Hi,

I see a triangle on the 4h chart for CAD and it seem to me that the direction is quite uncertain. Buyer and seller are fighting against each other violently.

Could there be a outbreak up or down? Maybe not this week but next ?

I got no idea now.

Attached Images

CAD_USD 1H.JPG (70.5 KB, 186 views)

Hi,

Drew two strong resistance lines on EUR. If the head and shoulder still valid then I will try to short EUR after it hit the resistance.



Keep watching closely.

Attached Images

EUR Daily.JPG (65.9 KB, 183 views)

Hi,

Today is the "big" day of the month where an important news will be released in a few hours time.

Looking at the current chart of the 4 majors, the movement now is a bit slow. I don't dare to enter any intraday trade now till more tell tales sign appears.

Hi,

After the NFP, the cable went uptrend.

Today, if the price continue to stay above the PP, adx moving uptrend and price breaks the Friday's high then I might consider to long cable.

Of course, the stochastic and RSI must be in the uptrend also

let wait and see.

Attached Images

GBP 1H chat.JPG (58.3 KB, 151 views)

Hi,

Due to the ADX is still on the high side above 35 level, I see that these two pairs might want not be ready to trend for the time being. More setup are needed to support the trend. E.g. Stochastic and ADX and breaking through the daily high (EUR) and daily low (CHF).

Wait for a better criteria before enter the trade.

Otherwise, if today is a choppy market then one might get "slapped" many times and lost monies.

Hi,

As mentioned earlier, the market might be choppy.

EUR, this pair has gone up slightly but still choppy. In general, I still see EUR will be in the uptrend.

CHR, this pair is almost flat. But look at the ADX it has gone down for quite a bit and the stochastic has gone up quite steadily. Therefore, get ready to look for more tell tales sign.

As for CAD, this pair is hopless.

Though looking for trend market is important but learning how to identify choppy market can aviod a lot of bad trade.

Attached Images

CHR 1H.JPG (49.6 KB, 131 views)

That's a good and clear signal....

__________________
Nic
Change $300 to $300K Free Forex Strategy Communication Items

Hi,

I have put up two swissy chart:

1) Hourly
2) Weekly

For the one hour chart there is a possibility of trend today. This is because the daily hi and lo is so small and the ADX is below 35 level.

However, for the swissy to contnue go downtrend might be difficult as it has a very support support to encounter (look at the weekly chart). Swiissy is know to have formed a closing wedge for a long long time, so this become a strong support.

Need to be careful if you short the trade. Today, the criteria for enter trade shall be ADX move uptrend and breaks the daily hi or lo. The stochastic need to be coincide with the trend.

Attached Images

	CHR 1H.JPG (50.1 KB, 106 views)
	CHR 1W.JPG (51.0 KB, 108 views)

Hi,

I have attached the daily chart for cable below, currently the price movement is staying at fib 61.8% with a doji formed yesterday. This could be critical. because the price will either retrace at this point or continue to go up.. If there is a trend today then there shall be more clue on that.

Attached Images

GBP 1D.JPG (58.3 KB, 103 views)

Hi,

Today's trading is interesting, both GBP and EUR have went uptrend. As for CHF, it cannot go further down as mentioned earlier because of the strong support. However if it really does the closing wedge will break and astrong downtrend might follow.

Let wait till the week end for more tell tales sign. Personally I think it would be risky to take longer period position on this pair, scalping would be the best.

Good trading for the day.