Currency Cross-Eyed

Trade Idea: EUR/JPY Bearish Momentum

With all the political and financial uncertainty in the euro zone these days, I can’t help but look at another potential short EUR position. Here’s a neat technical setup I’m seeing on EUR/JPY. Read more

Trade Idea: GBP/JPY Symmetrical Triangle Straddle

If you’ve been keeping track of my Weekly Watch blog posts, you’d probably know that I’ve had my one good eye locked on this Guppy triangle for the past few weeks. Here are the entry levels I’m going for. Read more

Weekly Watch: Feb. 20 – 24, 2017

European currencies seem to be bogged down by debt troubles, political risks, and downbeat data these days, and here are the trade setups I’m keeping my one good eye on this week. Check ’em out! Read more

Trade Adjustments: EUR/AUD Potential Breakdown

I’ve rolled my stop much lower to lock in a few more pips on this EUR/AUD trade, but I’m also seeing a bit of a correction. Do you think I should add to my position or just let it ride? Read more

Trade Update: AUD/CHF Rising Wedge

Remember that AUD/CHF long-term rising wedge pattern I was looking at a week ago? Price is already breaking higher so I decided to hop in a small position at market.

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Trade Adjustments: EUR/AUD Potential Breakdown

Woohoo! This short play is finally showin’ me some love, as price gained further bearish momentum and is closing in on my first profit target. Time to press my advantage? Read more

Weekly Watch: Feb. 13 – 17, 2017

I’m seeing a couple of chart formations and a classic break-and-retest setup on EUR/JPY, EUR/GBP, and GBP/JPY that could be in play with this week’s set of market catalysts. Take a look! Read more

Trade Watchlist: GBP/CAD Descending Triangle

Sterling has been putting up a strong fight these days, thanks to rate hike hints from a BOE official. On the flip side, the Loonie is under pressure from rising oil stockpiles and a potential U.S. border tax on Canadian imports. Read more

Trade Watchlist: AUD/CHF Rising Wedge

I’ve taken a particular interest on the Swiss franc these days since a national referendum on tax reform will be held in Switzerland this month, and I’m hoping to catch a breakout on AUD/CHF.

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Weekly Watch: Feb. 6 – 10, 2017

Reversal alert! I’m seeing short-term turnaround signals on the 1-hour charts of EUR/JPY, EUR/GBP, and GBP/JPY. Think we’ll see any breakouts this time? Read more

Trade Review: EUR/NZD Long-Term Selloff

I seem to have gotten stopped out on a quick pullback for this one, but all is well since my adjustments allowed me to lock in decent gains on this short trade. Take a look! Read more

Trade Adjustments: EUR/AUD Potential Breakdown

Did I just get faked out? The long-term range support on EUR/AUD seems to be holding again so I might need to close this one early and trim my losses. What do you think? Read more

Trade Update: EUR/NZD Long-Term Selloff

Woot woot! More pips in the bag! EUR/NZD carried on with its dive, breaking below the 1.4700 major psychological support and allowing me to roll my stop lower to lock in more gains. Read more

Weekly Watch: Jan. 30 – Feb. 3, 2017

With the BOJ and BOE set to announce their policy decisions this week, I’m on the lookout for potential breakouts on EUR/JPY, GBP/JPY, and EUR/GBP. What do you think? Read more

Trade Update: EUR/NZD Long-Term Selloff

Woohoo! Finally some strong downside momentum on this EUR/NZD short position! Because of that, I’m rolling my stop lower to lock in a few gains as planned. Read more