July 2016 Monthly Archive

Trade Update: USD/CAD Break and Retest

Now that the FOMC statement is over and Fed officials seem to be relatively hawkish, I’m setting my orders for this USD/CAD pullback play. Read more

Forex Watchlist: USD/CAD Break and Retest

Crude oil has been tumbling again these days, causing USD/CAD to make an upside breakout from its symmetrical triangle pattern. But with the FOMC statement coming up, I’m inclined to wait for a pullback before going long. Read more

Trade Review: EUR/GBP Long-Term Trend Line

The numbers are in… and I’m out of this trade! Take a look at these reasons why I decided to exit this EUR/GBP position early. Read more

Forex Watchlist: EUR/NZD Pullback Area

With the ECB statement coming up, I can’t help but look for potential short euro plays to hop in the ongoing trends. Here’s what I’m seeing on EUR/NZD. Read more

Trade Updates: Short GBP/USD and Short EUR/GBP

I’ve got a couple of opposing pound positions open so far, and I’m waiting for the top-tier U.K. events to provide more direction this week. Read more

Trade Update: EUR/GBP Long-Term Trend Line

Now that the BOE decided to keep interest rates on hold for the time being, I’ve gotten confirmation to enter this short EUR/GBP setup. It also helps that I’m seeing this reversal pattern on the 4-hour chart. Read more

Trade Idea: EUR/GBP Long-Term Trend Line

Sterling seems to be putting up a really good fight against its forex peers these days so I’m looking at this potential turnaround for EUR/GBP. Think this long-term trend line would hold? Read more

Trade Update: GBP/USD Short-Term Retracement

Looks like Cable is making a higher pullback! My second entry order on my GBP/USD trade idea just got triggered as pound bulls are charging for now. Read more

Trade Idea: GBP/USD Short-Term Retracement

I’ve already caught some pips off a Cable short trade, but I think this downtrend could keep going on so I’m trying to sell the rallies. Take a look at this GBP/USD retracement setup! Read more

Trade Idea: EUR/USD Range Play

With Dovish Draghi set to give a testimony this week, I’m waiting for an opportunity to short the euro in anticipation of more ECB easing clues. Here’s what I’m looking at. Read more

Trade Review: Quick Pullback on GBP/USD

Not much action on Cable these days so I’ve decided to book my profits for now. Here’s how my pullback short trade turned out. Read more