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The Pound was the largest mover on the day, losing 120 pips from the open. Given the bearish close, I do anticipate further losses in the days ahead. But before we look at two GBP setups, I want to talk about CADJPY. The market recently broke below an important level at 94.0. This level had previously […]Continue Reading
While much of the market waits for the next catalyst I figured we would review two pairs that were discussed recently as well as one pattern that may produce a setup for us soon. I mentioned the massive bullish pin bar on AUDJPY at the end of last week. If you recall I noted that it might […]Continue Reading
Fairly quiet day across the market. As a result many pairs formed inside bars after putting in aggressive moves late last week. Therefore I think it’s only fitting that we take a look at a few of those inside bars to see if any are worthy trade setups. The first setup I want to discuss […]Continue Reading
If you’ve ever wanted to see a perfect example of a pin bar, the one that AUDJPY formed today is it. Now that isn’t to say this is the perfect setup, but it is a perfect pin bar. The pair has essentially been trading between 94.55 and 96.10 for some time now. And although the pair did […]Continue Reading
Today we’re going to look at a few key levels that have come into question including a recent trend break that may give us a short opportunity. The first pair I want to talk about is AUDUSD, which recently broke support at .9325. From the look of things, this break in support may very well lead […]Continue Reading