After an amazingly strong and fast USD move in the early pre-European markets made many of our days, we were left at a precarious position of support exactly at the London open on some pairings, such as the EUR/USD. In this video I show how, where, and why we got long off of support right [...]
Two opposing trendlines converged on the GBP/USD during today’s European session to form a triangle, the apex of which was due for arrival in the early part of today’s New York session. Traders who spotted the setup found a conservative long trade entry after the breakout — in the direction of the prevailing trend and [...]
www.forexmentor.com Ever wonder where the money is in the forex? Are you often left scratching your head trying to figure out how youre going to carve out your daily ration of 20 pips? Are you worried about having to sit at your computer all day long waiting for good trades to set up? Well, turn [...]
forex-fxtrader.com This video of todays analysis added to the daily analysis 26th august video, shows 500 pips move before the event., From an educational perspective it is great to help you learn to look at how forex traders use support and resistance when trying to predict where the price of a currency pair is going [...]
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www.fxtrainingzone.com GBP/USD Strong 4H Belt holding candle close. Obtained early entry with news trap.
The EUR/USD had already reached the S3 pivot point before the start of today’s New York session. US pending home sales news, released at mid-session, failed to have much effect on the pair, which went flat into London close. Fortunately, falling gold prices dropped us a hint that the Aussie might spark a triangle breakout. [...]
After EUR/USD finally broke a well established ascending triangle on the Daily chart yesterday, we were looking for a retest of the break area to hopefully snag a high probability entry for continuation onward to and through 160. Using Fibonacci retracement levels, psychological level of 159.00, multiple ema’s on 1, 2, and 4 hour charts, [...]