NZDJPY is on our watchlist again this week after the market risk-off sentiment continued. The recent outbreak of the coronavirus has seen investors rush to safe-havens with JPY benefitting. Looking at the 4hr timeframe we can see the price is finding support at the key 7135.00 zones. If the price bounces here we can expect […]
Earlier in the week, we spoke of shorting the NZDJPY and why we are doing so. Check out the YouTube video above for the breakdown… Not only did we short the market Tuesday we did so again today in line with our strategy. This was due to our overall analysis and a bigger picture of […]
Recently we wrote on LinkedIn about the possible rally to come in Bitcoin after we spotted the price action on the monthly timeframe. We then took a position in line with our bias as we look for the cryptocurrency to reach 10k-12k. Now that our first position is at breakeven we can look for further […]
In this latest forex chart of the day video, we discuss a current NZDUSD long position we have in the markets, why we traded it and how we are managing the position. We used the trade finder indicator to spot the 4hr opportunity as the price re-tested a daily area of support.
In this video update, we take you through a live GBPUSD forex trade, how we managed the trade and why we closed the trade for a profit.
In this video update, we discuss the reasoning why we see EURUSD moving lower and how we entered a short position in line with this bias. The price formed a double top on the 1hr timeframe with slight divergence adding confluence to the move lower pointed out by the ‘trade finder’.
In our recent post on Facebook, we talked about a potential long opportunity as Gold reacted from the key $1450.00 support zone. In this blog post, we will go into depth on why we believe Gold could reach the recent weekly swing highs once again. Taking a look at seasonal reports, Gold typically rises through […]
USDCHF has been ranging for some time now and now the price is back at the key resistance we could see a move lower. Looking at the Daily timeframe the LFX strategy indicator has pointed out an opportunity from the top of the range. We could look to short the market underneath the daily candle […]
GBPUSD is on our watchlist this week as the price rejected the key 1.3000 resistance zone. The daily timeframe looks to be in a retracement phase suggesting the price will move to the next key area of support which is 1.2800. As shown in the chart above the market gapped overnight which could also lead […]
Today we are looking at 2 market patterns you have probably heard or come across before but may not have actioned on in your own trading. These 2 patterns alone could help you make better trading decisions as well as turn you into a profitable trader. These 2 price patterns are very simple but very […]