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Alright, this strategy is so simple, no explanations needed. Doing a Buy, as yesterday, the candlestick’s direction is upwards. Putting a 1:2 SL/TP ratio.

Forex Trading

EUR/USD, sellers on the run!

And that’s exactly what I wrote in my previous analysis if the buyers failed again at 1.1500! Shooting star and fail brake on Tuesday, May 03. 169 more words

Technical Analysis


Good day to you all. I am going to try another strategy this time, take a look at this pic:

This is a screenshot of the daily chart of USDJPY. 230 more words

Forex Trading

NZD/USD technical analysis for 5/5/16

The higher time-frame is balanced since there has been a test of both support and resistance subsequent to the formation of the most recent new structure high of the uptrend (4hr chart – image 1).   77 more words

GBP/USD technical analysis 5/4/16

Sometimes you can make a case for entry in either direction.  In these situations it’s best to sit out and let the other traders take the gamble. 95 more words

GOLD, sellers are testing support again!

Strong pressure from the sellers today for the second time and gold reached 1272, the lower/stronger support line after 1275 from the European session. I pointed in this level as support… 83 more words

Technical Analysis