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ride the trend, good luck!

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follow the trend, caught 15% in the past week, likely to see a few loses in the next few weeks, lets keep the money managed:D

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seems that dollar is going to have a rough ride for a while, eurusd zigzag continues..

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third long on EU this week, hope the momentum persists! Checkout my blog: wolfradar.com/blog

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took some losses lately, market direction unclear, however, stay disciplined and stick to the plan! long position entered

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waiting for retracement then long

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entered long EU tp 1.097 Trump risk tomorrow and ECB Thursday so i will be out after this trade

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Macron led to a big gap, taking a bit more risk than usual, lets see if this works out.

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made 15 % return this past week, strategy is working well on 15 min chart, no more trading now until next week after the French election

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my projection tells me that USDOLLAR has room to continue down this channel until 12050, in the mean time we can sell the top of the channel with a stop outside of it or wait for a break out and buy it! nevertheless, this is a correction move in a larger trend in the long term, use good money management and do not revenge trade! Please also checkout my blog at...

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amazing to see 3 pairs and usdollar all on support/resistance, watch for rebound or wait for breakout, no trend yet!!!! wolfradar.com/blog

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Watch out this line!

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Today's Forex analysis. EURUSD failed breaking resistance at 1.048 this morning, sellers have taken control and dragging this pair towards 1.036, near term support level. Read more at WolfRadar.com

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wolfradar.com The data came out today such as the GDP which exceeded expectation and the poor Canadian CPI pushed USDCAD spike higher through 1.035. However the breakout happened this morning certainly was supportive to the upward momentum. Since then the market has retraced near the previous resistance and retesting 1.035. Next resistance can be seen at 1.0355:

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4H RSI uptrend, pull back completed at 20 EMA, tp at 118.3 Wolfradar.com

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as bearish as it may seem, this support may play a big part, cautious wolfradar.com

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au downtrend preserved very well, capped below 20ema, short with 30 pips tp at 0.7265 wolfradar.com

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wolfradar.com Longer term bias is certainly a sell, I believe 1.05 is a good entry for a short position. On the other hand, short term hourly chart shows consolidation as RSI lies between 40 and 60, a break and close below 40 with price break below 1.04 would be a valid confirmation of short term downtrend resuming.