In today’s live trading session, we went over the current status of the US Dollar, and then we discussed a possible swing trade for CADJPY. We started the week with a bullish bias for the US Dollar. The Dollar had its struggles with resistance at 93.13, but it finally broke through earlier during the London […]
In today’s live trading session, we went over our USDCAD trade from yesterday, and then we went over the lack of movement in the Pound pairs. During yesterday’s live session, we discussed the two possible scenarios for the US Dollar Index. Either it breaks above 93.13 or it uses it as resistance and sells off. […]
In today’s live trading session, we determined our bias for the US Dollar Index (DXY), and then we discussed trade ideas for GBPUSD and GBPAUD. The DXY is still within the descending channel that it had formed back in September. Currently, it’s on the upward leg to create a new lower high at 93.33. For […]
In today’s live trading session, we briefly went over the US Dollar Index, and then we found swing trades for AUDJPY and USDCHF. This morning we noticed that the US Dollar Index was desperately trying to rally off support at 92.55. On the smaller timeframes, we could see that this rally was quickly dissipating with […]
In today’s live trading session, we went over a possible long setup for Silver, and then we discussed the importance of trader psychology. This morning the US Dollar Index (DXY) continued its selloff by reaching the 93.00 psychological level. At the moment, the price is resting at this level, but we are predicting that it […]
In today’s live session, we went over the status of our EURAUD trade, and then we found a trade idea for GBPAUD. During yesterday’s live session, we discussed a potential long setup for EURAUD. This was based on the 4hr candle at the time pushing above last week’s high. We let our members know that […]
In today’s live trading session, we determined our bias for the US Dollar Index (DXY) and then we found a trade idea for EURAUD. This morning the US Dollar Index showed a great deal of movement as price dropped 0.42% to the downside. This type of movement is rare for a Monday morning, but the […]
In today’s live trading session, we went over the trades we took this week, and then we completed analysis to find trades to take next week. This week we took two trades, one was a short for AUDJPY and the other was a short for EURAUD. Our short for AUDJPY was based on simple price […]
In today’s live trading session, we went over our profits made from our AUDJPY trade, and then we discussed a possible trade idea for EURAUD. During yesterday’s live session, we broke down why we thought AUDJPY was set to head lower. It was mainly based on what price action was telling us, along with forecasts […]
In today’s live trading session, we went over the fakeouts in the major currency pairs, and then we discussed a possible sell setup for AUDJPY. During yesterday’s live session, we covered the important topic of identifying fakeouts. We used the US Dollar Index (DXY) and the major currency pairs to illustrate this phenomenon. Yesterday’s price […]