Friday, September 19, 2014

LONG GBP/USD : Morning Star Candlestick Pattern

The GBP/USD is forming a Morning Star candlestick pattern on the Weekly chart.  Consider Long trade from here.  Stop would be placed below low of the pattern (below 1.6050).  The Market is very volatile.  Be careful!!



Thursday, September 18, 2014

UPDATE: AUD/JPY Short Trade

The AUD/JPY Short trade off of Weekly chart is still valid.  This is a longer-term time-frame, so be patient.  Trade will be invalidated only if price goes above High of the Bearish Engulfing candlestick pattern, around 98.66.  Be patient.

Happy Trading,

CTW

Monday, September 15, 2014

AUD/JPY - Bearish Gartley & Bearish Engulfing Candlestick

AUD/JPY has formed a Bearish Gartley pattern on Weekly chart.  Also, last week put in a Bearish Engulfing candlestick.


Sunday, September 7, 2014

GBP/JPY Gaps Down from Friday Close

The GBP/JPY gapped down form Friday's (09/05/14) close.  This has produced a nice profit for those of us who traded the Bearish Gartley pattern from my previous post.