GBPUSD continues move lower. What would ruin the trend move now?

2023-05-12

The USDJPY traded up and down this week with clearly defined support and resistance levels. When a break higher failed earlier this week, the price rotated lower. However, the low found support against a key MA level, giving the buyers the go-ahead to re-probe the upside.

On Friday, May 12, the price moved above a key MA level, a key swing area going back to February, and the storyline took a twist with buyers taking more control.

What next?

Well listen to the next chapter in the book by listening to this video. It’s a page turner. I hope you agree.

2023-05-10

Discover the reasons behind the recent decline in USDJPY as we analyze the impact of better-than-expected CPI data. The price drops below its 100-hour moving average mark a key technical break with short-term implications. Sellers maintain control as long as the price remains below this level, while a move above it could lead to disappointment due to the failed break.

Stay updated on the USDJPY chart and make informed trading decisions with our forex technical analysis. Subscribe for more market updates and share your thoughts in the comments below. Stay ahead in the forex market!

2023-05-08

The GBPUSD moved to a key target level on the daily chart and found sellers. That level comes against swing eyes going back to 2022. Getting above it would open the door for further upside probing. Staying below it and moving below the low of the swing area 1.25987 would likely disappoint the buyers and lead to some downside probing.

2023-02-13

Dow Jones traders alert: Don’t miss out on a possible trading opportunity! In this video, we examine what happens when a technical chart pattern "busts" and the impact it can have on your trades.

We take a look at the Dow Jones futures (YM) on the four-hour chart and analyze the recent breakdown of the bear flag. We also explore the potential for a bullish opportunity if the price enters and stays inside the bear flag.

For early traders looking to maximize reward vs. risk, we highlight the importance of seeking a close of a 4-hour candle inside the bear flag. Those seeking a higher degree of confirmation can wait for two consecutive candles of four hours’ length that close inside the channel.

Get ahead of the game and make informed trades with our in-depth Dow Jones technical

2023-02-08

Start your trading day off right with the latest morning report! In this video, I delve into the technicals of the EURUSD, USDJPY, GBPUSD, and USDCAD currencies and highlight their key levels in play. But it’s not just about the levels – I also explain the reasons behind the price action, giving you a complete understanding of the market. Get valuable insights to help guide your trades and make informed decisions. Watch now!

2022-12-02

Buyers have work to do in the USDCHF pair to take back more control. What levels are in play for the USDCHF now?

2022-11-30

The example shows a real setup and possible trade plan, but more than that, it shows swing traders in general how to look and plan their entries (with a technical reasoning and trigger), and their stop loss as well as take profit targets, as they assess their ‘risk reward ratio’ (also mentioned as reward vs risk ratio, which is the more precise description of the ratio itself). And how a higher or lower ratio relates to the probability of them winning the trade. The higher my reward is vs my risk, the lower the probablity of winning my trade. The lower my reward vs risk is, the higher the chances my trade plays out to win, and the less exposed my trade is from being stopped out.