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AUDUSD – Approaching Key Resistance

AUDUSD – Aussie/Dollar As discussed in our Weekly forecast, AudUsd is busy carving out a potential Bearish Cypher pattern. So far all the rules have been met, last rule is to sell at point D (See here the rules of Engagement) We are looking for a last push higher (bigger exhaustion top) near 0.7620. A […]
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AUDNZD – Trend with Benefits

AUDNZD – Aussie/Kiwi AudNzd bullish momentum still intact.  After the falling wedge and potential inverse head and shoulders… Remember our inverse head and shoulders pattern? We traded this at the possible right shoulder, and this trade is still alive. See our cheat sheet here – Head and shoulders pattern Audzd currently busy with wave 4, and […]
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EURAUD – Falling Wedge

EURAUD – Euro/Aussie EurAud formed a Falling Wedge Triangle.  See how to trade triangles here… Cheat Sheet EurAud completed the Wave theory 12345 waves, and busy with a corrective abc pattern.  Its a deep c leg correction, not ideal but still valid whilst above 1.4080 Two ways to trade this falling wedge Long entry at […]
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AUDJPY – ABCD & Wave Count

AUDJPY – Aussie/Yen AudJpy wave count is perfect, 5 waves down and then corrective abc. And the corrective leg c comes in at 61.8% retracement of the 12345 pattern down, which makes this an ABCD pattern. Currently at leg CD, Point D should be lower than point C. Point D minimum target will be 82.70 […]
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GBPUSD – Trump Opportunities

GBPUSD – Pound/Dollar The Cable took out key support 1.090 (as discussed last week), that was also the triangle measured target. Yesterday’s low was 1.2037 and then ripped over 200 pips to form a bullish pin bar.  Near term support comes in at 1.2160/170 and resistance comes in at that descending channel 1.2500 Long GbpUsd […]
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EURUSD – Counting on Trump

 EURUSD – Euro/Dollar Its been a while since we’ve traded the EurUsd.  EurUsd formed a bullish pin bar on a near term support level. Levels are working out very well here, with a low just below 1.0466.  The strong response at the level favours the ABC interpretation.  In other words, the 3rd leg within a […]
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GBPJPY – Head and Shoulders

GBPJPY – Pound/Yen GbpJpy closed below the neckline and confirmed the head and shoulders pattern.  See our cheat sheet on Head and Shoulders here… After a confirmed head and shoulders pattern, we would like to enter at the retest of the neckline.  We won’t try and chase here, rather wait for the retest of the neckline. Neckline […]
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Gold – Going for Gold in January

XAUUSD – Gold Remember our seasonal tendencies analysis on Gold? See the analysis here again… This is what we said in summary: Remember the seasonal tendencies indicated the following (the last 3 years) Lows in Gold is in December (Low already in place) November/December Low is always lower than June/July low (Spot on) Usually new […]
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EURGBP – Reversal Pattern

EURGBP – Euro/Pound The head and shoulders pattern is by far our favourite way to trade reversals in the Forex market. They don’t come around often but when they do the profits can be considerable.  See our cheat sheet here – How to trade the Head and Shoulders Pattern EurGbp currently trading at a possible right […]
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NZDUSD – Hourly Chart Gartley Setup

NZDUSD – Kiwi/Dollar See our previous analysis on NzdUsd, we remain bearish to target the point D in the ABCD Pattern. On the hourly chart NzdUsd is busy forming a Gartley pattern, which is bearish. See here our detail rules of engagement on how to trade the Gartley Pattern. Sell NzdUsd at current Prices 0.6950, […]