If it breaks that channel, the next area of resistance is 1.3468-1.3473 (daily Confluence resistance). That is much stronger and my preferable for establishing short positions.

EURUSD

Thanks mate. Just wanna make sure that we are trading correctly and not base on hear says. It is better to make your own judgement in price action and overall sentiments in the market to trade efficiently.

EURUSD

Hi Damo, You are not wrong, because there are overwhelming carry trade traders who are buying on dips. But there are also insti traders who are determine to bring down this pair and also commercial traders who are hedging with regards to US$ ...

AUD/USD

Another good Carry Trade is AUD/JPY. Check with your broker with regards to the percentage they are giving for long trades. Be mindful of the overnight swap or rollover rates. Different brokers operates differently. Cheers!

AUD/USD

EURUSD — Hi Guys, I am quite concern with traders here whom is shorting this pair just now. I believe this is just a pullback from a major downtrend. Please view the chart as attached below:- 1) Currently there is candle pattern formation ...

EURUSD

AUD/USD — I have been trading this pair aggressively. I wouldn't disagree at this moment of time with regards to the H&S pattern in daily time frame. However, I will discourage traders to go short right now because of few things - 1) Today is ...

AUD/USD

I am more bias to 3350. This is where the 100SMA in daily charts coming in. Happy pipping.

EURUSD

Thank you. The bat is forming. However, if doesn't bounce off 1.3621 (23.6 fib level), then it should retrace deeper.

EURUSD

Which timeframe — I saw butterflies in H4 and D1.. which time frame you are referring to..

EURUSD