The Ichimoku Report Nov. 30th
EURUSD Bouncing off the weekly Tenkan and keeping true to the pattern to date, the pair has yet to close below the weekly Tenkan since April so anyone loking for a buy should target bounces off the Tenkan while taking profit at thte 1.5000 level as price has yet to actually close on any weekly basis above this level. However, if the Tenkan has its way, it will force the pair to do so, hence we...
Read MoreThe Ichimoku Report Nov. 22nd
EURUSD Showing an inability to have a weekly close above the 1.5000 barrier, the pair has had now 4 rejections on a weekly basis here. We feel this week or next is the decider for the next leg on this pair. A close above 1.5000 increases prospects for a year end push while a close below the weekly Tenkan (has not happened since April) would likely send the pair towards the 20ema just above...
Read MoreThe Ichimoku Report Nov. 16th
EURUSD Not quite trotting in place like a show pony but being rejected at the new highs while making mild gains on the week, the pair has yet to close above the big figure at 1.5000 which we feel is the first requirement for new buyers to come in. The 2nd requirement will be breaking a closing above the yearly highs at 1.5061. If these two events should occur, then we expect a run up to...
Read MoreExcept from the upcoming book (Price Action and Pivot Points)
Taken from the chapter Black Holes and Pivot Points: According to the General Theory of Relativity, a black hole is an area or region in space possessing a gravitational field of immense power that nothing can escape its pull once its reached a certain distance from it (the Event Horizon), not even la luz. It purportedly features an invisible inside or interior which begs the question as to how...
Read MoreWeekly Ichimoku Analysis Nov. 9th+
EURUSD As we wrote last week, anyone looking to get long could use the weekly Tenkan line which held, rejected the attempt at lower prices, and have since pushed the pair back up within 70 or so pips of the yearly highs. Although some warning should be had in the fact two weekly candles still have not erased all the damage from the sell-off two weeks ago, the bottom line is only a break and...
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