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Talking Points: EUR/USD Sentiment Flips to NegativeLong-Term Channel Support Near $1.25Potential Exits: Stop at 1.2480 & Limit at 1.2950 The Euro has taken a turn this week after its relentless free-fall the past few months. After falling to $1.25 last week, it has now risen as high as 1.2675. I am predominantly a trend trader and look to trade in the path of least resistance (in this case, selling the EUR/USD as its fallen), but there are a couple compelling reasons ...
Talking Points: Volume can help confirm a trendVolume should increase during moves in the direction of a true trendThe EUR/USD is a current example of these principles Trend trading is a staple in my Forex trading account; identifying the predominant direction a pair is heading and only looking for opportunities that trade in the same direction. But sometimes it is difficult to decipher whether a chart displays a trend or not. It can also be difficult to know ...
US Dollar Forecast - Dollar’s Rally Has Grown Even More Extreme The Dollar’s rally grows more remarkable with each week…at the same time that it grows more difficult to believe.There is no denying its bullish bearing. British Pound Forecast - British Pound Selling to Continue on Static BOE, Hawkish FOMC Minutes The British Pound is vulnerable to continued selling as a status-quo BOE policy announcement and hawkish FOMC minutes erode the UK unit’s yield appeal. ...
Talking Points: Volume can increase our win rate when used properlyLarger volume during a breakout can confirm the move is valid Volume is an extremely popular trading tool when trading stocks, options, futures, and many other instruments. But when it comes to Forex, we do not see many traders using volume. The reason is that the Forex market is decentralized and the overall market volume is not available. The solution for this is FXCM’s new Real ...
Talking Points: -Why Mess With a Good Thing? -The Purpose of Heikin-Ashi -Trading With New Vision “You can observe a lot by just watching.” Yogi Berra Candlesticks are a great tool to help you see sentiment in real-time. However, there is something deeper than what the candlestick is showing you. That something deeper is your fear of being on the cusp of a reversal against your position. Therefore, ...
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