USD resuming uptrend. Forex pairs at support for forex trading.
USD resuming uptrend. Forex pairs at support for forex trading. Analysis into Dollor Index, USDJPY and XAUUSD for some forex trading opportunities.
Forex Trade Diaries
Is EURGBP a good short? Consider 2 criteria
Good short fulfils two criteria: Price meets resistance. Price makes reversal pattern. Based on these criteria, shorting EURGBP is not a good bet. Member section (login required) with further elaboration below.
After ECB last night, this EUR pair is finally showing some movement
After EURUSD moved down, this pair starts to show signs of movement too.
My planning for WTI depending continuation of this pattern
Log-in required. WTI is downtrending since the last 2 weeks with clear lower low sequence and almost equidistant retracement. We are looking at a repeat of this price action and critically inspecting H4 chart.
My planning for USDSGD in multiple time frame charts
Last Friday close shows a bearish expansion in USDSGD. Lined up in daily, H4, and H1 context, you can see why. If a short signal appears, it is following Double Top logic. However, a bullish 1-2-3-4 could appear later on daily time frame (after a short is completed). So we are going to be careful about where to close our short because once 1-2-3-4 appears, there may be a plan to go into a swing long mode.
