AUD/USD : Technical Analysis for Thurs May 6th

Again, using the Ichimoku overlay on the Hourly chart we see the following. Tenkan-Sen crossing over the Kijun-Sen nicely from above, the first indicator of a downward trend. Tenkan-Sen continues then in a steep flow downward, increasing the chances of trend. The Senkou Span “A” is well below Senkou Span “B”, reinforcing the downward trend. Thick [...] Read more »

What Are You Searching For?

Many new traders (lets face it) do NOT know what they are doing or why. This is understandable. As a "newbie" how is someone supposed to "know" what to do, or what they are really looking at on charts? This only comes after many months and maybe even years for some 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 »