Today was all about patience. Come 9.30am this morning we saw little activity in the markets that took our interest, so we looked at the longer time frame opportunities turning to the 4 hour charts. Shortly after we sent out 3 trades for our VIP members. By showing patience and not entering the market it...Read More
AUDUSD Seasonal weakness set in from the start of the week as price broke the previous daily low and fell back in the weekly channel. Continue to look for intraday sell set ups this week. Daily traders wait for Phase 2 which is more likely to happen after another push by sellers this week. ...Read More
GBPUSD Price fell and bounced back up again for the fourth time off the lower daily trendline. Commercials increased their long positions again and Spec shorts are quite high also. There is clear run now till the end of the month in terms of central bank meetings (FED and BOE) so I favour a further...Read More
This week we have picked our top trading opportunities of the week, looking at DXY, EURUSD & USDCAD DXY Sellers pushed price down to the Daily 200 SMA and Monthly S2 Pivot as highlighted in last week’s analysis before pulling back into Daily Phase 2. Higher revisions in US retails sales data on Friday sent...Read More
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