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Featured Post from forexheatmapby, 02-27-2014 at 12:12 AM
The market remains somewhat choppy and in many cases we could not locate a price alarm point, look for strong buy or sell signals with the trend on these pairs in the main session.
AUD/JPY – this pair should cycle down on the D1 time frame, it has potential down to the 89.00 area support (estimate).
AUD/USD – this pair should cycle down on the D1 time frame, the potential is down to the 0.8750 support area (estimate).
AUD/NZD – the e D1 trend is crossing to the downside, on an overall basis this pair can cycle down to the 1.0550 support area.
GBP/AUD – the D1 trend is crossing to the upside, set a buy alarm at 1.8685, potential is up to the 1.9000 area resistance.
Featured Post from forexheatmapby, 01-16-2014 at 11:15 PM
The GBP looks weak on most pairs. We like these two pairs.
GBP/USD- D1 down trend in place. Set a price alarm at 1.6280. The pair has potential down to 1.6050.
GBP/JPY- set a sell alarm at 170.20. Next major support is approximately 168.75
When the price alarms hit verify any buy entries in the main session with The Forex Heatmap® and look for JPY weakness or cross currency strength or both upon entry.
Mark Mc Donnell
Spot Forex Trading Plans and Live
Entry Signals For 28 Currency Pairs
$19.95 per month
Example of GBP weakness
Featured Post from Macplauzby, 01-16-2014 at 07:00 AM
Popular Chart Levels misused for faked Trading Signals and Stop Runs by Manipulators
Some Popular Trading Levels:
Important Highs/ Lows
Market often comes back or gravitates around these popular chart levels and frequently penetrates them to trigger mainstream trading signals and to run for stops.
Be careful with these mainstream trading strategies. Moreover watch out for pure stop runs at these chart levels, which can lead to a strong market turn around. In general, the first breakout is often a false one.
Often a minor false price breakout at Highs/ Lows, Round Numbers and Pivot Points come with the first test of these chart ...