Usd/Chf: Weekly Chart Swing
Here is a chart of the usd chf on a weekly and it looks like its ready to break down:
Eur/Usd: Divergence Setup
The Daily Eur/Usd is showing a divergence on the 14 period RSI which indicates a possible reversal. I only trade price action based on candlestick patterns and I don’t use any other indicators.
Usd/Chf: Shooting Star
There is a shooting star candlestick formation on the daily chart on the Usd/Chf. This candle signal indicates that buyers have temporarily run out of steam on the daily chart. If the current candle closes lower than the previous candle then that would be a great sell
4 Hour AUD/USD Trade
Just wanted to share this chart with you and a possible swing trade idea. This is a 4 hour chart of the AUD USD. I have been watching and trading this pair an awful lot lately and as some of you know I am quite bearish. All time frames look good to me, the daily the hourly and even this 4 hour chart.
Possible Short Trade
Hello traders, I am going to keep this one short and sweet. Will leave out the fundamentals of why NZD should be heading south (but there are some good reasons… do your own do diligence). Here is a possible short trade idea on the NZD yen. If you start with the daily chart, take a look at the series of lower highs developing.
Trade Alert: USD/CAD
We have been pretty stacked to the short side on the euro dollar and pound dollar pairs and you know what happens when we get too heavy with the shorts. That’s right, there is a possibility of a short squeeze and shakeout happening now. See the charts at the close of Thursday’s session there were MASSIVE amounts of ascending triangle patterns on all the charts and all the time frames
USD/JPY: Trade Alert Now
I have many confirming indicators to help me in this trade. This is a forex trading strategy that I learned from a forex class I took a while back and it has been successful for me.
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