GBP/USD at 1.5830 Prepares for 2HR Breakout
The GBP/USD has trended over 700 pips high from its January 2012 low. As price consolidates under resistance, traders will prepar for a breakout scenerio.
The GBP/USD has trended over 700 pips high from its January 2012 low. As price consolidates under resistance, traders will prepar for a breakout scenerio.
Learn About Range Trading During the Asian Session and the Results Those Traders Have Achived.
The USD/CAD has advanced over 180 pips during the last trading week. As the pair takes a directional pause, trend traders look to enter new positions under parity.
If the Longer Term Trends Remain Intact, Buying Dips in an Uptrend and Selling Rallies in a Downtrend can be an Effective Way to Enter a Trade at a More Favorable Price.
USOIL advanced over 15% in the month of February.Swing traders move to take advantage of MACD hidden divergence to enter on a pullback of the commodity.
Hidden divergence takes advantage of price seperating from the RSI indicator. As the EUR/CAD forms a lower high in a 610 pip downtrend, hidden divergence can be a signal for fresh entry positions.
Learn about the symbols of the various currencies along with which are considered the Majors, the Major Pairs and the Cross Pairs.
The AUD/USD has moved in a 512 pip downtrend from the December 2011 high. As the pair creates lower highs, we can use a trend line and Fibonacci retracement strategy to establish new sell orders.
In an earlier article about employing the Fibonacci Tool in your trading, the basics of its use were covered. In this follow-up, I would like to go into more detail about what to look for as the pair “stalls” at one of the Fib levels.
Gartelys are harmonic reversal patterns found using Fibonacci retracements. As the AUD/JPY reaches 86.30, traders eye Fibonacci resistance to enter fresh sell positions.