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 MoreI’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 MoreWhat’s up forex fiends!? I’m not seeing any new trade ideas at the moment, but this recent move higher in AUD/NZD to previous resistance makes for an interesting short play soon.
Read MoreThe fundamental picture is looking a bit brighter for the Canadian dollar these days so I’m considering a long Loonie setup against the Kiwi, which has been pushed down by RBNZ dovishness.
Read MoreIt’s do or die for EUR/USD! Will the euro break below a forex support area that hasn’t been broken since early 2015? Take a look at the chart and tell me what you think!
Read MoreRemember 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.
Read MoreBeen waiting a while on EUR/CAD to see if that triangle breakdown was a breakout or fakeout. Well, it looks like the bears are firmly in control so it’s time to take my shot!
Read MoreTraders must consider global macro & forex stories influenced by data & politics. Seems daunting but there are signs to notice when correlations disconnect.
Read MoreI’m still keeping an eye out for this CAD/JPY descending channel, trying to decide if I should short again at a better price when it tests the resistance. Care to help me out?
Read MoreWoohoo! 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 MoreLooks like the major dollar pairs are flirting with significant areas of interest this week! Will we see a continuation of tight forex ranges? Or will we finally see breakouts? Here’s a neat guide for all you dollar traders out there!
Read MoreI’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 MoreI’m seeing trends, potential breakouts, and reversals on the comdolls this week! Here are the upcoming catalysts and inflection points to watch out for.
Read MoreAnd the search continues! Remember when I’ve decided to slap on the ADX indicator to my HLHB Trend-Catcher System? Well, here are the backtesting results from Q3 2015 – Q4 2016!
Read MorePhew! Glad I got out of that one real quick! I decided to exit my CAD/JPY short position early when price seemed to be finding support at that new descending channel. Here’s how it turned out.
Read MoreDidn’t get a chance to participate in the last drop in GBP/NZD because I missed my entry by a few pips. Looks like I get another shot to play the downtrend at a great price thanks to the RBNZ.
Read MoreSterling 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 MoreHey, all! Remember that range support that we were watching last week? Well, it looks like the pair is breaking lower after all!
Read MoreI’m not a fan of many setups on the shorter timeframe as volatility remains relatively low, so I’ve zoomed out to the daily charts and found this potential setup to play my fundamental biases on the U.S. and Switzerland.
Read MoreI’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.
Read MoreI’m seeing another potential long yen trade with NZD/JPY testing a key resistance level prior to the RBNZ interest rate decision this week. Think the ceiling will hold?
Read MoreThere are two kinds of failures: those who thought and never did, and those who did and never thought.Laurence Peter