to the D point. I usually don't put entries on until we at least get to the B point. Look for this to be a good reversal area in the event the pair continues to rise. Check out the analysis here: youtu.be
This pair has had a pretty clean 4 waves thus far. The question we need to ask ourselves is whether or not wave 4 is complete. I'm looking for a move down to around 1.24 which is equal to the first leg and right at the 1.27. This was discussed in the Weekend Preview. Check it out: youtu.be
This pair respected both the .236 fib level and the downward trend line. This is a very steep trend line but until it breaks above I will keep looking for selling opportunities. We talk about this and more in this weeks Weekend Preview. Check it out: youtu.be
This pair had a nice retracement back to a former high which also coincided with the .50 retracement of the recent move. On Friday we close just above the 106.80 number which was form support/resistance. Eventhough it was only 3 pips above that level it leads me to believe this pair to get back to the 110 mark. We talk about this and more in this weeks Weekend...
There is a nice bat pattern that is halfway to completion. All the targets and stops are labeled on the chart. We talk about this pattern and more in this weeks Weekend Preview. Check it out: youtu.be
We have put in our 4th doji at this area of support and resistance. The dojis are labeled above. We are right up against the line and form support should turn into resistance and we should head lower. However, twice before we have broke through this line. Look for a confirmation before placing a trade. We talk about this and more in this weeks Weekend Preview....
This pair has broke through what seems to be a price floor. We have now rallied back up into this zone and are looking to continue downward. A break and close above this level will invalidate this trade. Look for price action confirmation. We talk about this and more in this weeks Weekend Preview. Check it out: youtu.be
This pair rallied down into major support but could not hold that level. We will look to see if it rallies down to this level again and look for an entry opportunity. We talk about this and more in this weeks Mid-Week Update. Check it out here: youtu.be
All USD pairs were fairly volatile but when the dust settles hopefully there is a clear message. We are looking to see if we can close above the most recent high. If we do so, then we could see more upside but you have to be patient for the close. We talk about this and more in this weeks Mid-Week Update. Check it out here: youtu.be
EURUSD looks to hit the trend line every 3 years. The weird thing about it is the months in which it hits, almost always around the same time (April-May). After 12 consecutive weeks of downward movement we finally see a green candle. If you do a little more digging you see the raillies go up into the .618. That would be around 1.3400. I'm aiming for a move...
This pair has begun to fall. Ideally I'd like to see it fall all the way to the 105.40 area where the .50 fib entrancement meets structure. Also be aware of the 106.80 area where the .382 is near minor structure. We talk about this and more in this weeks Weekend Preview. Check it out here: youtu.be
This pair had a cypher complete on Firday but there is still time to get in. Your targets are the .382 and .618. We are also at major structure which should help the probability on this one. We talk about this and more in this weeks Weekend Preview here: youtu.be