Forex Beginner: Starts a Trading Career

Forex trading can be extremely difficult to get started in because of the challenges of the market environment. The most difficult aspect to master is yourself. Learning to do what is right and to follow rules and not make the big mistakes. Forex trading can be extremely difficult to get started in because of the challenges of the market environment. The most difficult aspect to master is yourself. Learning to do what is right and to follow rules and not make the big mistakes. Read more »

Eurjpy Technical Analysis And Trade Setup

Eurjpy is once again backing away from a critical resistance level at 114.00. This seemingly impenetrable resistance is the result of a support that was breached on the weekly chart. As we know, once a support level is breached, it turns into resistance when retested. This area is labeled on the chart below. The weekly chart also boasts a prominent Read more »

Eurusd: Defiant As Always

The Eurusd has settled into a descending channel on the daily timeframe, and the 4-hour is in the process of a bullish breakout above that channel resistance at 1.3690. There was a full bullish close above this line, which Read more »

Stop-losses Can Bite!

Stop-losses can be your best friend, or your worst enemy. Used incorrectly, they’ll ensure that you get stopped out on a spike, just before watching a trade move in your favour. This aspect of risk management is critically important. It is my opinion that traders should plan their trades well, and determine stop Read more »

Forex Weekend Analysis

The Forex Video Below will give you a complete outlook for the markets in the upcoming week. The analysis is done by Micheal Storm from Winners Edge Trading. The video covers most of the major currency pairs also to include, Gold Silver and the Dollar […] Read more »

EURUSD: Bull Or Bear??

Eurusd is currently trading in a 70-pip range between the new down sloping trendline on the 4hr, and the daily neckline resistance that was breached on close of yesterday’s bullish bar. Since having pushed down to 1.3420 for a retest of the broken range resistance on the daily, it appears that the move might have been Read more »

Trade77; GBPCAD Short Setup 7pm

In the four hour chart after launching off 1.6072, price moved down sharply and reached 1.5760 and then it started to correct some of this bearish move. We can see lower highs in this timeframe that is showing that trend is still bearish. Read more »

EURGBP: A Different Perspective

Eurgbp has been ranging in a monthly pennant for several months now. The chart below shows a strong support line, as well as an outer resistance line and an inner one that formed as the characteristic narrowing effect intensified Read more »

Trade77; USDJPY Hourly Trendline 7am

After breaking the upper bond of the daily triangle I mentioned two weeks ago now price is moving beyond 83.00 level.As you can see in the chart below we have got an hourly trendline which has held the price nicely: Read more »