Zheng He / Blog
If you're currently not selling this pair, perhaps you should be based on the trend line break and lower high fractal. This pair has been consolidating and looks to have broke out of the 5-15 minute upwards sloping trend line...
This is just a quick follow-up post for the signal generated earlier. If you weren't aware of this, check it out here. This has been a good 60+ pip move. It's not a lot, but right now it is looking good and you should be looking to close out...
There's not much movement going on with the EURUSD right now, but, if anything, we are looking to go short. Once again it reverses from the support turned resistance zone and also somewhat of a movement along the trend line...
The future does not look too bright for any non-USD currencies. The US Dollar is regaining its strength once again sending several gaps in its favor. NZDUSD in particular caught our attention due to its support failure on all the fibonacci retracement levels. The price just broke through the 61...
It is a bit surprising to be calling out on a USDCAD short especially with the strength of the U.S. Dollar. However, it is rather safe to be playing the bearish channel breakout on this pair, here's why. After a rather intense sell-off, the price rallied for a bit...
The USDCAD was in a downwards channel the week ahead. This is illustrated on the hourly since early November. In the week ahead, we should be able to see another push lower as the close is quite interesting. The last few hours of trading caused the price to rally up quite a bit...
Here's actually another trade quite recently made. This is on the AUDUSD as it approaches a key resistance level. Bias is towards the price reversing from it rather than breaking through. This resistance level was tested once already...
Here we have the hourly chart of NZDUSD. Take a look at it and you can see this range developing over on the hourly time frame. The 4-hourly time frame did not show this well enough so we actually zoomed out quite a bit on the hourly to get a better look...
Quite an interesting chart set up here actually. We are looking for a moderately long term GBPUSD short trade. We have four trend lines total, two to confirm a bearish break and two more to mark boundaries where the Pound is trending at. Let's start with the two ascending trend lines...