Tags » Fxcm

EUR/USD Bearish Candle

Today’s candle closes with a long upper wick and a reasonably bearish body. I set a short order below the low of the day with a RR ratio of 1:1

Daily Candle

Trading in the Shadows

Ive been doing some manual back testing over weekend and I have discovered something interesting on the Eur/Usd and Gbp/Usd pairs. It seems the long upper or lower shadows on the daily candle tends to determine the next days market direction. 52 more words

Daily Candle

Possible reversals.

NZD/USD is testing support at about 72.86 but 73.84 looks like a major resistance level.

I am setting a sell order below yesterday’s low.

AUD/JPY is either reversing or retracing. 11 more words

Daily Candle

EUR/USD Looking Bearish

The Eur/Usd seems to be reacting to resistance at about 1.14485

The last three daily candles have had a long lower shadows which makes me hesitate to enter at market. 17 more words

Daily Candle

A lunch time trader's journal

In this blog I will be sharing my assessment of the forex market and the trades that I make during my lunch break each day. 17 more words

Daily Candle