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We're taking a long position on USDJPY as we believe there is a good chance that this is a fakeout of the bullish continuation pattern. USD took a nosedive in today's NEW YORK OPEN even tough there are solid signs it should be heading upwards, but how right can we be? No trade is a winner until it is closed in profit, so take precautions and be ready to close...

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A video analysis is attached as a related post of this trade idea.

06:51

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All the details of this trade idea can be hear and seen in the video. AN important sidenote is that DXY, the USD INDEX, is showing bearish signs (to us atleast)

01:46

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All the necessary details are listed in the related trade idea, which was released not long ago.

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An important thing to note with contraction fakeouts, if they are valid and work out, is that a vicious reversal usually follows. Currently, price action came right back into the contraction and is testing the bottom layer of it, which could easily create a breakout. Later in the day we do get the US Crude Oil Inventories which could be the push the WTI bears...

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EXPECTING BEARISH WTI As seen in the screen shots released in the chat and trade alert channel... we see that WTI is currently at the top of its range and at an important resistance level which is the upper trend line, connect that with RSI being at the overbought zone and we have a higher probability of selling over buying. The pattern we are trading is a...

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ENTRY 13376.6 | TP 13157.3 ( pips 219 / RR 2.24 ) | SL 13475.4 ( pips 98 ) Very important details are listed in the chart, REVIEW them. We highly recommend not to go too big as we might hold over the weekend. (but the only way we earn in this market is by risking so if your not comfortable with risks, then your either trading too big or this "game" is not for you.)

PrimedGroup Updated 

A decent move could be cooking on EURGBP for upside, price action seems to have formed a contraction and with RSI at the over-sold area for a few days now we could see a move up to the 50 or 61% of the contraction. There is a bigger than normal risk trading this asset (the GBP mainly) because of the upcoming important vote on Wednesday... of-course that could...

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We recently went long on EURJPY too. The asset is trending in a bullish channel and currently using an important DC level of reversal. Price action broke a nice 1H accumulation and is showing great bullish potential

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All the necessary details about the short are in the image itself. We used our 5 step analysis process to locate this trade, 1. Locate a pattern, in this case a contraction of price which indicates that selling might occur. 2. We then located the general trend, its bullish and usually before major events a basic strategy we employ is buy the rumor sell the...

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After profiting on the selling of the DAX we went in again as explained with the RED marker on the chart. This time targetting 161% which lines up with a key DC trading level!

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The DAX is currently breaking out of a selling continuation pattern and we expect that price could push all the way down to 161% of the current price action high/low (TP2 in chart) We are short on this and 2 more setup. Alerts will be released on them soon.

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We just shorted GBPUSD as there are pretty good indications to sell. Details below. Rhe RR is decent here and GBPUSD could be gearing for a bearish push. On the RSI front, the 4H and the 1H figures indicate good selling chances. But we dont really care about RSI, until its at a KEY DC LEVEL (as is now) Price action is at a key DC level, with only one more major...

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We took a short position here. A video will be released with the details of why we are selling and what our "game" plan here is. Generally we see a continuation of bearish pressure.