Month: June 2014

Home / 2014 / June

Weekly Forex Market Price Action Outlook – 30th June – 4th July 2014

Trade Ideas: [ads] GBPUSD – Price still undecided on the direction which it wants to go. Resistance of 1.7043 has been tested 4 times this month but prices fail to close above. Recent price action suggests we might just see the price close above move next week. However do wait for the confirmation and not…

Continue Reading
AUDUSD price action failure

AUDUSD price action failure

I did not short the AUDUSD as planned as price was too near the 21sma which made the risk and reward rather unattractive. However if you had entered a sell on the AUDUSD, you can sell most probably could breakeven your trade today. Please exit manually if price close above 0.9444.

Continue Reading