TheForexWolf

TheForexWolf

I'm currently biased short on this as last week formed a doji and getting to price that is higher where buyers are losing strength and sellers are gaining control. A break above to the top of the triangle will look for some good short opportunities. On the 4HR TF, a Nice "M" pattern starting to form for reversal. Aggressive entry is short now, passive entry is...

TheForexWolf

North Korea back in the news again with another missile test. This brings up large concern for the USDJPY pair. I'm looking for another retest of the resistance zone then a good pull back on retracement to the .50-.786 fibs level.

TheForexWolf

NZDUSD is failing to make higher highs even with the recent rate decision. It has approached the daily down trend line and looking for sellers to take control.

TheForexWolf Updated 

Price is now approaching the .86 key level and that was formerly resistance is now support. Further more it is approaching the up trendline. If it breaks the trendline, look for a retest of the support zone now turned resistance before entering long. Wait for confirmation before entering.

TheForexWolf

AUDUSD came back to test a key level and price action showed that the upward channel is holding. Be careful as it has risk with FOMC minutes to be released today. However, if FOMC shows dovish, more than likely can get a big explosion however, FOMC is expected to have a hawkish tone despite poor economic results from the US.

TheForexWolf

Although investors are moving their money away from the safe haven as it is losing ground, I believe it is just stalling. The Yen is performing well against most currencies still. As for the Aussie lets not forget how bad the ore's have been getting hammered in China. I'm still biased short on Aussie even though the price of ore falling has calmed down and the...

TheForexWolf

Buy the breakout of the horizontal line and with a double bottom and higher low looking good for strong hold for a long position. Careful of the downside due to political risk in the states.

TheForexWolf

EURGBP is struggling to break the .86000 level and continues to have strong rejection at .8614 level. Looking for a strong break of the trendline and then possible retest of the zone and then enter on a sell signal.

TheForexWolf Updated 

The bulls have finally come to exhaustion and the bears have taken over as evidenced by the broken trendline and when looking at the weekly chart we have formed a nice pin bar for reversal. I'm looking for a spike back up to the 147 level and then look for a sell signal around the new trend line. A break above the down trend line means we were just in a...

TheForexWolf

USDJPY Short Idea