by Justin Bennett ·
by Justin Bennett  · 

June 19, 2014

June 19, 2014

The latest development on yesterday’s NZDJPY breakout is a bullish inside bar which formed today. There are a couple ways this can be viewed as far as an entry strategy. The first is the traditional inside bar entry which consists of a buy stop order above the mother bar. Of course if the low of the

2  Comments

by Justin Bennett ·
by Justin Bennett  · 

June 18, 2014

June 18, 2014

In yesterday’s analysis we looked at the potential for an NZDJPY breakout. Today confirmed the breakout as the pair moved (and closed) above the upper wedge resistance. From here I like the chances of a retest of the 89.90 level in the coming days. It should be noted that we’re currently sitting at resistance around

5  Comments

by Justin Bennett ·
by Justin Bennett  · 

June 17, 2014

June 17, 2014

Another fairly quiet day today across the Forex market. The Aussie Dollar is the only currency that made any real moves today. That and USDJPY, which I was out of this morning a little better than break even. We didn’t quite get the retest of 101.50 like I thought we would, but no harm done. With

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by Justin Bennett ·
by Justin Bennett  · 

June 16, 2014

June 16, 2014

Fairly quiet day in the Forex market as there wasn’t a lot of event risk to move price one way or the other. Tomorrow looks more active but I think most traders are sitting idle until Wednesday’s FOMC meeting. As such I’ll just give a brief update on the two setups we’ve been following. The

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by Justin Bennett ·
by Justin Bennett  · 

June 13, 2014

June 13, 2014

This past week we saw some volatility make its way back into the market. This was especially true for the British Pound and New Zealand Dollar. Both currencies generated extreme moves across several pairs. At the risk of sounding like a broken record, USDJPY put in yet another bearish pin bar on the 4 hour

8  Comments

by Justin Bennett ·
by Justin Bennett  · 

June 12, 2014

June 12, 2014

Just when it looked like the New Zealand Dollar was going to steal the show today, the British Pound comes through with huge gains across the board. Before we get to that, I’d like to point out the USDJPY trade setup that presented itself today. I tweeted about this setup here: #USDJPY running into resistance

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by Justin Bennett ·
by Justin Bennett  · 

June 11, 2014

June 11, 2014

The markets were fairly quiet today until the RBNZ rate statement which helped to shake things up. There are a few key levels that I’m watching so let’s get to it. AUDJPY put in a bearish outside bar today. While not something I trade often, outside bars can help us spot changes in trend. The last

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