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EURUSD made a strong rise in week 5, it raised from Monday to Wednesday, and only to die down on Thursday after seeing a reversal pattern on the M15 chart and follow by a second confirmation on Friday during the NFP which completes the reversal pattern on the H1 chart. EURUSD completed its three levels of rise and ended week 6 with a complete bullish level 3...

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GBPUSD has finally made a reversal pattern as we see on the H1 chart. It seems like the price has overextended for a while and finally, we see some hint that it would be moving down for the near future. In week 4, GBPUSD has made a small consolidation followed by a final push upwards which lead to the reversal price pattern. It then quickly break below reversal...

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GBPUSD moves as expected to week 3's analysis. The pair rise for the whole of week 4 and long traders get rewarded massively with the 200 over pips movement. The whole week should see no surprise for long traders and our analysis has been pointing towards to long movement for week 4. GBPUSD is expected to consolidate for a while in week 5, and bull to regain the...

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In week 3, we expected the bear to tapered down and bull to regain a foothold for week 4. However, EURUSD makes another push below the level 3 bearish zone and reached a level 4 bearish zone in week 4. While that was unexpected, since we are looking at a reversal at level 3, such move does happen. EURUSD only went back to our outlook during Friday of week 4. A...

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USDJPY sees quite a boring week, consolidating for the whole week with a strong bear move on Friday. The move on friday completed the reversal double top pattern, it can also be seen as a triple top if you like to. It shows the exhaustion of the bullish move, which we expected in week 4. For anyone who long USDJPY, profit should be firm. With week 4's movement,...

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USDCHF made a long consolidation in week 4, pushing up another zone to bullish level 4. At level 4, we see a reversal double top pattern and finally, after a long wait, it started its bearish move and successfully moved to bearish level 1 zone in week 4, on Friday, before the market closes. I have been anticipating the short move and even entered short position...

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USDCHF made a fake move in week 3, showing a double top look alike price pattern in the first half of the week. I personally entered long for this pair, which I profited from the move. It went on to push higher persistently, all the way to 3 identified bullish zone. It ended off the week with a seemingly double top. It's almost 75% complete, we just need the...

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GBPUSD, an interesting pair which exhibited a situation I known as a trend reset. In week 3, our analysis showed that GBPUSD would be heading for a drop, which it did, for the first half of the week. I was holding on to my short and eventually, the dip earned me about 14% increase on my overall equity. The unexpected bullish move came after the dip, it went all...

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EURUSD made a good drop in the whole week of week 3. Congrats to all traders who shorted this pair, its a good trade with very little consolidation in between and the movement is kind of expected as well. For week 3, I did not participate in the movement, even though our analysis in week 2 favored shorting for week 3. Looking at our week 3 analysis, it seems...

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No surprises here on USDJPY's week 3 movement. It has gone up steadily, almost on a predictable basis, which is the kind of trade professional traders are looking for. The name of these kinds of trades might be known as boring, but it is the best, as it gives traders what they are looking for - Profit. USDJPY successfully broke the previous high in week 3, I am...

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After the massive drop in week 1, USDJPY confined itself in a ranging state. In week 1, the analysis points towards a bullish trend, however, it was for USDJPY to make a second leg to the low, forming a complete reversal pattern and to rise after. However, what we have seen in week 2 is quite different. The pair did not move down as expected, in fact, it is moving...

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GBPUSD's week 2 movement largely confined itself in a range until Friday, when it rises about 120 pips and ended the week with a bearish candlestick combination, which I took the opportunity to enter a short. I did not change the label of the chart because I wanted to remind myself of this incident where the price went up above the supposedly reversal level and...

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EURUSD went ahead to create a bullish level 3 in week 2, which I did not expect it. In week 1, the analysis was for EURUSD to drop after a reversal formation was formed at the bullish level 2 zone. Looking back at the analysis, the price pattern convinced me that level 2 will be the one reversing rather than level 3. That's why I did not change the marking of the...

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USDCHF week 2's move ended near the opening of the week. Both long and short traders would have suffered losses somewhere along if they held on to multi-day positions. The winner would certainly be the day traders. I was shorting the USDCHF on Monday and exited sometime late Monday or early Tuesday. The analysis of USDCHF was for it to rise in the longer term, but...

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USDCHF did not move as much as the others, not as spectacular, but, its a safe pair to trade. In week 1, it broke its level 3 and successfully went into bullish level 1. Its a profitable pair, it did not move as much as EURUSD and GBPUSD, but it is going to make your account stay positive. Week 1, 2019, sees the successful completion of a W reversal pattern,...

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GBPUSD, one of my frequently traded pair. It moved in line with our analysis for week 1, 2019. The pair made a last push upwards, breaking the high of the M formation which we identified in week 52, 2018. It then made a quick turn around and went down straight for hundreds of pips. If you have shorted this pair with EURUSD, you would be very profitable for week 1,...

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EURUSD surprised with its extended push beyond the first identified high of the M shape, forming a new high on week 1, 2019 before it headed down for about 200 pips. That move made me reconsider my position and exit my holdings of EURUSD. Not too sure if it also made you doubted your outlook, but it sure made me doubted mine. With that push upwards, I did not...

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USDJPY made a big move during the opening of 2019. I was long and was caught by the massive drop it made during its week 1. This would be an episode which exposed the weakness of my trading strategy which I am going to reinforce in future. Week 1 is a loss for me, with my overall equity fell by about 5%. That's ok, at least I stayed out of USDJPY before the...