BambooGrowth

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The GBPUSD has gone through a big pullback the last 2 days. GbpUsd formed a head and shoulder pattern, and tested the breakout once and today we might see another test to the neckline. We will be looking for 1 hourly and 4 hourly buy signals today in that support area. We will update our PRO Members of any price action signal today

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The EURUSD rallied today but prices are still below resistance at 1.1250area. Today will be ECB press conference (news), we don’t trade the news but we will definitely take note of it. We’ve seen this trap into ECB before. Basically, EURUSD looks like it is headed higher but then takes out the lows (see December and March ECB meetings) before moving in the...

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As per our weekly forecast commentary, UsdJpy formed an inside bar on the weekly charts. Yesterday it formed an inside bar on the daily graph and a breakdown lower to test the breakout line. (Previous resistance – Now Support). Buy at current levels 109.85 and stop loss 108.59 and take profit 112.69. Good risk reward ratio

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Bearish pin bar in line with trend. Make sure you trade with good risk reward ratio

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Wait for price action signal at 1190 and then go LONG

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As discussed in our weekly forecast, we are still looking for a new low before we will be buying the AudUsd. A Fakey setup formed on the 4 hourly graph at near term resistance. (Mother bar, inside bar and pin bar) Entry 0.7225, stop loss 0.7285 and take profit just above the big support around 0.7100

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The rebound from 1.2910 keeps me looking higher towards the 1.3295-1.3325 zone. Near term support is estimated near 1.2990. 1.3120s may provide interim resistance. Remember to trade with good risk reward ratio

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Falling Wedge breakout - Long with good risk reward ratio

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When a falling (or rising) wedge fails to reverse, price action can be classified as a ‘running wedge’. A running wedge leads to an acceleration in price movement in the direction of the wedge. The running wedge objective is .6584

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AudNzd formed a bullish pin at support. On Friday an inside bar formed (See chart for entry, stop loss and take profit levels). AudNzd trading around year open price, which is a great reference point.

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AudNzd formed a bullish pin at support. On Friday an inside bar formed (See chart for entry, stop loss and take profit levels). AudNzd trading around year open price, which is a great reference point.

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Failed Wedge - Short NzdUsd, next support only at 0.585