My USDJPY trade idea has been in the making for the past 5 trading days, over a week now! Its important though that as a trader you are willing to wait for the right criteria to be met, and to only enter the market on your terms... not the markets. So this is a matter of stalking the market and reaping the rewards later. Ever since the JPY liquidity crash on...
Oil is one of the best markets to trade because the market moves are always so clean. Not to mention commodity trading is for most people a little easier to picture in their minds, thinking about the market price of an object opposed to a fugazi of forex cross currency exchange prices for instance. Looking at the market structure of Oil, it typically moves from...
Chart analysis for GBP/USD key levels prior to the 12/03/19. These levels should be used as Support & Resistance levels in relation to the reaction. Update will follow the vote later.
OANDA:USDCAD This pair has consistently printed inverted head and shoulders patterns on the daily trend line (3 so far). The latest has started to form and in addition printed a bullish pin bar just before the US long weekend. Looking over the indicators for confluence on the trade idea, the Slow Stoch is printing a bullish crossover on the Weekly chart....
OANDA:XAUUSD If the hourly trend line is broken to the downside, then there will be a short opportunity Weekly RSI overbought Key resistance that has held since July 2014 @ 1350 Possible there will be an exhaustion push to around 1340-1350 off the trend line. TP 1 - 1320 TP2 - 1315 However, a break of 1400 will mean an upside target of 1550