A long position Aud/Usd offers an excellent RR-ratio at this time The pair is close to support of previous lows around 0.725 and a turnaround or continuation of the current bullish scenario could target previous highs above 0.7430 The pair has held just above 76.4% Fibonacci retracement level of the previous move up and this is not an uncommon level for this...
Natural gas is trading sideways within 1st standard deviation on quarterly basis (in relation to 66-day mean) since May 2015. This creates good trading opportunities for those who know how to deal with the lateral chop in the markets. Within compressing volatility (measure by 3.2 st deviations from the same mean), traders can pick longs and shorts toward the...
EURUSD has been trading laterally since mid-Arpil 2015, with price staying within the 1st standard deviation from its quarterly (66-day) moving average. Currently there is apparent risk of breakdown: the price fell to the lower 1st standard deviation from the quarterly from within amid expanding volatility, measured by 3.2 st deviations from the same mean. If...
Confluences: 1/ Trend 2/ Pin bar ( undecision - continuation? ) 3/ 0.74 level used as resistance 4/ Fundamentally very weak AUD against the strong USD
$GBPUSD has been trading sideways since its break to the high for the last couple of days, will this be where the Bears step in? I think its safe to say that a breakout to either the top or bottom of this channel could determine if we should go long or short, Shorter's can look for an entry around 1.5660 for a smooth sail down & Buyers can look to go long @...
I wanted to share this trade idea because its a great example of how to manage your trades once the market moves in your favor. Notice that since I got in a big hurry to get in this trade, my entry, while decent, could have been much better. If I had just waited a few more days with a nice limit order sitting on the red sliding parallel, then I would have had...