Forex Price Action and Ichimoku Setups June 20th
EURUSD – Kumo Window coming up Looking at the 4hr chart below, the EU pair is approaching a kumo window along with the 50% fib of the last downmove which began a handful of pips short of the 1.47 handle and eneded sub 1.41. Since breaking the 1.41 handle, the pair immediately without delay, posted an outside reversal (or outside candle) taking out the prior candles losses, then the...
Read MoreForex Trade of the Day July 13th
NZDUSD – Impulsive in Strength After forming two PBars making higher lows each time, the pair has gotten impulsive breaking 7000. From here it formed an upward sloping wedge which meandered into the 20ema to use it as support and launch again higher breaking the 1 month highs. These highs at 7150 become interim support and 7100 offers a really solid base for a move higher. We suspect...
Read MoreNew Website Live
We are happy to announce our new website is live. Over then next week we will be adding more content and striaghtening some bug. Please let us know what you think. Thanks, The 2nd Skies Team
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