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Greetings Traders, Price action for GBPJPY has a strong indication that a sell is about to be underway to finish the week and lead off into next week. At the end of last week price had a false breakout of the channel in blue, this daily pin bar comes not only at a key level, but shows a partial decline within the channel. There is always the potential for the...

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Greetings Traders! This week started off relatively quiet, not a whole lot of movement but we as traders know that kind of lull never lasts. Thursday's trading session picked up in volume and price action and once again we are beginning to see new price action. This is a very quick trade down to the 1 hour or 4 hour chart on NZDUSD, .6500 if you haven't seen it...

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Greetings Everyone, Looking at the price action and recent daily trade action for USDJPY it appears we may have a much stronger reason for a Short opportunity. Since mid-october USDJPY is on the verge of completing what appears to be a very steep ABCD Structure, the completion of this pattern lines up with the remaining S/R Channel that this pair was trading in...

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Greetings Traders - There really has not been much to analyze this week because the market has barely moved since it opened. It's at these times, that I like to just remain patient, if any current trades are open, continue to let them mature/develop. It's especially important to not enter trades unless you have a very good reason to do so. I posted several days...

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Greetings Fellow Traders, Brief Overview (Check Below for detailed individual charts for educational reasons): I want to take a moment to organize my thoughts for you revolving around a pair I had a great trade off of a Head and Shoulders pattern a couple of weeks ago. It's important to understand the big picture as much as possible so you can make the most...

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Greetings Traders, In correlation with our anticipated USDCAD move...I've spotted a descending wedge on EURCAD that is trade-able. Due to the nature of the peaks however, to avoid any false breakouts I've set the following trade: Pending Buy Stop 1.43550 - Or Manual Entry Along SUPPORT Stop Limit 1.4250 Target Profit 1.4640 Straight forward trade, as I...

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Greetings Fellow Traders, Hopefully you've taken a look at my Super Trend analysis for EURUSD that remains current on the weekly scale, I followed up recently with a Drill Down to see how we've progressed. This chart is to show some current market movements that could give you reason to go long/short in the very near future for short to medium term...

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Greetings, Fairly simple trade Descending Wedge - These patterns typically break out counter to the trend that preceded them, with their measured objective at the first peak that started the trading pattern. Entry Point at Market - .7141 Target Profit - .7240 Stop Loss - .7090 Please do your own analysis before entering a trade, and feel free to comment,...

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Greetings Fellow Traders - I've been getting many questions about where EURUSD is headed, when its going and how its going to get there. The answer is as complicated as you want it to be. There is quite a bit of waiting and patience involved in trading the currency markets, the post I made regarding EURUSD was in reference to what I called a Super Trend, a weekly...

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Greetings Fellow Traders, It's been mostly a quiet week, however as is common with forex, you simply just need to wait for the right set up to occur. I've mostly avoided trading the GBPUSD pair over the last month due to there just not being developed opportunities. Brief History for this trade: A couple of weeks ago the only analysis I had for Cable (GBPUSD...

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Greetings! Although the most ideal entry was just missed (right around 2.0008) because of the magnitude of this trade, it is still not too late to enter. This trade has been forming since August of 2015. Just this week we had our first daily candle break the top side of the triangle and close well outside of it. As someone who pays close attention to...

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AUDUSD has had a key technical break on the 1 hour chart. This trade has visibility on 4 Hour and Daily Time frames as well. I've gone ahead and labeled some events in alphabetical order, I'll walk you through a trade opportunity that happened during yesterday's trading and segue it right into the new opportunity we have before us. A. 1 Hour Trend line Support,...

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USDCAD has provided several excellent trading opportunities over the last couple of weeks. It continues to do so for us as we have recently this week completed drawing a head and shoulders pattern. These patterns are typically a sign of a reversal, in order for me to trade them I must see them completed in not only a timely fashion, but also visually and...

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To some traders the enormous plummeting of pips that occurred on the EURUSD this week came as a huge shock. Raising awareness about what the market's intentions are may be the best way to monitor your own trades. You weren't paying attention to candlestick closes, or maybe missed the chance to short from the top. How do you take advantage of whats to come? A...

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USDCHF saw a breach of a key resistance level during Monday's trading hours that gives rise to another trading opportunity. Base picture above shows the Daily chart and a closed candle outside of a wedge formation. 2 Ways to trade - Depending on your own personal style of trading there are 2 recommended ways to approach this set up. Pending Buy Stop: .9840 ...

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Market has consolidated a little bit giving us obvious support and resistance to pay attention to. First attempt to break the 3-touch trendline it was massively rejected, I am expecting another short term rejection possibly to the bottom support shown. This trade also lines up with the descending wedge spotted on the EURNZD, a temporary short term...

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Entry at Market 1.63605 1st Target 1.6473 2nd Target 1.6650 Stop Loss 1.6300 Descending Wedge Trade Please do your own analysis before entering any trade. Typically Descending Wedges will reach the high that started the wedge, but sometimes they go higher. 2nd target is previous support before major break yesterday.