I'm short the GBPUSD based on 5-minute reversal price action near the round level of 1.4 in confluence with yesterday's trendline. Mike EDIT: out for roughly breakeven, pity it didn't go quite as far as my target.

Mike's EURUSD Trading Room

I'm looking at an interesting short opportunity on the USDJPY, however I'm exercising caution as the price has broken back inside the bounds of the prevailing down-channel. 114.864 or thereabouts appears to be the optimal level to short when looking ...

Mike's EURUSD Trading Room

G'day cTrader support, First off, I'd like to thank you for your team's attitude towards users. It's nice to see multiple modes of feedback, and it's even more pleasing to see many of those suggestions implemented. I have noticed a strange issue ...

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Clean break below the 50% fib level and channel. I'm switching to a cautious approach on the EURUSD from now on. I'll still take long trades if they fit enough criteria, but a downside continuation would appear to be on the books for the early part ...

Mike's EURUSD Trading Room

I still haven't entered long on the EURUSD, but the value is getting better and better. The price is edging closer to the magic 50% fibonacci level in confluence with the prevailing trend. I've been seeing better entries on other pairs, but as soon ...

Mike's EURUSD Trading Room

Potential short trade opportunity on the USDJPY opening up. 15-minute price action looking to close as a reversal candle, right below the intersect between two channels and still below the 61.8 fibonacci level. Mike

Mike's EURUSD Trading Room

I didn't end up taking the long on the EURUSD last night and instead opted to short the USDJPY (mostly to dodge the EUR and GBP given yesterday's drama). I'm seeing great value in the EURUSD now for long positions, particularly at the 50% fibonacci ...

Mike's EURUSD Trading Room

Planning a long trade on the EURUSD, based on the 61.8% fibonacci level in confluence with 1.105 and a flip zone created by a previous high. Mike image

Mike's EURUSD Trading Room

Quick post on the GBPUSD. This is obviously likely to be the highest volatility pair today. My main guiding channel (green) has been properly broken to the downside now, but the price has fallen very far and we're being offered pretty great value ...

Mike's EURUSD Trading Room

Finally! My patience pays off... I could've held for longer but I'm tired and feeling very much ready to call it a night. +48.4 pips. Very content with my resolve to hold this one. Mike image

Mike's EURUSD Trading Room

Bit of a mentally tiring trade on the GBPUSD at the moment... Decided to go for more than the usual 25 pip target given the price's position at the top of the current channel and the obvious supply and demand imbalance. I could've taken 35 pips of ...

Mike's EURUSD Trading Room

Follow-up to the USDCHF chart from the other day. The price has reacted very nicely to the base of the red channel. It's now looking at a re-test of the green trendline. 4-hourly price action certainly looks to me like we'll see an at least small ...

Mike's EURUSD Trading Room

Finally, the USDCHF looks very set for a technical long position from the daily chart. Last night would've once again proffered better entries but it still certainly looks like an upside move is imminent. Note that the retail sales data may allow an ...

Mike's EURUSD Trading Room

The USDCAD will be a great pair to watch today. The downside channel has been very much broken however take good notice of the area circled in blue. The price didn't make a whole lot of ground on the upside relative to its previous highs and showed ...

Mike's EURUSD Trading Room

Depending on how the hourly price action winds up there could also be a very excellent short opportunity on the GBPUSD soon. The channel is a bit loose (price action has stuck to it but blown out either side quite frequently) but the confluence of a ...

Mike's EURUSD Trading Room

It's such a shame I wasn't able to trade yesterday - the EURUSD has finally hit the top of my upwards channel. I'll still look for shorts from round levels if there is another move to the upside, but the ideal entry really would've been at 1.3650 ...

Mike's EURUSD Trading Room

First trade of the night was a short on the GBPUSD. Took 23.2 pips right before the Fed decided to hint at future rate hikes in 2016, driving the price further down. The USD will be looking very strong until this news is fully priced in. I'm going ...

Mike's EURUSD Trading Room

Ended up with a pretty up and down day yesterday, took a few hits and finished off with a big short on the GBPUSD from 1.450. It worked rather nicely... (+25 pips) I ended up a bit over break even. The EURUSD is reacting to a round level at the ...

Mike's EURUSD Trading Room

I'm in long on the GBPUSD from 1.440. Entered without confirmation on the round level as it has confluence with both a 15-minute demand zone and upward channel. The trade correlates inversely with the USDCAD, which is sitting at an equally important ...

Mike's EURUSD Trading Room

Likewise, the GBPUSD has respected the downside of yesterday's channel and is now pushing into higher territory. I'm planning a short position around 1.450. Mike

Mike's EURUSD Trading Room