GBPJPY has been in a decent down trend, consistently making lower lows and lower highs. For this reason we are only interested in playing this pair on the short side because we only like to take high probable trading set ups that provide us with the best odds for success. Trading WITH the trend provides just that, we cannot stress this enough. With that being...
GBPUSD has been extremely bearish since the latter months of 2014 and traders all too ofter overlook the overall market trend because the market enters into a corrective phase which confuses people. Of late, we are attempting to break-out of this corrective phase to the downside, which already presented a nice short set up as seen in our previous analysis: We...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our short bias. We are still awaiting a break below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the...
TRADE UPDATE Previous analysis: Please see original analysis linked below for in-depth explanation of our long bias. We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a...
EURCAD is looking very similar to EURUAD in the sense that it had been in a strong downward trend since the spark of 2016 and is now currently in what is potentially a corrective period. As seen here: With the overall trend being to the downside we are only looking to take a short position. while there is still significant downside potential from where current...
GBPUSD has been in a VERY strong downtrend since pretty much the end of 2015 and spark of 2016 as shown in the image below... Retail traders all too often forget overall market trend and they get caught up in the confusion of corrective phases like the one we are currently in. GBPUSD has been so bearish for so long FOR A REASON, and we do not want to...
sell @ 1.1396 for 1.1346; stop @ 1.1496 To see more ideas, check my blog
Price hit resistance at the top end of the 1.14 range where historically gains to the upside have been sort lived and unable to hold. A retracement down to the 50% fib level where price will likely consolidate pending the FOMC minutes that'll shed a lot more light on the dovish tone set by Yellen last week is the likely outcome for Monday - Tuesday as bulls can...
sell @ 1.2710 for 1.2660; stop @ 1.2810 To see more ideas, check my blog
sell @ 0.8624 for 0.8574; stop @ 0.8724 To see more ideas, check my blog
Reasons for - Clearly price is putting in lower lows and lower highs (Clear Downtrend) - Price broke key level at 120.00 A week back so we maybe heading to next key level ? - Price has put 3 touch on short term 4 Hour trend line - Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing ...
I personally have been short on this pair since December :) Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so There are many reasons for this setup Fundamentals and technicals FUNDAMENTALS - jubilee year ? - shemitah Year ? - every 8 years a financial crisis - FED raising rates to...
Short at 1.4550, stop at 1.4850, profit target at 1.4250 and one more posibility.... Short at 1.4650, stop at 1.4850, profit target at 1.4250
SELL @ 0.7350 STOP @ 0.7380 PROFIT @ 0.7300