EURUSD & AUDUSD – Keeping A Close Eye

Hi Readers, This is just to let you know that I’m keeping a close eye on these pairs. As mentioned on my weekly commentary, there are some nice opportunities coming up on the majors though we’re not quite there yet. (Click on image for Larger View) EURUSD – I’ve love to see a pullback to…

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Weekly Trade Commentary: 11th Nov 2012

Related Article: Commentary on 4th Nov 2012 In line with my commentary last week, the US Dollar continues to strengthen after making new highs this week. While my view is long, the dollar seems slightly over extended, I’m expecting a pull back (if any) before taking any action. With that, my view is that there is EURUSD,…

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Triangles are Powerful Trading Patterns

Related Articles: AUSUSD in a Triangle: Wonder Where It’ll Breakout To EURUSD Indecisive Mode The following charts are: AUDUSD on 60min chart (Click on image for Larger View) EURUSD on a 4 Hr chart (Click on image for Larger View)   This is just a quick email to follow up on the 2 Triangle Patterns…

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AUSUSD in a Triangle: Wonder Where It’ll Breakout To

Related Article: Weekly Trade Commentary 7th Oct 2012 As I write this article, AUDUSD is forming a Triangle Price pattern (see Chart below). There is indecision in the market as the Asian session is less liquid. More importantly, this pattern is just proving my point (which I made in my Weekly Commentary 7th Oct 2012) that…

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Weekly Trade Commentary: 7th Oct 2012

Related Ariticle: Commentary on 30th Sept 2012 Last week, the USD Index showed a decent short continuation pattern which respected a downward trendline. My current bias is short based on that and I’ll use this to find trade set ups for the Majors and Minors. My watch list for this week is: AUDUSD – Price is…

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AUDUSD Bounces like a PingPong Ball: Range Setup

(Click on Image for Larger View) Hello, The above shows a 240min chart for AUDUSD from the 8th-27th Aug 2012. As you can see, the price of AUDUSD was bouncing like a Ping Pong ball (Green arrows) on the 8th, 16th, 17th, 21st and 22nd, moving between both Support and Resistance price levels. I’ve not…

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