by admin on July 19, 2010
www.fxtrainingzone.com GBP/USD short trade based on the 4 hour closing of strong belt holding engulfing candle: – Very Strong 4H close below previous support at the 1.6220 zone. – Large bearish engulfing candle which shows strong momtenum to the downside. – 4H arrgessive close outside of the large box range / consolidation period we have [...]
www.fxtrainingzone.com EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above [...]
FOREX Trading Review Video 10 JUN 09 EUR/USD Bearish Engulfing Shooting Star
by admin on May 8, 2010
www.fxtrainingzone.com EUR/USD I see the short term trend as down, therefore class this as a Trend Continuation trade based on: – Bearish englufing shotting star formation close on the 4H, failing to close above the 50% retracement line (from daily timeframe – shown in yellow on chart image). – Price action failed to close above [...]