As EURUSD is currently trading in a range not knowing what is going to happened next we can see other currencies breaking out of important levels (USDCHF/8950). Last week was a moderate week in terms of gains. I would like to share two losses and …

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What a look at JPY this morning. USDJPY currently trading at 78 but sustainable? If only judged by one isolated action from BOJ – I doubt that! Well, just a thought.

What a OVERpumped FX week we have experienced. Last week I have stated that I like EURUSD 4000 level for shorting. This level did not provide much of a resistance or any type of decent reversal candle pattern. On the other hand GBPUSD 6000 level o…

When we are backtesting our strategies we usually do one common mistake: we focus too much on the structure and dynamics of profitable trades rather than on the loosing trades. On paper most of it looks great, but when the real money are in play w…

My interests from last week still preserve. I am still interested in shorting the EURUSD at 1,40. Scalping it straight away and if the level holds building bit robust position with approx. 300pips objective. The situation is still messy, weekend m…

It seems to me that the market is getting bit overbought and trendlines across pairs stood the test of time so their break will have some value (when they break). I particularly like pairs like: GBPUSD, USDCAD, AUDUSD, NZDUSD, EURUSD for being a b…

For last several days I had in my hit list a USDCAD potential short trade. The pair is in a nice downtrend respecting the trendline offering good levels for entry. I spot this level at 0205-0215 area where the heavier sell-off started by breaking …