Looking at the EURUSD in a possible wave 2 correction
We take a very close look at support and resistance and how you can use them to make money…
www.mmedge.com This video explains Blue Zone trading and shows a trade that was actually taken by The market Mover Edge club. The Market Mover Edge Trades for last week are as follows USDCHF: +106 EURUSD: +117 EURUSD: -25 GBPUSD: -59 GBPUSD: +95 (or +108 depending on your position type) Subscribe today anf get in on the gap action this Sunday!
Nearly every major pairing with the USD had a rather identical setup as the London open was setting up. Continued USD weakness, yet all pairings not quite at their respective resistance/support zones. So the plans in place were primarily focused on awaiting pullbacks taking Fibonacci entries into resistance at minimum, 137220 zone for eur/usd, 16100 zone for gbp/usd etc. As London opened the Eur/Usd decided to continue mission after a rather Weak pullback which left many of us unable to reload the long. However, the Gbp/Usd did indeed pullback spot on to our entry zone around 16040-50, looking for a 50-60 pip trade here into the Weekly central pivot point, and 4hr trendline awaiting us in the 161 region. I must admit this trade became a bit difficult in the late stages of profit taking as it barely even hit the outer edge of our target, so we only ended up with sorta 40 pips. Yet it was clear by the time we reached our target that the British Pound itself had become rather weak since the open, and the only reason we even hit near our target was the continuing to fall USD. Enough said, thank you for my profit, next trade plan please. Some days are certainly better than others. FXBootcamp London Currency Coach- Christian Stephens
www.elliottwave-forecast.com present a look at the Eurusd
www.ultimateswingtrader.com The video shows you even more trades from just this week — watch the EURUSD, UDJPY and even a futures and stock example – – all using the exact same system.
14 Jul 2010 8am Forex Market Review on EURUSD, GBPUSD, and USDCHF EURUSD and GBPUSD up, USDCHF down. See my Forex Trading Activities blog at
We began London today with a strong British Pound that had been gaining ground since Asia. We were however, sitting right at resistance as London was about to open, as was the Euro also. On top of this every single Yen pairing was either at resistance or showing signs of rolling over, such as lower high’s etc. So lets see what this hints to us about to happen. Strong Yen, weak GBP, weak EUR, at least until support yes? Fair enough so we set out to build trade plans to short the EUR/USD, GBP/USD, EUR/JPY, and GBP/JPY. In this video I detail the plan involving the GBP/JPY short, how we set it up, exactly where we pulled the trigger and why, where we placed stops, took profit, and eventually reloaded the trade. Not one pairing today paid us a ton of pips individually, but as a collective it was a very profitable day if you took a couple of these, and even more so if you reloaded them. Only time will tell what NY will take us from here. FXBootcamp London Currency Coach- Christian Stephens
In this video Alexander Nikolov makes live trend analysis on the daily and hourly charts of EURUSD, GBPUSD, USDJPY.
Forex Technical Update 10/12/2010 The USD was consolidating ahead of today’s FOMC minutes. After the details were released, it was apparent that the Fed is ready to pursue a second round of Quantitative Easing, which is bearish for the greenback. Let’s take a look at the EUR/USD, GBP/USD,…