Candle Stick signals again paved the way today with 3 bearish engulfing candles and a failure to break back above A on the chart. The price action had a go with the bullish hammer as shown but even though there was spikes above prices did not close back above after the first bearish engulfing candle. […]

As marked on the 4hr chart, yet again the sloping trendline  (A) and the 1.41 level (B) held the price below it not once but twice today .Tricky to actually trade off that though but on the 1hr chart we see some trade signals marked by a couple of candle stick patterns. So looking at […]

Hope everyone got on ok with yesterdays signal and made some pips on that drop. Onto today.On the 4 hr chart Ive put a downward trendline in and as you can see all the tops line up nicely . So in theory we will drop back down again off that trendline . Before we go […]

Classic candlestick action a short while ago on eurusd. Signal this morning was to short down from 1.42 on a candlestick alert. As shown in the  live alert feed  (pic below) there was a bearish englufing  alert on the 30 min to go short , you should also have spotted the additional failure to break […]

This pair continued to fall today pretty much in tune with the stock market but not at the same rate. Todays signal is to look for shorts on rallies , if we have come to the end of the 5th wave on the 4hr chart then place to look is either 1.41 but preferably 1.42. […]

Looking like 5 waves down on the 4hr chart . If we have finished the 5th wave between here and 1.41 look for a rally then a short down from the 1.42 to 1.4250 zone. Which would be following the 4hr downward trend. We seemingly have also broken the longer term uptrend marked B on […]

It seems that 1.4460 – 1.4480 has been holding resistance last couple of days . So the call for today will be a short down from that area with the correct candlestick alert. Stop above 1.45. Right now we are hovering around support as shown on the chart , I sould consider a long from […]

I didnt send out a signal today as I am busy setting the website up for the release of The Traders Edge. Quite a lot is going to change on the site, both the graphics and content are being rejigged / changed. Anyway I thought I would just put a chart up as I just […]

Looking to get short under the sloping downtrend line A  or around the 1.4450 level . Stops above 1.4450 targetting the sloping trendline B  zone. Look for a nice  candlestick alert to signal entry. Alternatively look at a sustained break of 1.4450 for longs to 1.45. If we shoot through up to 1.45 then watch […]

Time for caution here . Its also Friday which can sometimes be a real pain for trading as you can sometimes get stuck in trades over the weekend. So looking at the chart we can right now see the price respecting the bottom trendline B . So some might say why not take a long […]