GBP/AUD: bearish ranging near bullish reversal waiting for breakout. Daily price for this pair is located near and below Ichimoku cloud and Senkou Span line which is the border of the cloud and the virtual border between the primary bearish and the primary bullish trend on the daily chart. Symmetric triangle pattern was formed by the price to be crossed for direction, and Chinkou Span line is in the crossing the price to above for the good possible breakout with the bullish reversal. There are 3 ...
How I Trade Breakouts
GBPJPY Technical Analysis 2015, 26.04 - 03.05: daily breakout for the reversal to the bullish with 180.43 key resistance; weekly ranging bullish with 174.86 key support D1 price is on primary bearish with market rally: the price is trying to break 180.43 resistance level and Sinkou Span A line of Ichimoku indicator to be reversed from the primary bearish to the primary bullish on D1 timeframe: The price is located inside Ichimoku cloud/kumo and near Sinkou Span A line (which ...
Talking Points -Don’t get married to a trade or currency -Identifying the Next Likely FX Leader -Know When That Has Failed “If you cannot make money out of the leading active issues, you are not going to make money out of the market as a whole.” “The leaders of today may not be the leaders of tomorrow.” Jesse Livermore Trading is simple but it isn’t easy. The simplicity is that trading often involves finding a strong currency ...
EUR/USD Weekly -“In keeping with the 3 year cycle tops (2008, 2011, and 2014), EURUSD has collapsed. While the long term wave count points below 1.1875 (and to parity), one cannot ignore how extreme the current situation is and how long that extreme has been in place. Since the inception of the EURUSD, the rate had declined for 8 consecutive weeks once ...
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