The 3 Factors I Look for in Every Pullback Setup
In Mohammed Isah’s opinion, simple strategies work best in trading. Here he teaches you a simple pullback trading strategy which will help you to time trades in the direction of the primary trend.
EURGBP: The Clearance Of The 0.7029 & 0.7108 Zones
On the whole, although the pair continues to hold near its recent highs (0.7171), history of its price action and its topping out momentum indicators remain suggestive of risk of consolidation to pullbacks in the short term while maintaining its medium term outlook.
GOLD: Overcomes The $800 Level, Opens Up Risk
publish
Crude Oil Surges To New Highs, $90 Level Beckons
publish
EURGBP Breaks Out of Its Descending Triangle
Although we have a bearish implication in terms of breakout direction, it sometimes resolves to the upside which is typical in EURGBP’s case.
USD/CAD Remains In A Corrective Mode
USD/CAD has continued to maintain its corrective/consolidative mode with upside bias having recovered off its 1.0338 low registered in late July’07.The correction took the pair to as high as 1.0865 in Aug 16’07 before a new wave of selling pushed it to a low of 1.0530 on Aug 20’07.
EURGBP Trades Within Its Falling Channel
EURGBP continues to trade within its established falling channel rising off the channel base at 0.6678 the past week but failing to test the channel top at 0.6776 before putting in a two-day of downside weakness on Wednesday. The said pattern now keeps the short term focus to the downside.
How I Came Back From My Worst Loss
Mohammed Isah reflects back on his biggest trading loss and how this experience became his greatest education in the business of trading.
USDJPY Maintains Its Longer Term Uptrend
With momentum and price action pointing higher, USDJPY should continue to put pressure on the upside for further gains.
USDCAD Maintains Its Upside Bias
USDCAD registered a second week of upside gains on Friday following its recent break above its rising channel established since Sept’06.
EUR/GBP Eyes Higher Prices
The euro has broken through major resistance against the pound. In addition, the weekly studies are now positive and pushing higher, a constructive indication that higher-level prices are expected.
EURJPY remains in a sideways range
EURJPY challenged its Aug’06 high at 150.71 on Friday, but failed above it and subsequently sold off forming a bearish engulfing candle pattern (a top reversal candle signal).