Chart Commentary Disclaimer: Adewale’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research, and be aware of the…
Chart Commentary Disclaimer: Adewale’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research, and be aware of the risks…
EUR/USD Chart Commentary Disclaimer: Adewale’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of…
1: You “play” with indicators without knowing what it really means Here’s the truth: Indicators are a derivative of price. This means the values on your indicator are “created” by applying a mathematical formula from the price on your charts. You’re probably wondering: “What’s the…
Confluence: A point in the market where two or more levels intersect each other, thus forming a ‘hot point’ or confluent point in the market. In the dictionary, confluence means ‘a coming together of people or things; concourse’ (this the picture above showing two rivers…
Chart Commentary Disclaimer: Adewale’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks…
NZD/USD It formed a larger tailed bar last week,which has eventually rallied up to key resistance zone @ 0.67020-0.6728. We are anticipating a bearish retest of the tailed bar within 0.65844-0.66030 zone in the near term. USD/JPY The bearish rally continue after failed pin bar…
Chart Commentary Disclaimer: Adewale’s views on the Charts is not advice or a recommendation to trade or invest, it is educational and general information only. Don’t blindly buy and sell the markets/products discussed in this newsletter, do your own research and be aware of the risks…
NOTE -ALL CHART IS DAILY EUR/USD look set to retraced after last week bearish momentum. We are looking at price action projections at 1.11940 in short term, while 1.1329 in long time. The dominant trend is still bearish,we are disposed to bearish setup. KEY RESISTANCE-…
EUR/AUD has been in ranging momentum for a while now, ranging between 1.6088-1.5755. Trend- Range Bound Relevant key Levels Support- 1.5755 Resistance-1.6088 Price Action- Coiling inside bar at support Trading Idea- On the side line
The EUR/USD has been grindly moving up after the formation of Bearish TRAP(Proprietary Setup). The whole aim of the chart is to trap amateurs into trade. The Bearish Trap was formed precisely last week. We anticipate continue bullish pressure in the Near Term. Relevant Key…
WEEKLY FOREX TRADING OUTLOOK FOR 4-5/03/2019 EUR/SD consolidated last week without any major directional moves.In the process two bearish pin was formed.This pair for now remained in range bound condition, we are anticipating a price action to clue us into directional bias. GBP/JPY is grindingly…
NZD/USD retraced aggressively on Friday and formed a large bullish pinbar from 0.67260 -0.67565 support zone which also double as event areas.The zone stand as confluence point. These give the setup higher probability of work out in short term.The next resistance zone is 0.69692 GBP/USD…
GBP/USD bullishly exploded today.There was a bearish pinbar that was formed last week which clued us to a short term bearish moves.The pinbar has failed, hence a change of bias from bearish to bullish.A failed pin bar has a lot to clue us into a…
GBP/USD retraced on Friday after bullish pressure.There is perfect horizontal resistance ahead around 1.29573-1.29248.We anticipate a bearish setup in this region as not as the bearish bar that started this moves is not violated. The next key support is around 1.26925. EUR/USD consolidate throughout last…
GBP/USD continued the bearish moves today after the bearish pinbar that formed at 1.29573. There was a bearish clue on monday after the violation of the pinbar low. There is a key Support ahead around 1.26925. EUR/AUD was indecisive today after initial moves lower reversed.There…
1- GBP/USD continued with the violation of the Pinbar low that was formed last week Friday. There was no major changes today except a slow bullish push that still ended within the low of the pinbar. We sit on our hand as there is no…
The EUR/AUD rallied up and stalled at key Support zones 1.60608, forming a small bearish Pinbar in the process.We anticipate a bearish bias at this zone owing to a recent momentum started by the large Pinbar formed January this year. 2- USD/CAD rallied up an…
The major basis of analysis for a price action trader are support and resistance .This sometimes can be seen to operate simultaneous as Event area. The market has a good memories for these zones. Most times, major turning points in the market are fuel by…
The AUD/JPY formed a Fakey setup at Key Support Zone at 79.200.The pair has been grinding up after initial big pinbar reversal formed last year.The near term Resistance zone is at 80.830.
The GBP/JPY rallied up today, but later retraced after encountered bearish pressure at 144.188 resistance zone. But the recent momentum suggest a an emerging bullish trend. We see this small Counter Trend Pinbar as a Bearish TRAP. We shall patiently wait for today price action…
The Eur/Usd pullback into the containment zone mentioned yesterday.This Zone also served as the upper boundaries of the sideways price action that is prevalent for this pair.We will sit on our hands until we can see an obvious setup supporting our near term bias.
The EUR/USD moved up today after breaking out of the confinement zone around 1.1429.This came after what can be termed as bear trap around 1.12982 formed last week. This ultimately clued us into believing the Bullish has taken over .The next resistance around 1.15708 will…
There are grey areas in what determine a good Pinbar/Tailed bar in Price Action Trading.There must be a good defining feature that give clue for a good pin bar/tailed bar. It is extremely difficult to ascertain if a PinBar/Tailed bar will be successful because of…
Handling one’s emotions is the single most essential factor in determining whether or not you become a consistently successful Forex trader. Setting yourself up for forex trading success depends upon a trader’s ability to consistently make decisions that are completely uninfluenced by emotion. When interacting with…
1. Look out for a signal with a protruding tail that creates a false-break of a Key levels. Watch for obvious protrusions and false-breaks of key levels in the market. This filter can be applied to trending markets or to counter-trend trades. Wherever you have a…
My Forex trading Journey was full of boring episodes.I got to know about Forex trading 2008, the lure of quick money attracted me. I was naive, lacked the wherewithal of trading and investment. I jumped into the Shark invested water of trading, where the Bull…