As you can see from the attached 4 hour GBPAUD chart, the 20EMA did a fairly good job of holding up price since 05 November. Dips below the 20EMA were not deep and did not last long either, indicating that the bears had no strength.
This seems to be changing now as evidenced by the pin bar of…Continue
Having missed some of the recent run on USDJPY, my thought was damn, another opportunity lost!! But they say that the market usually gives you a second chance to hop onboard. This is what I think I am seeing in the chart below.
How much lower will price get to, I have no idea - perhaps to my horizontal green line. But my thought is to watch the 1 hour chart and take my cue from there since I do believe that the bull run is far from over.…Continue
You all have seen price action on CHFJPY just now - price shot up to beyond its highs and then bounced off the monthly resistance level. When you see this happen at significant levels you must be alert. It is possible that smart money actually wants to bring the price down and is influencing and manipulating it to go high instead.
Why do they do this? Quite simply if they want to sell they need to have buyers to sell it to. So pushing price up does 2 things - Firstly…Continue
I wonder if anyone else has noticed but this is a fact. It used to be customary for trade related blogs to be based on some analysis showing why a trader thought price would move in a particular direction. We used to see charts and explanations and this generated a lot of debate and exchange between members was healthy and sometimes even became heated. But the result was good quality content.
It is therefore unfortunate that sub standard content is now being encouraged. I see…Continue