GBPAUD update -> stalking bearish correction

Trend Trading with Fibonacci & RSI

Marine Le Pen is looking strong. If she comes out on top after the first round of election, there will most likely be some risk averse reaction. I'm closing today, going into the weekend with open risk sensitive pair, is too risky for me.

USD/JPY Discussion

Covering shorts has just started. Lets see if there is enough heavy bears pulling out of the market to take price past 109.50.

USD/JPY Discussion

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Quotes and Videos for Traders

Nothing big should happen today. First round of French elections over the weekend, so we might see some closing of short positions later this day, but who knows if they will be big enough to lift USD a bit.

USD/JPY Discussion

EUR/GBP -> Short term bearish trade (0.83) with potential to go lower (0.825, 0.81).

Trend Trading with Fibonacci & RSI

I'm getting the same target based on fibonacci retracement (23,6% ret -> 118 % ext) 141, but we have strong resistance ahead and I see some divergence forming. I have faded move to 23,6 % ret with 1.3 R profit (less then hoped for ). ...

Trend Trading with Fibonacci & RSI

Hi captain13, you have to establish if pair is trading in range (2/3 of the time) or actually trending (1/3 of the time), before swing trend trading. And you can't just say, your target is 3R or 5R away. You have to look for previous ...

basic 4h trend trading strategy, is it enough?

It looks more bullish then bearish bias to me... That said, I'm in for a short term long trade (entered 109.05, SL 108.90, TP 110.05). Closing position before weekend (french elections), if I'm not taken out before.

USD/JPY Discussion

I think someone might be loading up position for a big move. Strong bulish momentum, weaker bearish retracements on 5 min chart... But If situation doesn't resolve in the next 2 hours, I would be very skeptical about up move potential.

USD/JPY Discussion

USD/JPY update -> usdjpy at turning point? It could be: 200 daily SMA, 50 % "fib", channel support, RSI(14) in OS territory. Potential Risk : Reward ratio is very high here. Chances of winning this one, who knows...

Trend Trading with Fibonacci & RSI

GBP/JPY update -> A pair has broken out of daily wedge formation with impressive 460 pips move. Lets see if we can get some correction around 140 level, before resuming upwards. Technicals are clear, but fundamentals aren't. It's PM May's ...

Trend Trading with Fibonacci & RSI

I mainly use RSI to spot divergences between RSI and price action in OB/OS territory and to establish if we are in a trend (RSI has tagged 70 and preferably stayed above 40 after correction (or 30-60 for bearish trend)) or in a range (where RSI ...

Trend Trading with Fibonacci & RSI

GBP/CAD -> I've missed nearly perfect technical trade, while focusing on other pairs. Let's try to analyze it:

Trend Trading with Fibonacci & RSI

GBPNZD update -> pair hit my target and I'm out, 2.66 RR is enough. I don't like potentially strong falling trend line resistance ahead of PA and also GDT Price Index news is ahead. It would be too much of a gamble to stay in a trade for me.

Trend Trading with Fibonacci & RSI

GBP/USD -> going strong, but also strong resistance ahead GBP/USD has been consolidating in 800 pips range since falling to 1.19. We 're seeing strong bullish move after May's election announcement, but we're still in consolidation range. I don't ...

Trend Trading with Fibonacci & RSI