This pair is currently in an ascending triangle and it looks as if it is heading to the top near 95.00. If the pair breaks out of the top of this daily triangle we could see the price of 97.50 hit. If the price breaks out of the bottom of the triangle we could see the price of 91.00. Read more »
EURGBP: Let’s Do It Again
EURGBP has been good to us. We got pips on last week's downdraft. We got pips (62 for me) on last night's downdraft. We got pips this morning on Michael Storm's long call in the NY Session Trading Room. So we're going to try it again. Read more »
Trade Idea: Gbp/Usd
I think that this pair will hit 1.5500 again. Check the picture it is self explanatory. This is a free signal from winners edge trading. Read more »
Trade Idea Eur/Gbp
EURGBP was in quite a downtrend last week and I rode it down short, taking profits along the way. It has now retraced 50% of that move and resumed its prior downtrend. I propose taking a short position when it retraces and touches the trendline. Read more »
Gbp/Jpy Tests 145 Again
The Gbp/Jpy is bullish yes, but I wouldn't be too confident just yet. The pair has continually tested the 145 resistance level to be shut down every time. We are currently testing that area on the open this week. Watch the 145 level with much interest and if the pair breaks down to lower levels this current attempt to reverse direction in this pair may be held off. Read more »
Technical Analysis for Audusd, Cadjpy
The coming trading week will be very interesting. We have the gbpusd trading in a daily pennant range, and the eurusd, refusing to give up without a fight, having closed back above the daily trendline after a very big drop on Friday Read more »
Gbp/Jpy Trade Setup
The Gbp/Jpy is currently testing resistance at 144.00 This pair has tested this area about 3 times in very recent trading sessions. When trading this pair it is a good idea to use wide stops because it is active and can whip you out quickly. Read more »
Update for Aud/Usd Long Trade Setup
The audusd long trade setup that was posted on Sunday has been playing out nicely. The bounce happened lower than the .9200 stated, but it found support at .9157 and has been rallying since. Read more »
Forex Signal: Eur/JPY
This signal is based on a 1 hour candle signal but it still might be too early for it but i am going to try it anyways using sound money management.Last week we did good on our signals and Sophia gave us a great signal over the weekend. Lets see if we can keep the positive pips coming. Read more »
Timing Error That Cost Me Pips
I had been watching the euraud for a while to catch a daily bullish reversal that I had seen setting up. The daily down trendline got broken, and the market made a dip to retest that line. Read more »
