Synapse

Synapse

Greetings Fellow Traders, Structural update for GBPCAD shows 2 very important characteristics that occurred within the last 2 days of trading. First and foremost the Parallel Channel that was identified caused a market reaction and then was confirmed broken. Furthermore...the key technical level that has been suppressing the GBPCAD from any bullish advancement...

Synapse

Greetings Fellow Traders, Price Action, Support and Resistance are a very critical part of trading and always aid in the removal of emotions from any trading scenario. I've posted a couple of analyses recently regarding this pair, and one of them turned out to be an opportunity that would have been a loss. It's just as important to know when to exit your trade...

Synapse

Greetings Fellow Traders, As I'm sure many of you are wondering what my view is on the EURUSD pair I figured it would be a good time over the weekend to show you what I'm currently looking at and considering. Unfortunately, you may be disappointed. Obviously we did a great job anticipating the rise on the EURUSD pair in the 1.05 to 1.06 region, however.....we did...

Synapse

Greetings Fellow Traders, After the dramatic move up on nearly all Euro related pairs we're left wondering the big question of....where to next? EURJPY may be assisting us with providing that answer over the near term on the daily chart. Posted below is a snapshot of the weekly trend line support that has been serving the EURJPY quite well for over a year, notice...

Synapse Updated 

Greetings Fellow Traders, I posted just a few days ago about a key technical level on GBPAUD for a short opportunity that could lead to a Head and Shoulders Pattern confirmation. At the end of Tuesday's trading candle the market confirmed the break by closing well over 100 pips below the neck line. As with all very significant breaks of support and resistance we...

Synapse

Greetings Fellow Traders, I posted a few days ago about this potential set up and expectations for it. We've managed to close below the trend line by a pretty significant margin on the daily candle. This is the red flag of trading for a trade opportunity. We need to wait for the market to come back and retest the support that was broken as a new found...

Synapse

Greetings Fellow Traders, Following up on a recent EURUSD analysis, the market unfortunately at his time did not provide us with a support entry or retest of yearly lows....however it DID confirm the break of the Descending Wedge on the daily chart. I will be looking to enter a long position on a retest of this significant level. Please keep in mind that the...

Synapse

Greetings Fellow Traders, For several weeks now I've had limited sight on anything that looked favorable for GBPUSD. Sells were recommended after a triple top formation at 1.55 (we were awaiting a buy confirmation on the daily close) and then several days later a confirmed break occurred with a retest...but it too fizzled out. For the most part I've stayed away...

Synapse

Greetings Fellow Traders, I wanted to bring an excellent trade opportunity that can be entered actually immediately or you can wait for even further confirmation for a follow up pattern. GBPAUD has been in a Bullish Trend since September of 2014, during this time the trend was only seriously put in jeopardy once, however a close below the trend line was...

Synapse

Greetings Fellow Traders, Several days ago I posted about a potential long opportunity regarding the GBPCAD pair, you can see the link below, however the key to that trade relied on a daily close above the key technical level of 2.03300...a confirmation we never received. If you trade lower time frames there were clear opportunities to short this pair down to a...

Synapse

Greetings Fellow Traders, If you've been following me for some time you know that my view on the EURUSD has remained bearish since we formed and broke the Super Trend Triangle. As we approach the weekly open for the last week of November and first week of December we have some interesting price action that is giving us a very strong reason to actually go LONG or...

Synapse

Greetings Fellow Traders, I just wanted to take this time to illustrate a little more about watching the trade set ups that I favor as they are occurring in action. Although this is labeled as a GBPNZD update - I encourage you to look at AUD and NZD Pairs to see the same if not very similar formations. Market structure is always very important, but it is...

Synapse

Greetings Fellow Traders, I posted recently about USDJPY and a Sell Opportunity off a HUGE former channel support as a new resistance level. I closed my trade out early with approximately 60 pips of profit (market provided the opportunity to get up to 70 additional pips after that decision) due to price action but stated I would look to re-enter at similar levels...

Synapse

Greetings Fellow Traders, As Traders it is our responsibility to understand what the Market's current intentions are to give us the best possible chance of success on our trade decisions. The market is constantly evolving and changing it's course of action and it's important that we stay flexible and adapt to any of those changes that occur. ***While it is...

Synapse

Greetings Fellow Traders Looking ahead to next week's open I wanted to draw some additional attention to obvious NZD pairs that are already on my radar. Similar to the EURNZD set up posted mid week, we have additional opportunities forming. GBPNZD has not only closed below a daily channel confirming a key technical break, but it also has a very strong weekly...

Synapse

Greetings Fellow Traders, Just wanted to provided another great trade opportunity on the verge of giving us a great entry. EURNZD has been consolidating for several weeks now...that consolidation has taken shape in a nice channel...in the middle of a steep decline. Structurally this has a Bearish Flag written all over it. Weekly Candle approaching the...

Synapse

Greetings Fellow Traders This is nearly the same chart as the previous NZDUSD analysis I posted, I've removed some of the elements and added some with commentary on recent price action. Key resistance level has been broken, the chart speaks for itself if you have any questions regarding the price action/entry feel free to ask! Pending Buy Limit .6510 or...

Synapse

Greetings Fellow Traders, Several weeks ago I posted about a Triangle Breakout on the GBPCAD outlining ideally what we were looking for to happen over the next several days. The market is an ever evolving beast and we as traders need to be aware of all possibilities and stay flexible. I'm providing this update on the GBPCAD trade hopefully to help people...