Monthly Archives: July 2014

Gold has been consolidating, how can we trade it?

Gold had a bullish expansion in June and after that, price has been consolidation and retracing. This retracement is towards a support (see chart below)   On D1, it seems to be mapping out a 1234 pattern, but this 1234 produces hardly(in d1) and very


Bias is still Up for AUDJPY

Received a few questions from students on this pair this week. Mostly the consensus seems to be looking for a long. Let’s see how we arrived at this conclusion. AUDJPY Big Picture on Weekly Charts There is a 1234 downflow pattern seem (This is also


GBPUSD meets support resistance at 1.71: how to trade it?

This support resistance is very significant; price fails GBPUSD met a very important price level. This level at 1.71 is a very long term support resistance level that goes back at least two decades. It is very similar to a situation that USDJPY found itself