Category Archives: Forex Blog

MARKET COMMENTARY GBPUSD DEC 2012

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

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AUDJPY SELL TRADE 200PIPS TARGET

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

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EurUsd Pinbar Trade setup (+160pips potential) Dec, 19, 2012

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.

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Fakey Setup GBPCHF Potential +80pips trade 20th Dec 2012

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

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Fakey Setup AUDUSD Daily Chart 19th Dec. 2012

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

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TRADE UPDATE GBPJPY +300PIPS

  This  trade is a simple demonstration of trading with discipline and patience  on the daily chart.  

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USDCAD hit a confluence level on the daily chart. More bears to come? 18th Dec 2012

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

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fakey Setup On GOLD SPOT 18th Dec 2012

The precious metal  formed a fakey setup on an obvious horizontal support level on the daily chart. if price is contained above this support level as illustrated above, we may as well it move towards the resistance level of 1722 … Continue reading

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Pin bar Off Dynamic Support EURCAD Dec 14th 2012

The EURCAD on the daily chart, formed a pin bar off  the 21 and the 8 day emas which could see the pair maintain its recent bullish recovery. if price keeps up with the bullish drive, we may possible see … Continue reading

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Fakey Setup On Gold Spot 13th Nov 2012

Gold spot formed a false break setup on the daily chart today. if price is contained below  the resistance level, we may possibly see a decline towards the support level illustrated above.

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