News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
More View more
Real Time News
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here:
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.42% 🇨🇦CAD: 0.29% 🇦🇺AUD: 0.23% 🇯🇵JPY: -0.05% 🇪🇺EUR: -0.12% 🇨🇭CHF: -0.17% View the performance of all markets via
  • Heads Up:🇧🇷 BCB Focus Market Readout due at 11:30 GMT (15min)
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: US 500: 0.38% Wall Street: 0.10% Germany 30: -0.05% FTSE 100: -0.20% France 40: -0.23% View the performance of all markets via
  • $GBPUSD picking up slightly, while $EURGBP slides to intra-day lows
  • Italian PD Chief Zingaretti says the idea of a government with Conte as PM who gets backing is the best solution $EUR
  • Missed today's Cross-Market Weekly Outlook webinar? See the recording here: US Dollar May Rise as Gold Drops on Fed Policy Meeting - #Dollar #FOMC #Fed
  • Heads Up:🇩🇪 Bundesbank Mauderer Speech due at 10:45 GMT (15min)
  • UK PM Johnson says looking at relaxing some measures before mid-Feb - Sky News
  • German Economy Ministry expects economy to reach pre-crisis levels in Mid-2022
What is a "Higher Probability Entry"?

What is a "Higher Probability Entry"?

Richard Krivo, Trading Instructor

Power Course Instructor’s Response:

Take a look at the historical chart of the USDCAD below…
chart 6 14 10
First off, at the time of this chart, the Daily trend on this pair was to the upside. 
This our first and primary “filter” in determining a higher probability entry.  So we know based on this chart that we would only be looking for opportunities to buy the pair.
Next, we see that price action has broken above resistance. When a candle closes above a resistance level, that is an indication that a continued bullish move may ensue.
We could then check other indicators…the MACD in this instance. When the MACD line is above the zero line (the mid point of the histogram bars) bullish positions are favored. Also, we see that the MACD line (green) has crossed over the Signal line (black) to the upside. Moreover, the angle and the separation between the two lines is increasing…another bullish signal. Lastly, in this instance, we see the histogram bars building in the direction of the overall move…to the upside.  
In this trading scenario we have several signals that are confirming the uptrend that we have noted on the chart.  However, I would not simply take a long position at this point as I could be entering just prior to a pullback.  So, for the higher probability entry, I would wait for the pullback to occur before entering into my long position.
I would accomplish that by going down to a shorter time frame chart, perhaps a 1 hour or a 4 hour, to see the retracement end and the pair begin moving back in the direction of the Daily trend...that would be my "trigger".   Once that new move to the upside is confirmed, through MACD in this case, the trade could then be entered.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.