Our 4h trade worked perfectly last night and today. Can we piggyback off of some newly formed 1h zones and take another long position? I talk here about a potential layered entry.
Here is a quick overview of upcoming reports, the USD Index and our 7 Forex Majors to start this week's trading. Happy trading everyone!
Daily sideways trending has provided small moves for this currency pair. Looking to potentially go long around the 200-bar MA on the 4h TF.
Currently in two different trades with the US Dollar, the USDCAD long as well as the USDCHF short. Here is an update on these trades.
Nice work on these three trading opportunities that were mentioned earlier this week. Total account growth off of these three trades so far is right at 2.5% with one trade still running.
Be aware of CPI! In this video, I talk briefly about a 4h shorting opportunity and a 1h long opportunity. Safe trading everyone!
A look at some black gold, Texas tea. Check your prices and match the zones.
Be careful trading the news! Or better yet, don't trade the news! Either way, here is what I see when we examine gold this morning.
A brief overview of the Forex trading week looking at the 7 US majors.
Check out this shorting opportunity on a 4h timeframe. Be careful if you are in this trade around the mid-week USD reports.
If you are still in our long from last week then you have had some nice profiting from the trade. Price has been consolidative so far and may remain just that until closer to Wednesday's CPI reports.
A closer look at this minor currency pair shows a congruence of multiple key levels and indicators. Is all of that enough to keep the zone from collapsing?
Up, up, and away when it comes to crude oil prices. Today's Saudi and Russian announcement of continued output cuts boost the price immensely. I see very little standing in its way as we continue to use more oil than we are producing. If we have a retracement we look to potentially buy the dip.
An update from yesterday's analysis finally closed below our yearly low mark. Price has since retreated from that low with some bids in play but is it enough to get above the swing area to make our shorting opportunity playable.
ISM data being released at 10 am EST adds volatility to our pretty flat week so far. Be careful as this would be a counter-trend opportunity.
ISM data upcoming this morning at 10 am EST. Shorting opportunity is still in play from yesterday with an additional area to look to buy. Be cautious around news release.
Strength on the day might just leave us closing out above an early summer high.
1h Buy opportunity in video playing off of last nights strength and this mornings European closing.