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Day 12/09/2016

The pair finished last week on a bearish note, dropping through 1.1240 support and touching the 50 period Exponential Moving Average. This type of movement will likely trigger an extended fall after a bullish correction.
After the failed attempt to reach 1.1340 resistance, the bears took over and managed to establish their control over the pair. If they manage to close a full candle below the 50 period Exponential Moving Average, we expect the pair to head into 1.1185 but a break of this level i…
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Modello ribassista: coppia, pronta a continuare a cadere

Analysis on AUDNZD 28.06.2016 Tuesday, 28 June 2016
The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
Average in the MACD is at the zero level.
The oscillator Force Index is below the zero level.
If the price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.0400
• Take Profit Level: 1.0270 (130 pips)
If the level of resistance is broken, you shall follow rec…
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EURo

Technical
Monthly
Reversal candle that we've discussed last time has become even greater and has increased its reversal quality. As we have said previously - EUR right now shows many bearish signs, as mentioned reversal candle, inability to reach YPR1 etc.
Now short-term sentiment shows that US rate hike expectation has dropped, but not drastically and summer rate change is possible. Impact of previos poor NFP was mild and many analysts expect high NFP data on June.
Currently EUR stands at ra…
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yaritza2 avatar
yaritza2 27 Jun

thank you!!!

yaritza2 avatar
yaritza2 28 Jun

Of all the characteristics a good trader may have, patience is at the top of the list. Alongside prudent money management, in-depth analysis and discipline, the exercise of patience can make or break your trading results.

So what specifically do I mean by ‘patience’? I mean both the patience to wait for high probability, ‘easy’ trades, and also the patience to let them run to target provided you still have high conviction in the trade (see the article I wrote on beliefs in trading).

Let’s start with the patience to wait for good trades. Trading opportunities do not arrive in a consistent

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