My very first recording, feeling uncomfortable and uneasy, but i guess that is the good thing about doing new stuff:) give your thoughts and comments please!
We have a very interesting scenario coming up for this pair, we have seen the range that has been active since 2016 (with the first hit of the mentioned support at 12-23-2016).
In recent weeks this pair has been going down like a rocket, propelled by the very strong Dollar.
Interesting to see what this pair does when it hits support, it is already flirting with...
During the second week of Bear action, we saw a break of the psychological level of 1.40000.
With 2 re-tests offering opportunity for traders to load shorts. An impressive move lower pushed this pair towards the March low.
With the bearish move in full force we could see a move lower towards the 2017 Bullish trendline, which could be offering support and...
In the past week we have seen a textbook technical break in the DXY on wednesday, with a test of the 91.00 (resistance turning support) on thursday, prior to pushing the market higher.
On friday however, during London opening hours the price surged higher, but quickly lost appetite and slipped slightly lower than the opening price. A very clear Shooting Star...
Hi All,
See the self-explanatory chart. A move up from Resistance turning into support, which confluences with the 50% fib retracement.
Tight stop-loss at 132.772
TP at xxxxxxxx (t.b.d.)
Hi all,
I did a very basic but clear trend analyses.
Currently GBPUSD appears to be a downtrend. We have hit a resistance zone, there is some evidence building that a counter trend move is developing.
To clarify this evidence we have to drop to the lower timeframes, in this case the 15 minutes;
In this chart we see that price came to a halt at this level, we...
Today we are looking at one of my current open trades.
This week the NZDUSD pair has been in focus for me, The Bullish breakout last friday was quickly recovered and price quickly reversed to below the Bearish trendline, this opened the door for a Bearish reversal this week.
On monday we have seen price moved up initially but was unable to come near the high...
Hi all,
Despite the price action leading up to the NFP data friday, price managed to get back above the trendline of March. To me, this means a good opportunity to go long if opening price is close to the friday closing price! The pullback did not manage to close below 1.40 (psychologically relevant!!). If we see a re-test of the trendline or a retest of the...
We are currently at a very important crossing, the downtrend meets the longterm uptrend. In my humble opinion the numbers of the RBA coming in a few hours could decide whether or not the USD gains more on the AUD currency, or we could very well see a trend continuation.
Either way, i am looking at this with my eyes wide open, 2 important level to me are;...
