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We are now watching a few bearish patterns coming together in the CADJPY. We have both a Bearish Gartley on the 30 minute chart and a bearish butterfly on the 15 minute chart. So we are looking to short around 82.55 level with stops above 82.89, targeting a move back to the 81.89 level. Risk…
I would like to invite all readers to join my new inner circle group on facebook: Inner Circle on Facebook . This week we have a rather light report schedule. That should leave the market wanting. We still do not have clear resolution in Greece so that wild card remains very much still in play.…
I would like to invite all readers to join my new inner circle group on facebook: Inner Circle on Facebook . The market as a whole continues to be more and more concerned with short term forecasts. We have seen even retail investors reduce their overall time horizon. Whether that be from need or a…
I would like to invite all readers to join my new inner circle group on facebook: Inner Circle on Facebook . This week we are looking at a fairly light schedule of data points. The market continues to be hyper focused on the PIGIS. We saw large gaps on Sunday as news of a “deal”…
I would like to invite all readers to join my new inner circle group on facebook: Inner Circle on Facebook . Also there are a few spots left for the mentoring class that starts tonight click here for more info: http://forextradersdaily.com/InnerCircle/mentor/ Last week we saw a number of two sided moves across the majors. This…
The markets have been stressed by the PIGIS (Portugal, Ireland, Greece, Italy, & Spain) for the last few weeks. Right now it is suffering from exahaustion of this story. But unfortunately just being tired of it won’t make it go away. This problem is far from sorted and we have still much more unknown than…
Chinese Lunar New Year coupled with an already uncertain situation will end up giving us a large two sided market this week. Look for the Dollar strength we have enjoyed to stall. Gold is currently in one of the biggest bubbles I have ever seen in 20 years of trading. It is shocking to me…
We had a Great start this year! Inner Circle subscribers made 542 pips last month due to the trade calls we made! This week we expect to see the markets continue to react to the slew of data points we saw last week. We are looking for the Dollar strength we have enjoyed to stall…
We are seeing the “Dollar Carry Trade” continue to unwind
Friday’s NFP report shocked the world when it reported a much smaller