Rebounded Off from Resistance Turned Support Zone, Retracement channel completed, Long USDCHF, 1st December 2016

Technical Analysis and Market Sentiment: Trading Plan: Long with full risk. Stop loss placed at  30 pips below FR88.6%    . Trade was executed within market hours and  6 hrs before the next major…

Continue ReadingRebounded Off from Resistance Turned Support Zone, Retracement channel completed, Long USDCHF, 1st December 2016

Re-test of Retracement Channel Swing High, Price Resisted Within Major Resistance Zone, Short AUDUSD (Again), 30th November 2016

Technical Analysis and Market Sentiment: I have shorted based on the same setup of a retracement channel completed within a major resistance zone but the trade failed with minimum loss…

Continue ReadingRe-test of Retracement Channel Swing High, Price Resisted Within Major Resistance Zone, Short AUDUSD (Again), 30th November 2016

Major Retracement Channel, Top of Major Support Turned Resistance Zone, Short AUDUSD, 28th November 2016

Technical Analysis and Market Sentiment: The price was seen falling from the top of a major falling channel based on W1 chart and is now resisted at the top of…

Continue ReadingMajor Retracement Channel, Top of Major Support Turned Resistance Zone, Short AUDUSD, 28th November 2016

Consolidation Within Major Resistance Zone, Broken Below Previous Swing Low, Retracement Channel Completed, Short USDCHF, 22nd November 2016

Technical Analysis and Market Sentiment: The dollar has been on the rise for an extensive of time and there is bound of being some major market correction when the rally…

Continue ReadingConsolidation Within Major Resistance Zone, Broken Below Previous Swing Low, Retracement Channel Completed, Short USDCHF, 22nd November 2016

Rebounded off from Major Support, Major Retracement, Breaking Above Previous Swing High, Long EURUSD, 22nd November 2016

  Summarized Technical Analysis and Market Sentiment: EURUSD has weakened extensively since U.S. election and that Trump polocy may push for a faster rate hike this year. The ECB has…

Continue ReadingRebounded off from Major Support, Major Retracement, Breaking Above Previous Swing High, Long EURUSD, 22nd November 2016