A pair I have been watching for a long time now is AUD/NZD. This pair fell from highs of around 1.37 back in 2011 and if we look at the monthly chart, it has been winding sideways over the 7 years! December printed a long tail pin bar and January has so far continued this […]
We have a potential reversal on the weekly chart of the EUR/JPY. It may be worth keeping an eye on the lower time frame charts this week, such as the 1 hr or 4 hr to look for a break of an early pull back that will signal the continuation of last weeks bullish run. […]
I always look at the long term charts to watch for the reversal so that I can align myself with the ‘tide’ of the market. I have been keeping a close check on the GBP/USD pair over the last few weeks and it is looking like there is an opportunity to go long here. In […]
As the title says, the EUR/USD weekly chart shows a nice Bullish Engulfing bar on the weekly chart. This could be a potential Forex trade set up for the coming week. The exciting thing about this particular set up is that it is at a key level… EUR/USD is at the same level that it […]
Bitcoin this week has made a interesting move this week and after defining a good support line a few weeks ago (the upward sloping line of our triangle), it has now come back to re-test this support level. In fact it has left a perfect pin bar with the long tail just kissing the support […]