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Author Archives: swanfxgroup
Recently in our previous market commentary on this pair, we pointed out the the classic pin bar setup sported at the major resistance on the daily chart payed off quite well. We also mentioned that the pair was sitting on … Continue reading
The USDCAD at the close of the New york session formed a bullish pin bar off 21 and 8 ema dynamic support level. considering the recent bullish momentum by the pair, this could be a pointer that we may possible … Continue reading
Last week we had a classic pin bar setup for a sell of a horizontal resistance level on the daily chart. we however saw a 50% retracement on the pin bar before we finally saw a total collapse of price. … Continue reading
The above is a sell trade on AUDJPY. In our member area we discussed the minor fakey setup on the pair. we pointed out that the fakey setup could be an indication that the bulls are wearing out. today how … Continue reading
EURUSD finally showed some signs of slowing down and possibly reversing with a very clear Pin bar forming at the close of trading today. This is a classic counter trend trade signal and could fetch about 160pips.
The GBPCHF formed a fakey setup with a doji on a horizontal support level. This could see the pair push up to the dynamic resistance level of 1.4908 where we watch out for a possible price action setup to sell. … Continue reading
AUDUSD trades within resistance Zone however, at the close of trading today, a fakey was spotted as price failed to close below the inside bar trade setup at the resistance zone. Following this setup, price could shoot further higher into … Continue reading
This trade is a simple demonstration of trading with discipline and patience on the daily chart.
The USDCAD has been on a bearish trend for over three weeks and counting. today’s bearish rejection candle off a significant confluence level on the daily chart could be a pointer that we may see more bears to follows in … Continue reading