www.fxtrainingzone.com GBP/USD short trade based on the 4 hour closing of strong belt holding engulfing candle: – Very Strong 4H close below previous support at the 1.6220 zone. – Large bearish engulfing candle which shows strong momtenum to the downside. – 4H arrgessive close outside of the large box range / consolidation period we have been in for just over a month. – 1D placed a bearish engulfing pattern off the new highs. – 1H showing a lower high and lower low, with good angle and seperation of the 8 / 21 EMA’s which indicates good momentum & rhythm.
Forex Trading Outlook – DailyFX News September 23, 2009
Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter. Includes coverage of economic and financial market news, as well as an outlook for the day ahead and trading ideas.
FOREX trading example by Vic Noble January 28, 2011
Have you ever wondered how you might be able to recognize, in advance, a market that is about to reverse? There are technical clues that can really help you do this, and that’s the subject of this week’s weekly trade example.
FOREX Trading | FOREX Training – November 9, 2006
The Bank of England raised rates today… that through the GBP correllation off. It was doing its own song and dance.Therefore, for today’s US Trade Balance release, I focused on USD/CHF and EUR/USD. We used NewsTrader Pro to identify a likely pattern after we got the headline number (better than expected). After it was all said in done, price moved just as it should have. Two trades were ideal. The first was the break of the 5 min candle support for MAP and a second trade at the break of the M4 resistance for much more than MAP. Even an extremely conservative trader had the potential to succeed… twice. Live FOREX Training | Everyday www.fxbootcamp.com
Forex Trading – Breakout Pattern on GBPUSD
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