EurAud bullish Outlook

Price broke the 1.5510 strong resistance level with a high momentum

For the last 4days, price has retraced back to this level and yesterday, a pin bar was formed which ''fakely'' broke this level downward and immediately moved up

I expect a bullish movement to 1.5840. I will sell at 1.556x and set my stop loss few pips below yesterday low

Maintain proper account management and trade at your own risk

UsdJpy bearish outlook

On 24th of this month, price broke 102.95 support which was formed by the engulfing bars 13th and 14th

Price retraced to this level (now a resistance) 

Yesterday's bearish candle forming a good bearish candles set up is a strong indication that the afformentioned level has been broken successfully

I expect price to move to 100.80-100.50 in the coming days, though it might retrace to 102.40 to 102.60 before the movement

Maintain proper account management and trade at your own risk... You can contact me at sanmiadeagbo@yahoo.com

Trade Alert:UsdChf bearish outlook

This pair after breaking out of what looked like a double top retraced to 0.8985 which a strong resistance

There is a bearish formed at this level and market might fall to 0.8850 from the current level

I put a sell limit order at 0.8985 and set my stop loss at 0.9025 with my TP1 at 0.8900 and TP2 @ 0.8850

Trade at your own risk .............                                        Manage your account properly............

Trade Signal: Sell EurUsd @ 1.3695

Sell EurUsd @ 1.3695
Stop Loss @ 1.3755
TP 1 @ 1.3575
TP 2 @ 1.3500

I encorage proper money management

                                                                                             Trade @ your own risk

Trade Alert : Pin Bar Formation on EurUsd

This pair rose from 1.3500 support level to 1.3700 and has formed a bearish pin bar around 1.3700 resistance level which is also a pscychology level for traders

I will be selling this pair and see if the market could move to 1.3600 and 1.3500 levels in the nearest term

A sufficient break of 1.3700 will make this analysis invalid

Trade Alert: AudChf sell off

This pair has been on a major pullback off
0.7830 support level and now (at the time of posting) at

0.8199 resistance with a bearish pin bar






















I expect this market to continue on the outside for the main time targeting 0.8000 and 0.7830

My trade enteries/recommendations:

Sell at current market price or 0.8150
Stop loss: 0.8220
Target 1: 0.8000
Target 2: 0.7830
Proper money management is encouraged

Trade at your own risk

Learn price action, contact me: sanmiadeagbo@yahoo.com

TRADE ALERT: UsdCad to dip

Earlier last week, we experienced a momentum breakout of 1.0730 resistance

Price seem to fight for a pull back to 1.0730 with a bearish candles pattern formed below the 1.0950 level

I expect price to pullback

Trade Entries/Suggestion

 Sell limit at 1.0870

Stop loss:  1.0950

Target 1: 1.0790

Target 2: 1.0730

Trade at your own risk

You want to learn more about price action? Reach me at sanmiadeagbo@yahoo.com

My trading result so far in January 2014

TRADING FOREX MARKET LIKE A SNIPER ,SPEND I HOUR DAILY, KEEP YOUR JOB AND STILL MAXIMIZE PROFITS: MY TRADING JOURNAL: CADCHF trade I predicted earlier that i would trade price action around 0.8535 support level earlier. With an inside bar formed on 6th Jan,..

TRADE ALERT: EURNZD sell continues

After a high momentum sell off of euro across major euro pairs, more sell off is predicted by many speculators

EURNZD fell from 0.6970 and broke the support 0.6470 with a long bearish bar that signifies a high momentum breakout

Today this pair closed on consolidation with traders gathering momentum to decide the fate of this pair in the nearest term

The 4HR time frame showing different pin bars off 0.6470 thereby retesting it several timess without a head up. A bearish flag pattern is forming which can be better viewed on the 1HR time frame
.

I expect this pair to resume bearish movement giving that EUR has a bearish bias with NZD gathering some strenght for the bulls

I have placed a pending order below the pin bar formed on the daily time frame (above) with my stop loss some pips above it and targeting 1.6155

Hopefully i can get some pips

TRADE AT YOUR OWN RISK

To learn more about price action set ups, send a mail to (sanmiadeagbo@yahoo.com)

Have a pipful day

TRADE ALERT: NZD/USD forming a good buy setup

With the bullish candle set up formed below, i see NZD/USD forming a bullish set-up

I see this pair heading towards 0.8400 and 0.8500 this week or next.

It could make a dip to 0.8220 and 0.8240 before the projected move.
Proper money management is encouraged

Trade at your own risk

EURUSD Weekly Analysis 6th Jan to 10th Jan 2014

After that pin bar false breakout of 1.3840, I took a buy limit sell order @ 1.3800 and exited with 190pips (noting a possible bounce off the bullish trendline) , we could see a possible pullback to 1.3650 before the next move down. I will wait for the trendline to be broken in high momentum and sell a pullback to 1.3290

I will not take any bullish movement unless 1.3840 is broken in high momentum which might not happen this week unless is very volatile

I will keep you updated on this pair as it unfolds in the course of the week

You want to learn price action? contact me on sanmiadeagbo@yahoo.com

USDCHF Weekly Analysis 6th Jan to 10th Jan 2014

This pair has been trending downward from early July 2013 with various lower highs and lower lows. The recent swing forming early november of last year from 0.9250 now moving to 0.9050 resistance formed by the long trendline
If price breaks above the trendline, It could gather momentum to push up 0.9250 and if broken further, could see price at 0.9450 (50% retracement) which will terminate the long term bearish trend ( I don't really see it going that far, but who am I to dictate what market want to do....The success in this business lies in identifying the market's next move early and following immediately with proper money management)

usd/chf daily analysis 

Conversely, the market could bounce off this level with a reversal candles formation which could make the market complete another swing...we should be expecting price at 0.8800 (100% extension), 0.8260(127%extension) and 0.8530(161.8%)

I will keep you updated as this trade unfolds

Want to learn price action trading? contact me on sanmiadeagbo@yahoo.com

EURAUD WEEKLY ANALYSIS 6th Jan --10th Jan 2014

We saw this pair broken the 1.5020 support level, established between late July to early August 2013, rather convincinly to 1.5580 which has also been established as the letest resistance formed throughout december due to a percieved double top formation
We saw this pair breaking the double top with a high momentum bar. After making a sumptous 300 pips from this move, I expect the market to test 1.5020
If we see a bullish reversal candlestick formation. like the PIN BAR, ENGULFING BAR,EVENING STAR, RAILWAY TRACK, we should be following this pair back to 1.5580 and beyond

Conversely, if this pair break 1.5020 with a high momentum, I will look for a good bear set-up. If the market shows a good downward move, we should be expecting it at 1.4545 support level. I always love minimum of 1:2 risk reward ratio

Let the patience and lay 'AMBUSH' for a SNIPPING position to enter this market.If this market move rather too fast ,I normally wait for a pulback, because market does pullback 70% of the time and they are safer than the first breakout.

Another starategy I use to breakout is to wait for congestion/consolidation like a doji candle or a tiny candle formed inside the breakout candle. This is to avoid fake breakouts which happen about 50% of the time, if not more

I will keep you updated as this pair unfold in the course of the week

Have a pipful week

You want to learn price action trading, contact me at sanmiadeagbo@yahoo.com

CADCHF WEEKLY ANALYSIS 6th Jan to 10th Jan 2014

The bearish movement witnessed on this pair which started on July 2013 with continous swinging patterns,a proto-typical textbook swings, giving us lower highs and lower lows. As this pair started the recent bullish pullback from 0.8250 support level to test 0.8520 (between 38.2 and 50% retracement levels) resistance, a call to pull the trigger is imminent. We will wait till we see a bounce off 0.8250 to continue the bearish move to 0.8250,0.8080( 1.27 fibonacci extension of the latest swing), and 0.7900( 1.68 fibonacci extension of the latest swing formation)





 Conversely, if 0.8520 is broken upside with a high momentum, we should try to be bullish with the proper continuation candles combination or allow the market to move up and we try to lay 'Ambush' for the market on its return to retest the 0.8520...potential profit targets are 0.8745 to 0.8800 I will keep you updated as the trade unfolds To learn more about price action trading and how you can trade for just 1hour daily, you can mail me (sanmiadeagbo@yahoo.com)