Dear Traders, Price is retracing on crude where the area of 35.50 to 37.50 is now acting as resistance. If the area holds and price prints a bearish engulfing candle or if we get a 5/8 moving average cross down then we would be trading with the path of least resistance. As long as we…

Dear Traders, Hoping all are well let me share with you my view about the AUDJPY pair. The chart I use is the daily. Why is the daily chart especially important? Well we are able to see how price behaved in the three markets (asia, uk and us) in one whole day. This gives us…

Dear Traders, Having seen the analysis to go short on the daily time frame lets try to find our entry points. Ideally we want to see price break support retrace back to the area and then continue in direction of our bearish trend. It is then and only then after receiving this confirmation that the…

I am looking at the GBP/JPY I am a bear on the yen so i have been wait and wait for a place to buy this pair . We are at support on the daily and weekly charts my 4 hour chart show WS2 @174.9967. The Daily and weekly stochastic are way over sold the…

On this eurcad daily chart we have price at resistance. It is already moving sideways which might be an indication that the up move is loosing steam. If we look on the leftern side of the chart we may note that since August price is moving from the upper boundary of 1.53400 to the lower…

EURGBP is still trading around the top of its range on the 4-hour time frame, as traders are waiting for the upcoming ECB statement. Price has been testing the resistance at the .7400 major psychological level for quite some time and has indicated a bit of downside momentum on a break below a short-term consolidation…

Once again we have a currency pair moving sideways price action Both yen crosses,  wait for price  to touch resistance or support wait for price action to fail to break support or resistance zone on a small time frame then pop in a small trade with a stop know more  then 20 pips away  …

One currency pair to watch and wait for ?. let price action tell you which way to trade. If price touch resistance @ 92.65 or support 91.53 Zones and you see price action has fail to break resistance or support on a 15 minute time frame.  Pop on a small trade with a  stop at know…

GBPJPY has been rising for the entire week, and now facing key resistance level of 184.50. 184.50 was rejected once on Sep 25th.   Also the current price is in the reversal pivot zone (WM4 - WR2), and Fib50%-61.8% zone.   And... today is Friday. So tons of reasons to expect the price may fall…

I suggested not to trade Yen pairs today, until we see the break of USDJPY pair out of the range. So this could be your daily bread...  :) AUD had gained the value during Asian hours.  However, looking at H4 of AUDUSD (above), the price is approaching to the resistance while Stochastic is reaching to…

EURCHF has been gradually trading higher, moving inside a shallow rising channel on its 1-hour time frame. Price is currently testing the top of the range at the 1.0900 major psychological level, which might hold as resistance. In that case, EURCHF could soon head back to the channel support at the 1.0750 minor psychological level…

EURGBP is still moving inside its range on the 4-hour time frame, currently testing the resistance at the .7400 major psychological level. An upside break might be possible since stochastic is climbing while the 100 SMA just crossed above the 200 SMA. In that case, EURGBP could climb by an additional 300 pips, which is…

Nikkei Index has been jumping up and down today (Aug 26) so far, and I have to say the market has not been calm down yet. I even think it may be better off, not to trade Japanese Yen pair today (unless you are carry trading...). Anyhow, if you still want to trade USDJPY pair,…

We saw another rally  of EURJPY pair yesterday. For Day Traders, your 1st target () and 2nd target were both reached. For Swing Traders, your 1st target has been almost reached. Now, we have to stop and think about it for a while, as the price is reaching to the resistance level. Please look at…

EURJPY pair went higher yesterday. However, looking at H4 and H1 chart.  I see Bearish Divergence.   So I am expecting some pullback from the current level. Reading from H4 chart above, I would say the price may drop to 21EMA (138.00ish). And reading from the above Hourly chart, the price may come down to…

So how to get sucessfull as a day trader? How to absorb all the information about the markets and which opinions are the right ones? Which systems works best and which should be avoided? Where to place stops and targets? How much money should I risk? How to conquer fear and anxiety? What kind of…