As we see a trend-line rejection I saw a good -LONG- opportunity. I did enter with half of my average lot size as I want to wait to see if price can close -ABOVE- our Major Trend-Line. If we do see that at the close of the 4H I will be adding another position and riding with 2 active positions for this pair. We just have to wait and see.
How this is a...
GBP/USD - Short-Term-Trade - Market Update
We've been seeing price be in a STRONG -Bullish- trend. Overall I can see price reaching our -27.20% Fibonacci area (About 75 PIPS away). However; I don't see my self placing any entries as of right now. What are my recommendations?
If you are in a -BUY- I recommend you still hold this pair as we are still...
Are we finally going to have gold dropping? I've been anticipating a drop for gold since last week. However; we haven't had any major confirmation. Regarding this Medium-Term-Trade we may have a down-side coming to us this week. Now the gold market has just opened 45 minutes ago. So a LOT can happen until our daily candle closes.
If by when this daily candle...
Could we see a possible down-side for USD/JPY? Previously we have seen that price went into a small bullish trend. As you can see it didn't go too far; as it rejected our Major Trend-Line. That area was a extreme critical area as it aligned with a Major 38.6% Fibo area.
What do I need for a entry? If we manage to see price closing -BELOW- our Minor Trend-Line I...
CAD/JPY (Pre-Week Analysis): Last week we decided to NOT trade this pair until the start of next week (tomorrow). Now that I've been seeing more or less a more solid trend. I can give out more updates of this pair (If it doesn't go back into a strong consolidation zone). Our minor trend-line; seems to be working much more smoother which is something I like to see....
Hi traders,
NZDCAD looks like a great long opportunity. Keep an eye on this one during the week for the right time to buy in accordance with your trading rules.
With price still in the range, it's wise to consider your options: You can buy aggressively in structure in hopes of a breakout to the upside and a new impulse leg. Alternatively, you can watch for a...
Forex Pips Club GBP/USD SHORT update- As you can see our analysis was right , Cable did Drop lower to our second Profit Target. Although our First stop was run by MM who always use news to carry out their agendas.
