Forex Trade Signals and Setups Feb. 22nd
EURGBP – Makes New Yearly Highs After starting off the year being voted most boring pair to trade for Jan. and Feb., the EURGBP has woken up out of its slumber by the bulls on parade which today have taken out the yearly high and key resistance at .8407 with a closing print of .8456. This is a strong breakout bar with good clearing distance suggesting this is the Real McCoy (at least for...
Read MoreForex Trade Signals and Setups Feb. 21st
Silver – Pinbar False Break Played Out Well Silver has been stuck in a very contrived range since Jan. 26th confined within a $1.50 range for a long time. However, on Thursday last week a Pinbar False Break formed off the range low which was actually ideal, as it broke the range low, but then created a false break and eventually a pinbar. This trapped intraday traders who went short on...
Read MoreForex Trade Signals and Setups Feb. 16th
GBPUSD – Explodes to Take Out 20ema After consolidating for the first few hours of the London open, the Cable in a matter of a few hours shot up almost 150pips in early NY trading. This is the first time it has closed above the 20ema on the 4hr time frame since Feb. 13th, where it shortly after closed below and resumed the downtrend as noted in the chart below. This time however, we...
Read MoreForex Trade Signals and Setups Feb 14th – Chris Capre
AUDUSD – Possible Breakdown After posting an impressive 600+pip gain for the year, the pair has posted its first 4 out of 5 day bear close along with its first touch of the daily 20ema in over a month. What should be noticed is how price rejected off the daily 20ema almost to the pip, then closed up 60+pips off the lows. This makes the rejection off the 20ema larger in price action then...
Read MoreForex Trade Signals and Setups Feb. 8th
AUDUSD – Coming Into Lofty Territory, But… For the year, the AUDUSD has had an impressive run which shows in the numbers; -19 Bullish Daily Closes (out of 29 or 65% Bullish Closing Ratio) -Only 2x Were a Bearish Close Followed By Another Bearish Close (1st week of the year) -Since then, every single Bearish Close has been followed by a Bullish Close -Only 5 Out of Those 10 Bearish...
Read MoreForex Trade Signals and Setups Feb 7th
EURUSD – Breaks The Stalemate After holding the 180pip+ range for the last 12 days, the EURUSD has finally broken the stalemate. We actually just wrote yesterday pointing out some intraday clues as to why we thought it would break out north and this scenario ended up playing out. What should be noted from a price action perspective is the nature of the breakout and the key points to be...
Read More
Comments