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Category Archives: Forex Blog
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
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
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
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.