GBPUSD made a great bearish movement in week 6. It should provide short traders with awesome profit. Together with my entries in EURUSD, it enabled me to make an increase of about 8% in my account equity. Not too bad in my view. In week 6, we see a break down to bearish level zone 2 and it ended off staying in that zone on Friday. What would be expected might be...
A strong bearish move for EURUSD, its low risk and high returns. For all traders who shorted it, congrats! I personally missed the initiate movement of the pair, however, I managed to get in together with GBPUSD, which see a growth of about 8% for week 6 in my overall equity. For week 5's analysis, we expected a bearish move for week 6, which happened in the...
USDJPY moved upward slightly in week 6, which was enough to confirm that bear would be staying out in week 6. It then spend the rest of week 6 staying in range mode, consolidating and getting contracts. Any traders who wants to get the pair to move either upwards or downwards would be stuck with losses. The analysis in week 6 painted an overall bearish view, but...
USDCHF made a strong upwards move in week 6 and only until Thursday and Friday, we see some consolidation going on. It was a good price movement for traders who long this pair. Good profit with minimal risk! USDCHF moved according to our analysis in week 6, however for week 7, it is a little mixed. In the bullish zone 1, we can see a double top pattern which...
USDCHF has moved quite nicely, according to previous analysis, showing persistent in the bearish trend, and went on to level 2 bearish zone. However, in week 5, it seems to halt and change the direction. I am heavy in shorting USDCHF, and I ended with about 4% overall equity loss but was helped by profits from other pairs which ended my January with negative 0.4%....
USDJPY has not moved much in week 5, it seems to be range-bound for the time being after the flash drop a couple of weeks back. It is natural for the price to go into smaller and smaller range consolidation after a large move, so we might be in it currently. If we are going into a smaller range bound, two questions could be asked regarding the current situation,...
EURUSD made a strong rise in week 5, it raised from Monday to Wednesday, and only to die down on Thursday after seeing a reversal pattern on the M15 chart and follow by a second confirmation on Friday during the NFP which completes the reversal pattern on the H1 chart. EURUSD completed its three levels of rise and ended week 6 with a complete bullish level 3...
GBPUSD has finally made a reversal pattern as we see on the H1 chart. It seems like the price has overextended for a while and finally, we see some hint that it would be moving down for the near future. In week 4, GBPUSD has made a small consolidation followed by a final push upwards which lead to the reversal price pattern. It then quickly break below reversal...