Hey there lovelies, **Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. ** Here is my analysis on several #forex currency pairs for this week. This week, I will be concentrating on pairs with both bullish and bearish trend trading opportunities. Remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-)
1) #EUR/USD (Daily) - Last week this girl continued her downward spiral towards her new weekly low of 1.0818 and was unable to close above the 1.10 handle. This week, expect a re-tracement of 50-150+ pips and test a the 1.079-1.07 range. Although #eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming if she hold support above 1.07. Be sure to use proper money management with this pair with rational risk:reward due Europe fragility. If given a bearish opportunity plan to go short (sell) at the (1.10-1.1040) range towards 1.08 and/or below,and expect a rapid decline at the 1.065 bench mark towards 1.045 if this pair can hold her own against the big dogs lurking at the 1.07 level.If given a bullish opportunity plan to go long (buy) at the (1.08-1.07) range towards 1.14 and/or above. If the pair can exceed the 1.1550 level, it is highly probable that an uptrend reversal will continue towards the resistance level of 1.2 and/or above. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week.
2) #AUD/JPY (Daily) - Due the financial uncertainty of China this ol' gal maybe setting up for a significant drop in the near future and is worth keeping on your radar for an amazing short opportunity if she can manage a full candle close below the monthly uptrend line. If given a bearish opportunity between (91.20-92.0) plan to go short (sell) on this pair back down towards the 86.7-86.0 and/or below. Expect at least 200+ pips on this sweet ride for this week.
3) #EURAUD(Daily) - Last week, this girl managed to make a new weekly higher high & low. This week she may retrace 100-250 pips before continuing her bullish ride. If given a bullish opportunity at (1.49-1.4730) take a long (buy) entry on this pair back up towards 1.5320 and/or above range. Expect at least 400+ pips profit from this feisty gal this week.
Hey there lovelies, **Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. ** So let me start by congratulating those of you who decided to trade these past few weeks during the Greek drama and manage to make profitable trades. I on the other hand, decide to sit on the sidelines and watch the market do its thing without me. Slowly, but surely I'm learning when in doubt it's better to stay out of the market and preserve 100% of your capital versus giving it away because of ignorance. Continuing on, here is my analysis on several #forex currency pairs for this week. This week, I will be concentrating on pairs with both bullish and bearish trend trading opportunities. Remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-)
1) #EUR/USD (Daily) - This month for this gal has been a little cray cray to say the least due #Greece issues. This week, expect a re-tracement of 50-150+ pips before a continued downward movement and test a the 1.079-1.07 range. Although #eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming if she hold support above 1.07. Be sure to use proper money management with this pair with rational risk:reward due Europe fragility. If given a bearish opportunity plan to go short (sell) at the (1.10-1.12) range towards 1.08 and/or below,and expect a rapid decline at the 1.065 bench mark towards 1.045 if this pair can hold her own against the big dogs lurking at the 1.07 level.If given a bullish opportunity plan to go long (buy) at the (1.08-1.07) range towards 1.14 and/or above. If the pair can exceed the 1.1550 level, it is highly probable that an uptrend reversal will continue towards the resistance level of 1.2 and/or above. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week.
2) #AUD/JPY (Daily) - Due the financial uncertainty of China this ol' gal maybe setting up for a significant drop in the near future and is worth keeping on your radar for an amazing short opportunity if she can manage a full candle close below the monthly uptrend line. If given a bearish opportunity between (94.0-96.0) plan to go short (sell) on this pair back down towards the 86.7-86.0 and lower. Expect at least 200+ pips on this sweet ride for this week.
3) #GBPUSD (Daily) - Last week, this girl managed to make a new weekly higher high & low, suggesting a possible end to her 2nd re-tracement from her uptrend ending at the 38.2% Fibonacci level. This week she may retrace 50-150 pips before continuing her bullish ride. If given a bullish opportunity at (1.55-1.545) take a long (buy) entry on this pair back up towards 1.6 and/or above range towards her projected 1.66 D extension. Expect at least 200+ pips profit from this feisty gal this week.
Hey there lovelies, **Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. ** Here is my analysis on several #forex currency pairs for this week. This week I will be concentrating on pairs with both bullish and bearish trend trading opportunities. This week trade pairs cautiously with proper risk:reward ratio until a clearer trend pattern can be defined, if it hasn't already. Expected high volatility going into next week's session and manage trades wisely, #usd (durable goods and home sales), #eur (Grexit decision, PMI, and climate). Also, remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-) Food for thought:FYI...If you haven't already noticed that there are some basket trades in the market that have been working VERY well right now.... When given an opportunity you may want to take advantage of multiple trades that are moving in sync with each other. Long basket: #gbpusd#eurusd#audusd. Short basket: #usdjpy#usdchf#usdcad. Totaling 500+ pips weekly combined easy. The hard part is riding the basket wave into completion (or trend reversal) ;-) **Currency Basket Trading video** ---->>
1) #EUR/USD (Daily) - Last week, this girl experienced A LOT of volatility due to the uncertainty with Greece and the recent FMOC report, yet she still managed to make a higher high of 1.1440. This week, expect a re-tracement of 50-150 pips and a possible test of the 1.15 level. Although #eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming if the 1.1550 level is conquered with a full body candle. Be sure to use proper money management with this pair with rational risk:reward pending the #Greece deal at the end of the month. If given a bullish opportunity plan to go long (buy) at the (1.13-1.12) range toward the 1.15 and/or above. If the pair can exceed the 1.1550 level, it is highly probable that an uptrend reversal will continue towards the resistance level of 1.2 and/or above. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week. Market moving news: Greece Makes Deal With Russia
2) #EUR/JPY (Daily) - Due the swift re-tracement at the 38.2% Fibonacci level, do not expect this sugar, spice gal to come down from her high or lose momentum any time soon. This week expect a possible re-tracement of 50-100 pips from #eurjpy current position. If given a bullish opportunity around (138.4-138) plan to go long (buy) on this pair back up towards the 141+ range. Expect at least 300+ pips on this sweet ride for this week.
3) #USDJPY (Daily) - Last week the bears dominated the market producing a weekly low of 122.71, but the bulls refused to go down without a fight preventing a lower low from the previous week which happen to be at 122.42. If given a bearish opportunity, plan to short (sell) this pair around (123.7-123.0) towards future support levels (122, 118.5, & 115.7) and cancel/replace as needed. If this big girl manages to fall below her inner uptrend line (around 116-115.50) hold fast because her glass house is about to break and you won't want to miss the action she's got in store for you. Depending on your entry expect to coast this icy slope for at least 200+ pips this week.
4) #GBPUSD (Daily) - Last week, this girl managed to close above her previous B resistance level at 1.5888. This week she may retrace 50-150 pips before continuing her bullish ride. If given a bullish opportunity at (1.58-1.57) take a long (buy) entry on this pair back up towards 1.6 and/or above range towards her projected 1.66 D extension. Expect at least 300+ pips profit from this feisty gal this week.
Hey there lovelies, **Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. ** Here is my analysis on several #forex currency pairs for this week. This week I will be concentrating on pairs with both bullish and bearish trend trading opportunities. This week trade pairs cautiously with proper risk:reward ratio until a clearer trend pattern can be defined, if it hasn't already. Expected high volatility going into next week's session and manage trades wisely, #usd (FMOC report, unemployment, and CPI), #eur (Grexit decision, PMI, unemployment), #gbp (PMI and bank rate). Also, remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-) Food for thought:http://money.cnn.com/2015/05/31/investing/stocks-market-bubble-bonds-china-startups/index.html?iid=Lead
1) #EUR/USD (Daily) - Last week, this girl rebounded at the expected 61.8% fibonacci re-tracement level and tested the 1.10 resistance but failed to exceed it with a full body formation closing at 1.0989 with a hammer on the weekly chart. This week, a possible test of the upper 1.12 may occur. Although#eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming based on a monthly bullish candlestick formation and weekly divergence. Be sure to use proper money management with this pair with rational risk:reward pending #Greece on June 5th. If given a bullish opportunity plan to go long (buy) at the (1.1050-1.09) range toward the1.12 and/or above. If the pair can exceed the 1.1550 level with a full body candle in the future, it is highly probable that an uptrend reversal has been confirmed & will continue towards the resistance level of 1.2 and/or above. If given a bearish opportunity plan to short (sell) the market at the (1.14-1.1530) range towards 1.122 and/or below. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week. Market moving news: http://www.bloomberg.com/news/articles/2015-05-30/greek-talks-with-creditors-deepen-as-payment-clock-ticks
2) #EUR/JPY (Daily) - Expect a possible re-tracement of 100-200 pips from #eurjpy current position. If given a bullish opportunity around (136-135.3) plan to go long (buy) on this pair back up towards the 137+ range. Expect at least 200+ pips on this sweet ride for this week.
3) #GBPNZD (Daily) - Last week the bulls continued to dominate the market, soaring to the high of 2.1575. If given a bullish opportunity after a 100-200+ pip re-tracement, plan to go long (buy)on this pair around 2.12-2.14, and back up to the (2.15 and/or above). If given a bearish opportunity in the future, plan to short (sell) this pair around 2.2-2.19 and cancel/replace as needed. Depending on your entry expect to ride this wave for at least 300+ pips for this week.
4) #GBPUSD (Daily) - Last week, even though she slid to the 50% fibonacci re-tracement level producing a new low of 1.5240 (giving way to a possible C, within ABCD pattern) she manage to close above the inner monthly downtrend line with a spinning top candlestick giving addition confirmation of a trend reversal. This week she may retrace further towards the 61.8% fibonacci level before continuing her bullish ride. There could be another bullish attempt of the 1.55 this week as well. If given a bullish opportunity at (1.52-1.50) take a long (buy) entry on this pair back up towards the 1.56 and/or aboverange. Later, within the next few weeks if given a bearish opportunity at (1.5750-1.5840) take a short (sell) entry on this pair back down to the 1.546 and belowrange and cancel/replace as needed. Expect at least 300+ pips profit from this feisty gal this week.
Hey there lovelies, **Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. ** Here is my analysis on several #forex currency pairs for this week. This week I will be concentrating on pairs with both bullish and bearish trend trading opportunities. This week trade pairs cautiously with proper risk:reward ratio until a clearer trend pattern can be defined, if it hasn't already. Expected high volatility going into next week's session and manage trades wisely, #usd (FMOC report, unemployment, and CPI), #eur (German sentiment, PMI, climate and Draghi), #gbp (CPI, bank vote, and Carney), and for #nzd (inflation and flash PMI). Also, remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-)
1) #EUR/USD (Daily) - Last week, this girl continued thrusting her hips towards the upside with a higher high of 1.1465. This week, expect a re-tracement of 100-200 pips from #eurusd current position.. A test of the upper 1.1520 may occur. Although#eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming based on monthly bullish candlestick formation. If given a bullish opportunity plan to go long (buy) the market at the (1.1230-1.1150) range toward the1.1530 and/or above. Expect some consolidation around 1.1370-1530 resistance level. If the pair can exceed the 1.1550 level with a full body candle, it is highly probable that an uptrend reversal has been confirmed & will continue towards resistance level of 1.22 and/or above and hopefully establishing clear up ABCD pattern. If given a bearish opportunity plan to short (sell) the market at the (1.15-1.1530) range towards 1.122 and/or below. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week.
2) #EUR/JPY (Daily) - Expect a re-tracement of 100-200 pips from #eurjpy current position. If given a bullish opportunity around (134-133.5) plan to go long (buy) on this pair back up towards the 137.5+ range. Expect at least 200+ pips on this sweet ride for this week.
3) #GBPNZD (Daily) - Last week the bulls dominated the bulls after last week's majority conservative vote for the general 2015 UK election, soaring to the resistance 2.14 level. If given a bullish opportunity, plan to go long (buy)on this pair around 2.1-2.08, and back up to the (2.12-2.14 and/or above),but use a decent stop of 30-100 pips due to pair not being able to overcome its most recent resistance level and may be out to find a new C for its recent up ABCD pattern. If given a bearish opportunity, plan to short (sell) this pair around 2.085-2.083 back down to the (2.04-2.035 and/or below). Remember to cancel/replace as needed. Depending on your entry expect to ride this wave for at least 300+ pips for this week.
4) #GBPUSD (Daily) - Last week she effortlessly climbed to new heights of 1.5815, which she predictably found resistance. This week there may be another bullish attempt of the 1.58, but take advantage of the if then process for bearish opportunities if this resistance level is not overpowered. If the 1.583 is denominated expect her run towards her friends with benefits at 1.6-1.62 within the next two weeks. If given a bearish opportunity at (1.58-1.583) take a short (sell) entry on this pair back down to the 1.546 and belowrange and cancel/replace as needed, also note this girl may have found her peak "B" man and may be the prowl for another lover
aka "C". If given a bullish opportunity at (1.544-1.543) take a long (buy) entry on this pair back up to the 1.58 and aboverange. Expect at least 300+ pips profit from this feisty gal this week.
Hey there lovelies, **Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. ** Here is my analysis on several #forex currency pairs for this week. This week I will be concentrating on pairs with both bullish and bearish trend trading opportunities. This week trade pairs cautiously with proper risk:reward ratio until a clearer trend pattern can be defined, if it hasn't already. Also, remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-)
1) #EUR/USD (Daily) - Last week, this girl made a bold statement an aggressive move to the upside with higher high of 1.1285 with little re-tracement. So, since you couldn't beat her as a bear, I hope you quickly reverse your position and joined her as a bull :-). This week, there might be a slight re-tracement of 50-150 pips from #eurusd current position.. A test of the upper 1.1350 may occur. Although#eurusd is still in a strong downtrend on a weekly & monthly time frame a much needed short reversal may be looming. If given a bullish opportunity plan to go long (buy) the market at the (1.1130-1.10) range toward the1.1350 and/or above. Expect some consolidation around 1.1370-1530 resistance level. If the pair can exceed the 1.1550 level with a full body candle, it is highly probable that an uptrend reversal has been confirmed & will continue towards resistance level of 1.22 and/or above and hopefully establishing clear up ABCD pattern. If given a bearish opportunity plan to short (sell) the market at the (1.0950-1.0700) range towards 1.0460 and/or below. Depending on your position, expect at least 300+ pips on this emotional roller coaster for this week.
2) #EUR/JPY (Daily) - Expect a re-tracement of 100-200 pips from #eurjpy current position. If given a bullish opportunity around (132.70-133.0) plan to long (buy) this pair back towards the 136.5+ range. If given a bearish opportunity around (129.30) plan to short (sell) this pair back down towards the 126.0 and/or lower range and cancel/replace as needed. Expect at least 200+ pips on this sweet ride for this week.
3) #GBPNZD (Daily) - Last week the bulls dominated the bears mid-week at the 2.0365 level. She definitely stay on her high horse for the majority of the week like the diva she is, before gravity hit. For this week, trade this pair cautiously until a clear pattern has been confirmed. If given a bullish opportunity, plan to go long (buy)on this pair around 2.010-1.99 back up to the (2.020-2.030 and/or above). If given a bearish opportunity, plan to short (sell) this pair around 1.97-1.9640 back down to the (1.94-1.93 and below) Remember to cancel/replace as needed. Depending on your entry expect to ride this wave for at least 300+ pips for this week.
5) #GBPUSD (Daily) - Last week she did manage a higher low as well as a higher high compared to last week. This week there may be a bullish attempt of the 1.56, but take advantage of the if then process for bearish opportunities . If given a bullish opportunity at (1.50-4950) take a long (buy) entry on this pair back up to the 1.54-1.56 and aboverange, but note the the 1.5450-56 has acted as descent resistance in the past so a sell order may need to be considered if the bullish are unable to close above it. If given a bearish opportunity at (1.49-48) take a short (sell) entry on this pair back down to the 1.4620-1.45 and belowrange and cancel/replace as needed. Expect at least 200+ pips profit from this feisty gal this week.
**Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. ** So, I went through the majority of the majors to find possible trend reversal signals and I think I might have found some :-D. Utilize next week as a confirmation week if you wish and ride a possible 500-1000+ pip wave with me. If you are able to get a good entry point, remember to cancel/replace as needed in order to ride the wave as long as possible. Remember to trade counter trends cautiously with reasonable R:R and TP & SL until reversal has been confirmed. Recognizing a "possible" reversal and entering early when confirmed will be key to successful long term trend trading.
As always, remember the trend is your friend until it bends. Happy Trading! :-) Xoxo, Deuces
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