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GBPUSD up date
GBPUSD
, 240
Short
GBPUSD: GBPUSD up date

Here is another Forex trading snack! With news bombs flying around GBPUSD has finely broken higher. But what’s new here with these kind of moves right? It seems the market is leaning very negative, so when there is news, rumors of news, or news that can be interpreted as positive / no hard Brexit, the currency has a higher probability of jumping higher. But as I...

GBPUSD sell now?
GBPUSD
, 1D
Short
GBPUSD: GBPUSD sell now?

Welcome to Forex Trading Snacks I know it’s the GBP! And some traders are asking is it time to sell it now because of it’s recent pop up from a short term bottom? No one up to this point has asked me if it was a good time to buy it for the same reason? So if everyone is short why is it moving up? Truth is there is only one good reason for getting into a trade...

AUDNZD trade idea
AUDNZD
, 240
Short
AUDNZD: AUDNZD trade idea
Updated 

One good thing about trading Currency, there is always another trade. And at times setups show up in groups of similar patterns across multiple pairs. Longer term chart patterns are much more reliable as patterns to play. First being a longer time frame chart pattern means more trades have been applied to form these pattern, and when they break—the moves are...

NZDUSD trade idea
NZDUSD
, 240
Short
NZDUSD: NZDUSD trade idea
Updated 

Thought I’d poss up some Forex trading snacks! The NZDUSD is coming into a short term risk reward zone and up against a falling channel trend line. I see this as an opportunity to short some mainly because the price action is heading into multiple technical resistance zones and the back story is one of one of the most dovish central banks VS one central bank...

EURUSD I believe moves more on dollar revaluation .
EURUSD
, 1D
EURUSD: EURUSD I believe moves more on dollar revaluation .

Wow! What crazy short term market moves!! That right on a day like today where the EU zone reported weaker economic numbers but seemingly the EUR held up in value until news / rumors / or presidential Tweet on social media, announced that the China trade war was relaxing just a bit. Pushing tariffs out which gave the impression of relaxing the hard line trade war...

GBPCAD short trade idea
GBPCAD
, 120
Short
GBPCAD: GBPCAD short trade idea
Updated 

On my 2 hour chart I can make out a EW potential 5 wave setup. From the 1.6230 ish recent high. Currently price action has moved up into the 1.6030 ish area but also on a smaller time frame chart I can see a 5 wave pattern developing with the 5 and final wave yet to come. I suspect now that NY Monday’s trade is over that in Asia trade this pair could push higher...

EURGBP a story of the strongest weakling.
EURGBP
, 60
Long
EURGBP: EURGBP a story of the strongest weakling.
Updated 

This currency pair isn’t a story about a strong currency vs a weak one. It more of, which one is the stronger currency of two weak ones. Having said this, I believe that the EUR currency value as reflected by current price in EURUSD is just a repricing or revaluation of the dollar, than improving economic standings in the EU zone. Because of this belief of mine I...

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