So, as you can see with USDCHF we were waiting for price to reach our trendline before taking a long. Price came within around 8-9 pips from the perfect entry so we sent this trade out to our clients and in fact, we ended up with the perfect entry as price hasn't looked back just yet. We may still see a reversal to test the TL again but it is highly doubtful now...
So in my last paring I went on to say how the wall will break. Now as this is a 3rd touch coming up this CAN be used as a strong signal to buy off it. The trend is strong and has pushed up over 200 pips before it's reversal. Now it is approaching this 3rd touch we will use this in our favour and go long as we expect this to bounce off here. We can see this go up...
Exactly as the title suggests. Now a lot of 'traders' and people who want your money to sign up with their broker so they earn money off sending you some rubbish. You may earn some profits off their signals but ultimately they make money when you lose money so just think about that before signing up to someone. Now back to my title. A lot of traders will tell...
The way things are going it feels like we are going through a very slow dragged out death how we are all made to stay inside. Last time I was inside for this long I was just a twinkle in my Dad's eye! Something else that is long is GBPUSD. We are anticipating a breakout of this bullish Trendline here. We have already broke it slightly so we should see a slight...
Just like CADJPY there's 2 things I can do today. Go for a walk and try and get some fresh air without being interrogated by the police as to why I'm out, or I can stay in and go insane. Which do you think? So, onto more pressing matters CADJPY. The pair is in a bullish uptrend at the moment, coming up to a nice level of confluence. We could see this reject here...
It's bad enough needing to sit in all day listening to the mrs whilst on lockdown never mind needing to watch a computer all day trading on lower timeframes than the 4hr. Or is this just your get away? ;) Do you need help with your charts or trading? drop me a message lets see if I can help. EURUSD you can see from my last entry on this pair I expected it to...
As you can see EURUSD has been very bearish for a while now. We can see a rejection off our support level but we can expect price to carry on pushing down. Should price carry on down then we should see a nice retest not only off the support (resistance) level but also back off our trendline meaning we will get into a nice short position. We are still taking on...
Well, Why do we tell actors to “break a leg?” Answer is, every play has a cast... Can you tell this lockdown is making me now tell Dad jokes?! Anyway, GJ just like a play, is playing down to retest the bearish TL that the pair has been respecting for some time. When we hit this TL we will be looking to go long but at the moment stay away from this pair for the...
This pair is opening in to a lovely setup. Coming to a strong support level which we will short back to the TL and then we will be in a bullish position for it. We are still taking on clients within our ever growing group. Please feel free to drop me a message if you need any help with your charts or trading especially if you are not being profitable. On a...
AUDCAD just like my favourite band. Bullish trend reaching for the stars here. Lovely trend line with added confluence. Wait for the pair to pull back a little bit more and then long for your hearts desire.
No funny remarks on this one just pure analysis. EURUSD. Has been playing off this bullish trendline quite nice. We have now reached a string support but hoping it breaks this level to come back to the trednline before we enter a further long position. DXY has opened looking quite strong which should give us the boost to break this level. Then fingers crossed DXY...
Imagine if we could all predict what was happening in life. We certainly wouldn't see ourselves all locked down in our own homes 24/7 for the foreseeable. This morning I treated myself to a standard bowl of Coco pops and a red bull to try and wake me up and get out of this horrible routine I'm finding myself in. Almost forgot to get changed this morning but that's...
Why get high on drugs when you can trade forex and get high on pips ;) GBPJPY the £ has been growing and growing for a couple of weeks now after going low on a few pairs. GJ is a good example, came quite low and now has turned bullish. We are currently approaching a support zone where we can see price be rejected and pull back again. Personally bias on the long...
Just like the current Lockdown in the UK we have no idea where price is going to take us. UJ is at a current place where we can go one of two ways. We have broke the bullish trend line and now hitting a key support level. We can see this either reject and push price back up or it can push down passed this and retest this level. We could look to go long on the...
Also great for traders as we are used to sitting in at all hours watching the day go by waiting for that breakout to happen but hey. Now, this pair has been playing nicely and broken out of its bearish state. We can now see this bullish trend has started and at the moment respecting quite nice. This is on the 4hr chart but also can be seen on the Daily. Close...
I'm personally not a fan of trading on 'breakouts' and smaller time frames however this is playing out nicely. This pair has been in a bullish trend since the start of the year and has reached a key level of support. Looking into the smaller time frames you can see that this has now broke out of this pattern and believe the bears will take over and push this pair...
As simple as the chart suggests really. Price should continue bearish for a little bit longer and we should then see the bulls take over on the daily trend line.
USDCAD has played out nicely and has retested a bullish weekly trend line. We should see this pair see some bear movement over the coming days.