3/2. Price action continued to a maximum high of .9147 – a move of +350 pips from Mondays open with the move testing the 2 red trend-lines and yellow target zone shown on previous charts.
[The forex alerts and charts are protected for Trader Membership members only. Join us to see all content]
26/2. Eur.Gbp moved higher after a 123 pattern followed by a TL break-though on the daily chart. Bull Flag mentioned on 23/2 with ‘pop’ on yesterdays candle.
[The forex alerts and charts are protected for Trader Membership members only. Join us to see all content]
Eur.Gbp just missed the first target line of the zone (.8845) by 5 pips. We took some profits last night before closing up and put the balance with stop at +20. It would appear the market didn’t like the ‘Greece’ news, and as I said earlier in the week – buy the rumour – sell the fact.
[The forex alerts and charts are protected for Trader Membership members only. Join us to see all content]
The maximum on this so far has been around 80 pips and a number of members have been taking various and multiple amounts. Before I finish analysis of the charts and complete todays round up I know many members are anxious to see the updated chart.
Last nights action tested the
According to comments and e-mails a number of members day traded/scalped this yesterday for a maximum of up to +45 pips.
[The forex alerts and charts are protected for Trader Membership members only. Join us to see all content]
There was a great trade with this pair last week and a maximum of around +100 pips (see last weeks chart).
If anyone knows or remembers about the Read more…
We don’t often look at this one but a member requested information so here is the chart and a few thoughts. Potential appears for a test of the broken TL and a run to the Kumo (Senkou A) or further probe. 1H chart is bullish on Ichimoku elements, higher time frames are not confirming as yet.
Hello Friends
I ended up +246 green after a roller coaster ride on my weekly system with which I have been trading the Gbp.Jpy/British Pound. Several stop losses got hit with the wild gyrations of the early week leading to initial losses. The markets movements have clearly changed and due to this I have now taken some additional measures that should minimize the risk with these trades. These will be implemented from next Monday, and this will mean the ‘Weekly Signals’ with entries and targets will appear on the blog later than normal because I will be waiting for additional confirmation.
Best trade set-ups of the week were GBP.JPY 150 pips, EUR.JPY scalp (max 150 pips) and USD.CAD scalp (Max 118 pips)
I also looked at potential trades in Gold, Silver, Eur.Gbp, and Usd.Jpy, none of which have set up properly as yet. I will look at these again and others over the next few days.
Join me next week as I do battle with the wonderful world of FX
Good weekend all – Arco
Several pairs are setting up for potential moves, but I am waiting for the right moment to get on-board.
Eur.Gbp is another pair where an opportunity could occur in the short term which could result in 100-200 pip move. The Chikou Span has broken through the plot on the one hour chart, so I will be looking for some form of rejection/reversal at the H4 Tenken Sen where there is also Kumo resistance.
Eur.Gbp H1
