USD Index (DXY): Broken through trend line resistance at 0.9561. However, the index is stalling at the 50% pullback level of 96.00 (from 103.82 – 88.25). Monthly: Holding within a large Expanding Wedge formation that has an eventual bias to break to the downside. The whole move higher from the 2016 low (0.6827) has been and volatile, comm...

2018-08-24 Ian Coleman Read more

Monthly: The pair moved higher from the 2016 lows of 1.1905. Levels close to the bespoke resistance at 1.4390 found sellers. April's price action formed a bearish Outside Bar, often an indication that the rally (correction) has come to an end. Follow through selling pressure has resulted in GBPUSD trading to the lowest level in 11 months. ...

2018-08-10 Ian Coleman Read more
Trendline_trading strategy_1306

Day trading is a game of probabilities. A trade setup that has a higher probability is no doubt preferred. There are immense benefits to objectively analyze your technical setups. For one, your risks are limited and give you a very clear logical view of what is going to happen. If you are stopped out, you can accept the losses and move on with...

2018-05-31 John Benjamin Read more