Looking to enter on the short-side but remaining on the sidelines for stronger confirmations.
Hello Everyone, Currently waiting for further confirmations with GBPAUD that we're approaching a bottom in the short-term as we approach a critical level of support alongside the divergence with PA & RSI
Hello Everyone, Just waiting for a break below the mid channel pivot to consider executing a short sell position with a pending sell stop. Cheers!
Hello Traders. This is just a followup video for 2 of the trade plans that I posted previously. RISK DISCLAIMER: Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
Will the US Dollar continue to remain under pressure with all eyes on next week's FED Meeting?
Hey Traders, Just getting everyone's second opinion on this setup before I go ahead and pull the trigger. Thanks in advance. Cheers!
Hello Traders, In the last video I mentioned I was monitoring GBPCHF and entered a short trade with a tight stop loss. Unfortunately that trade didn't work out but now I'm looking for another possible reentry position towards the downside again. We are getting some nice divergence with RSI and PA signaling there might be some downside potential in the hours...
Hello Everyone, Pound has strengthened across the board and we're waiting for confirmation that Stirling is losing ground to execute an opposing position. One of the pairs that presents itself with a decent low risk + high return setup is with GBPCHF. To Subscribe to our SIGNAL GROUP, visit Copy.forex RISK DISCLAIMER: Information and opinions contained with...
Hello Everyone, Currently monitoring several pound pairs across the board as we're nothing the bullish strength is starting to ease. In this video I mention 3 pairs that we're closely watching as we plan to enter against Stirling amongst several of it's rivals such as GBPUSD, EURGBP and GBPAUD. Regards, Michael Harding
Here's an interesting stock index comparison. Notable NASDAQ is the out-performer amongst this group of indices. On Friday the NASDAQ printed it's all time record highs closing the day at 10,836. Last week this index smashed through the 10,000 handle completely disregarding it for any level of psychological resistance. Meanwhile the COVID19 reported another...
Hello Traders, Here's a brief technical outlook for bitcoin with some concerning/correlating pairs that help me establish my bearish bias for next week and possibly a few weeks ahead. I believe there is some downside risk at this point that shouldn't be overlooked before we break higher. A potential drop is more warranted in my opinion at this point. If anyone...
Hello Traders, A few days ago I posted a trade plan for buying USD/CHF once price action broke and held above with the candle body to consider a possible long position. For those of you that maintained your patience, good job - the trade finally developed and yielded a decent return for our discipline. RISK DISCLAIMER: Information and opinions contained with...
Good Morning Everyone, Here is your Morning Market Brief for Thursday July 9th. Trade Safe - Trade Well ~Michael Harding
Hello Traders, Another decent setup for USDCHF. Limited target of only 20 pips but seems likely at this point. This is the currency market so conditions could change unexpectedly. Before making any trading decision, understand the risks involved. Trade Safe - Trade Well Cheers!
Hello Traders, Quick update regarding Cable (GBPUSD). This pair is now approaching 1.26 critical resistance zone. A decent shorting opportunity might present itself. Personally I would keep a close eye on this pair especially since Gold is reaching the highest level since 2012. Cheers!
Hello Traders, Welcome to another daily market brief brought to you by LEFTURN. Here are some key takeaways for today's video Yesterday the European Commission provided a downbeat assessment of the EU economy stating that the recovery may be faltered as a surge of the new COVID infections prompt states to delay and in some cases reverse plans to let stores...
Hello Traders, Here's a brief market recap of what happened throughout the NY trading session in the currency market. Hard to tell at this point what to really expect for later this week but I mention several scenarios in this video to prepare yourselves for some possible movements. ~Michael Harding
Hello Traders, Happy Independence Day. Just a quick recap and review of where EURUSD will most likely trend to in the trading sessions ahead.