Trade Idea: Downtrend Bounce in AUD/CAD?
Solid run for AUD/CAD bears in the latter half of July, but is the momentum over and is there a bounce ahead? If so, is it another opportunity to play the downtrend?
Read MoreSolid run for AUD/CAD bears in the latter half of July, but is the momentum over and is there a bounce ahead? If so, is it another opportunity to play the downtrend?
Read MoreI’m seeing this extra neat uptrend setup on the long-term chart of GBP/AUD, but I’m still checking if fundamentals line up. Got any thoughts to share?
Read MoreDecided to close my USD/CAD short as I think sentiment has shifted on the Greenback after yesterday’s Fed meeting.
Read MoreThe Fed didn’t give USD bears the rate outlook they were looking for, prompting a bearish break down of EUR/USD. Is it a fakeout rather than a breakout?
Read MoreThe expected bounce came EUR/AUD but never ended as expected despite weak Euro area updates and a dovish ECB monetary policy statement.
Read MoreThis week I’m setting up for a longer-term short play on NZD/CAD ahead of top tier events in the next few weeks.
Read MoreWith Q2 in the books, it’s time to do a quick review of my blog ideas. While did have more losers than winners, I ended up profitable thanks to trade management and adapting to changing conditions.
Read MoreI had been watching this descending channel on AUD/NZD for quite some time, and it looks like another pullback opportunity is coming right up!
Read MoreThe risk-on environment pushed my NZD/CHF idea to its exit point, while the picture on EUR/AUD shifted a bit, prompting slight shift in entry idea. Here’s a quick view of my latest adjustments!
Read MoreWith big time economic events coming soon from both Australia and Europe, it’s time to check out the downtrend in EUR/AUD for possible fresh opportunities to play the trend.
Read MoreBoth GBP/AUD & EUR/CAD were on the move & in my favor, so some adjustments were made–some good and some not so much.
Read MoreFeeling anti-dollar this week? This USD/CHF setup might set you up for a win!
Read MoreWith the first half of 2019 in the books, it’s time to do a quick review and see what improvements I can make to hopefully step my game up for the rest of the year!
Read MoreGBP/CAD just broke below a major support area, and with top tier CAD data on the way, it could have more room to run.
Read MoreI’m seeing a textbook trend pullback setup on the 4-hour time frame of AUD/NZD. Do fundamentals line up with a short trade?
Read MoreAfter my latest adjustment to lock in a profit, Guppy was able to make one small push lower before running into support. Decided to close out the trade for now, so here’s a quick review.
Read MoreGBP/AUD took a dive this week but could be setup for a bounce soon. If so, will a restest of the broken previous support area draw in sellers once again?
Read MoreHey, forex friends! Are you seeing what I’m seeing on EUR/USD’s 4-hour chart? Here’s why I’m setting my sights on a possible long trade on the pair.
Read MoreBoth GBP/JPY & AUD/CAD have made some moves lately so it’s time for a quick update and adjustments into the new month of trading.
Read MoreNo luck on getting in USD/CAD short at a better price, so I’m adjusting my entry strategy to get in as I’m still pretty confident in the downtrend
Read MoreThe damage from a bad trade often extends well beyond the loss on the trade itself. By shaking up a trader’s confidence, such trades can lead to missing winning trades the trader would otherwise have taken. The resulting missed profits can often even exceed the loss on the original trade.Jack D. Schwager