Price action trading using 100 day SMA

Perfect price action trade setup using 100 day SMA

Posted on Posted in Strategies

The perfect way to trade the 100 day SMA in forex  Everyone wants to become a profitable trader in the forex market but very few of them can actually achieve success in the long run. The novice traders always search for the perfect trading system in the market and end up by losing a huge Read More

Technical analysis

EURJPY hitting trendline resistance level | 27th April 2017

Posted on Posted in Technical Analysis

EURJPY technical analysis: Short entry triggered | 27th April 2017 First critical Resistance: 122.06 (Trend line resistance) Second critical Resistance: 124.07 (High of 14th December 2016) First critical Support: 117.80 Second Critical Support: 114.85 Overall Sentiment: Bearish ∇ The EURJPY pair formed a nice bearish pin bar after hitting the bearish trend line resistance level Read More

USDJPY hitting channel support

USDJPY bounce off from channel support level | 23rd April 2017

Posted on Posted in Technical Analysis

USDJPY technical analysis: Possible bullish move | 23rd April 2017 First critical Resistance: 110.06 Second critical Resistance: 112.20 (Channel resistance) First critical Support: 108.10 Second Critical Support: 107.40 Overall Sentiment: Bullish Δ The USD JPY pair sharply fallen in the descending channel support zone and after hitting the critical channel support level at 108.10 the pair Read More

EURUSD latest technical analysis

EURUSD testing critical support level | 8th April 2017

Posted on Posted in Technical Analysis

EURUSD technical analysis: Hitting critical support level | 8th April 2017 First critical Resistance: 1.06446 Second critical Resistance: 1.09050 First critical Support One: 1.05834 Second Critical Support: 1.05383 Overall Sentiment: Bullish Δ The EURUSD sharply fall in the global market in the last week despite the negative U.S data and the pair ended up by hitting the Read More