I’m looking at another potential short Loonie play since crude oil continues to take hits. Will this area of interest on CAD/CHF hold? Before moving on, ICYMI, today’s Asia-London session watchlist looked at this correction setup on AUD/JPY while risk-off flows are in play. Be sure to check that...
One of the most frequently asked questions among forex newbies is: How much money should I put in my trading account? The short of it is that, you should only trade money that you can afford to lose.  However, there are also risks to being undercapitalized, so it...
After a slow grind lower in June, downside momentum has picked up in AUD/NZD in July. What’s happening and do the bears still have legs? AUD/NZD Downtrend Setup? AUD/NZD 4-Hour Forex ChartOn the four hour chart of AUD/NZD above, we can see the bears have been kicking butt...
I’m seeing another set of consolidation patterns on the crypto charts, but it looks like bears still have the upper hand. Where are BTC and its peers headed next? Take a look at the latest altcoin charts here. BTC/USD 4-hour ChartBitcoin has breached a major support zone! Price has...
Welcome to mid-week trading, yo! I know you like them trend trades so I got you not one, but TWO opportunities to play today. Check out USD/JPY and NZD/JPY’s charts! USD/JPY 4-hour Forex ChartUSD/JPY is switching channels! After breaking below an ascending channel support, USD/JPY looks committed to...
Volatility picked up quickly this week in EUR/CAD, breaking the pair out of a May and June slumber. Will that action continue with economic updates ahead from both Europe and Canada? EUR/CAD Rally Pullback Ahead? EUR/CAD 4-Hour Forex ChartGlobal risk sentiment has been the main driver for currencies this...
I’m getting another set of early exits on the latest positions, as sideways price action ensued. Did this system catch any pips at all? If this is the first time you’re reading about the SMA Crossover Pullback system, make sure you look at the trading rules and risk management adjustments first. EUR/USD had a...
Who’s up for some GBP trading? See, the pound has reached (breached?) notable levels lately. Take a look at EUR/GBP and GBP/NZD’s charts and see if you can make pips from a trend bounce and a breakout! EUR/GBP 4-hour Forex ChartA few days back, we talked about EUR/GBP...
One of the most popular discussions in trading forums is how much a trader should risk per trade. Beginners and more conservative traders go by the standard 1% to 2% while more aggressive ones sometimes recommend risking as much as 5%. What you need to understand is that risk tolerance is...
It looks like the Delta variant is becoming a serious threat to the pandemic recovery, sparking defensive moves across the financial markets. Could this be the catalyst to push traders back into “safe havens” like the yen? If so, we’re checking AUD/JPY for a potential longer-term bearish play. Longer-term...