wash N rinse Archive

Natural Gas wash n rinse move reveals real resistance

Natural Gas head and shoulders reversal chart pattern is still intact despite failed rally last week. After that wash out move, real effective resistance is revealed. Am looking for move to neckline.

Time for an evaluation of every trade

This is an end of Wk14, beginning of Wk 15 appraisal of the market. I am looking at the AUDUSD, EURUSD, XAUUSD, China A50 and a couple of other trades written about in the past 2 weeks.

Jump or fade? Breakout signals/triggers in forex market

Breakout trades explained. We discuss breakouts as a trade signal/trigger, why there are two strategies: to jump a breakout or to fade or trade against one.

DXY is now parked at this support so now what?

Now that DXY is parked at 100 (which is very significant), two camps of traders will be looking at 1) trend continuation 2) reversal. But wait! There is a third possible outcome.

Post-USElection2016 trade setups to look at

A look at trade setups in AUDUSD, NZDUSD, Nasdaq and XAUUSD. All 4 qualify as potential bearish reversal sell setups pending price signal and confirmation.

Beware crude oil prices signalling correction coming

Rising DXY could be signalling crude oil weakening especially since WTI and Brent are both at resistance. I discuss the signal in WTI to look out for.

Week 31 forex wrap up NZDUSD and USDCAD

The reversals in NZDUSD and USDCAD that were anticipated and discussed earlier this week is now bearing fruit after NFP data in favour of USD strengthening. These are big patterns that could lead to big moves.