TradersClassroom

TradersClassroom

This pair seems to be putting in a bear flag (messed up title) before continuing downward. I will wait for confirmation. More analysis here: youtu.be

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Playing this as a breakout strategy. Will put entries above and below this recent range. Whichever way it decides to go we will be in the trade. Check out more analysis here: youtu.be

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This pair is at its highest point in 30 years. Currently sitting at 96 on the RSI. The RSI only goes to 100 people :). Im very bullish on the USD but eventually bulls will stop to take a breath. Could we be at that point? I talk about this and more in this weeks Weekend Preview. Check it out here: youtu.be

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This pair is coming down into the floor of a shelf put in at the beginning of this year. This looks like a very good area to play for a bounce. OR....... you could wait for a breakout lower. I personally think the shelf has to provide some support and the Euro has to show some life sooner or later. I talk about this and more in this weeks Weekend Preview. Check it...

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The AUDUSD is currently at a decision point. It has to decide whether to pull back a little or continue its tirade downward. I personally think it should pull back a little before pushing down further. I will look for price action to shape my bias further. We talk about this and more in this weeks Weekend Preview. See it here: youtu.be

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This pair is looking to put in a triple bottom. Euro has been so weak the last couple of months that its due to comeback a touch. ECB will obviously have a lot of effect on this. Get your big boy pants on the next couple of days. Could see spikes in either direction on a lot of pairs. I talk about this pair and more in this weeks Mid-Week Update. See it here: youtu.be

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This pair recently hit the .382 from the overall downtrend and continued to head downward. I think we are heading atleast to the 1.61 level and will look for a break of the recent low to confirm the downtrend is ready to resume in full force. We talk about this and more in this weeks Weekend Preview. Check it out here: youtu.be

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Well this pair has been nothing but a money maker (as long as you were long). We alerted you back on July 29 that we were heading towards the 110 level (attached). We had a bullish engulfing candle put in on Friday. Looks like we are ready to hit that 110 level this week. Look at the 110 level for a good chance to get a counter trend trade. Good Luck! We talk...

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This pair has had a nice push up but lately has pulled back. We are currently resting on the .50 level with a spinning top but I'm looking the .618 level which comes in at the top of a former range area. This could be a nice place to get long. We talk about this and more in this weeks Weekend Preview. Check it out here: youtu.be

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Possible double bottom here with bullish divergence. We will see how this plays out. Might get long here. Good Luck!

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This engine is revving up. I think this thing has to continue northward. I alerted a good rebound area on Sunday and we went all the way down to area and have bounce up. Currently ahead about 40 pips but you still have time to get in here. First target is 142. Second Target is 145. Good Luck! We talk about this in this weeks Mid-Week Update here: youtu.be

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The pair currently has three patterns setup on it. We have hit the entry for both the Butterfly and Cypher but the one I'm eyeing is the Bat. Trade at your own risk. This pair has been tough to slow down lately. I talk about this and more in this weeks Mid-Week Update: youtu.be Bat = Black Cypher = Red Butterfly = Blue

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The Kiwi has been taken to the woodshed since March. Currently in a downtrend with a much steeper downtrend since July. This steep downtrends are much tougher to hold. Additionally, the 1.618 extension from the initial move is close. Could we see a pullback here? I'll be waiting for price action to tell me the story. Good Luck!

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This pair put in a head and shoulders pattern and seemed to break the neck line to complete the pattern. However, it reversed back up right after the candle that broke the neck line. Head and shoulders patterns are reversal patterns and this pair did not seem ready to reverse. I will look for a small pull back before getting long again. I discuss this trade and...

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AS a technical trader I have to trade what I see and I see that this pair has broken a pretty nice resistance line and is retracing back to it. This line has many areas of former support and resistance not to mention it gives a pretty good risk reward. I will be looking to long this pair on the open as long as it does not do some crazy gap. If it breaks the line...

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I am certainly not the first person to point out the break of the wedge here. However, I thought I'd give you my spin on things. We put in a pretty nice bearish candle on Friday which will make the open today pretty interesting. I'm looking for a long entry at the retest of the broken wedge. Will be looking for it to get up to the 145 handle. I talk about this and...

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This pair is right in an area of former support and resistance. This could be a good area to get long with a nice risk reward. As long as you manage your trades, you can be wrong more than you are right and still make money...... Hard to believe I know. I will watch price action on this pair and look at getting long. I discuss this trade and more in this weeks...

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USDCAD was cruising along nicely until Poloz opened his mouth and had to say good things about Canada. I'm completely kidding of course. A new strategy is needed heading forward since we broke and closed below a support level. I can't become long term bearish until we break some more levels so I will be looking for areas to reenter long. FOMC statement coming up...