Third test of channel support seen on the 5 min, a minor break below, let's see where the hourly candle closes. A close below opens the door to 7140 then 7120 area Classic price action, as I was posting this, immediate 13 pip pop right back to the ...

AUD/USD

Well, there was the expected bounce of about 13 pips, now its game time, lol Also, on Monday there are some Chinese PMI numbers as well as the RBA cash rate decision. No changes expected but probably will see a bit of increased volatility. For now, ...

AUD/USD

Interesting area to see what type of price action we get. Nice pin bar on the hourly initiating sell off back to channel support. Will bulls be willing to hold long positions over the weekend? A late week rebound in equity markets gave a bit of risk ...

AUD/USD

Simplistic view. Daily chart support now resistance, 15min chart market makers making extra sure they blow all up short stop losses at key resistance area I need to be more patient and let the trade come to me, short at 7157 Green pips to all

AUD/USD

Well, it's not my bounce it is just price action which is out of my control. Sounds like you are an MMA fighter "taking price down" to the mat for submission to your will. I wonder if price will "tap out" when it gives in to your strangle ...

USD/JPY Discussion

Thanks! Nothing complex just the Fibonacci retracement and the Relative Strength Index (RSI), and of course pivot points The trend lines and channels are just hand drawn, not random, but no set in stone, certainly subjective on my part. I am looking ...

USD/JPY Discussion

High probability for a bounce. Let the trade come to you. Long @122.85 looking for a bounce to 123.35 with tight SL @122.70 RR a shade better than 3:1 Monthly Pivot - 122.91 Daily S2 - 122.81 50%FIB - 122.84 TL 4H RSI below 20 Daily RSI Below 30 ...

USD/JPY Discussion

Agree to disagree then. Same scenario as last time....price trading right into the top of the descending trend line and 200MA. The bargain is on the bottom of the triangle, not the top

AUD/USD

Have confidence

EUR/JPY

I agree that the potential is likely to the upside, just would rather be on the sideline for now

AUD/USD

Or at least wait for a break up through the descending triangle and 200MA on the 4H, otherwise I wouldn't be jumping on the buy bandwagon just yet. See unsophisticated chart below

AUD/USD

So if 77 was a bargain (of course that was the beginning of a 500 pip drop), then I guess now is the buying deal of the century? Sell the rallies until there is a clear reversal in trend

AUD/USD

Wow......270 lots!!! Must be the new long indicator

AUD/USD

For bigger accounts, maybe not a bad idea but the weekly Doji suggests that big money might not be ready just yet. IMO, the main two issues as you would expect are China and commodity prices, gold in particular. The recent Chinese stock market ...

AUD/USD

73?? I am assuming you are joking. IMHO, 73 is a long way down the road, maybe sometime in 2016. I say we see 60-61 before the end of this year but then again I say a lot of stupid stuff

NZD/USD

MM's transcend time and space, that is the universal chart

NZD/USD