Follow these 7 tips to look for high probability trade setups
These 7 tips lead you to high probability trade setups. We look at Hang Seng Index example and why it is high probability with defined risk.
Monthly Archives: August 2014
MACD signals foretell significant correction for Nikkei 225
Nikkei 225 monthly, weekly charts show overhead resistance, multiple bearish MACD signals coming together to predict significant correction.
USDCHF moves up after a WRMB becomes a possible BM
USDCHF completes month 1234 pattern On the Monthly chart, we can see that price has created a 1234 pattern with price completing a WR of point 2 on the close of July 2014. H4 shows completed WRMB and pending BM set up Zooming into the
Dollar pairs gapped at Monday open; forex gaps tell a story
Documents Monday forex gap in EURUSD, GBPUSD, USDCHF, AUDUSD, USDCAD following Jackson Hole symposium. Also covers how to read those gaps.
EURAUD Trade Review, step by step illustration how we profited 170 pips in 7 days
I tweeted about EURAUD. This was a trade with 170 pips profit in 41 hours. Here I am going to illustrate how this trade was formulated (exactly what you learnt in Tflow®) and how to use tweets to help you. #tflow #forex #trade wk33/3
USDCHF – trading big pattern, aiming for big pips
I wrote about EURUSD in my previous post with view that EURUSD could see 1.3050.
USDCHF is usually regarded as the sister of EURUSD, where if EURUSD is down, USDCHF could be up.
Let’s check USDCHF technical picture.
EURUSD technical picture suggests move to 1.3050
Technical picture provides 3 clues that suggest EURUSD may go to 1.305: 1) downward equidistant channel 2) significant 50% Fib-R support not reached yet and 3) pennant chart pattern that points to continuation.