Sterling Pairs, if you zoom out to the daily chart, had been in a sell-off run (bid run for EURGBP) for a few months now. For GBPCHF, the sell-off all started, technical-analysis wise, after the institutions tapped in 1.3375xx-1.338xx early may, forming an equal high formed two months previously. Fundamental/Sentiment analysis would suggest that this was due to...
Short positions %59,83 (Daily difference %+7,34) -Long Positions %40,16 (Daily difference %-7,34)
Short positions %20,94 (Daily difference %-2,15) -Long Positions %79,07(Daily difference %+2,15)
With over 80% bullish sentiment, this one calls for shorts (besides GBPCHF and GBPUSD). Trade plan here is very simple - open shorts in red area, SL somewhere around 30 pips, move SL to BE when it closes below box centre, offload half of position in green area, leave the second half to run. Eventually I expect this pair to go lower (see weekly bird view chart...
A breakout opportunity is forming on the EURUSD. The pair is in a downtrend since many weeks and has offered plenty of trading opportunities. More recently it has been consolidating between the high 1.14 and the low 1.12. Currently, the price is squeezing and the indicators we use, all confirm that a new great opportunity is coming. Remember to be patient and...
I usually post 1h charts but I think this weekly chart is very helpful to every FX trader . EURUSD is in consolidation since last May in the 1.155–1.18 area. This situation is the prelude of a breakout and a big impulsive move coming in the second part of 2018 and possibly 2019. The indicators are currently looking good but we need to wait and see the breakout,...
The BTCUSD is due to a major move soon. The pair has been consolidating to the downside for several months now and it has been significantly squeezing until now. During the last few months, the pair formed Lower Highs and Higher Lows, hence forming a nice pattern that is about to be broken. The Sentiment Index is squeezing which is a great indication that...
A breakout opportunity is forming on the AUDUSD. The pair is in a downtrend from a few weeks and has already given three very great sell opportunities. The setup was identical for all the three: • breakdown of price • breakdown of Sentiment Index • opportunities below resistance Right now the breakout could be either to the upside or to the downside so let's just...
"There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again" -Jesse Livermore. Despite claims that millennials are the most purpose driven generation, history shows they have failed to overcome the traps of speculation and investment. From the...
A breakout occurred a few hours ago on BTCUSD. Remember to always follow your strategy!
A long opportunity is emerging on EURUSD 60min. • Price is consolidating • A resistance turned into support at 1.1696 • Bullish sentiment is fading. We need a breakout of the trendline Always wait for confirmation from your indicators.
A breakout occurred on the GBPUSD a few hours ago. A retest might be a good place to enter. Remember to always follow your strategy!
A breakout just occurred on the GBPCHF. Remember to always follow your strategy!
A breakout just occurred on the GBPNZD. Remember to always follow your strategy!
A breakout just occurred on the GBPCHF. Remember to always follow your strategy!
The breakout occurred a few hours ago just retested the breakout line. Remember to always follow your strategy!
A breakout just occurred on the AUDUSD. Remember to always follow your strategy!
A breakout occurred a couple of hours ago on the AUDCHF. Let's wait the retest. Remember to always follow your strategy!