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Buy at historical support and resistance as seen on the weekly down to the 1 hour chart
USD/CAD Chart Picture
USD/CAD Chart Picture Weekly Supports
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…
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Have added a link to each of the trades posted for a chart image of the entry point with indicators.
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Selling under .9105 supports from the 1 hour chart and break and retest of the 30 minute trend line.
AUD/USD Chart Picture
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Buy on USDCAD based on Daily and 1 hour support levels.
USD/CAD Chart Picture
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Sell on GBPUSD at 1.5135 based on the test of the bottom of the 1 hour trend line the 1 hour Tunnel and historical resistance. Since there is expected volatility today with NFP, I will likely look to protect…
Want FULL ACCESS To ROSS’ DAILY TRADE ROOM? Simply Click The Get Started Button Right Now! Two trade opportunities in the Daily Trader trade room today: USDCHF – A sell was taken at 1.0783. A convergence of three indicators were used for confirmation before entry; historical support and resistance, a break below the 4 hour…
GBP/USD CRITICAL POINTS 2/17/10 UPDATED 3:45 PM Forex Trading SUPPORT AND RESISTANCE SUPPORT #1 1.5657 SUPPORT #2 1.5650 SUPPORT #3 1.5627 CLASSIC SUPPORT 1.5535 ————————————————————————————————————- RESISTANCE #1 1.5728 RESISTANCE #2 1.5763 RESISTANCE #3 1.5815 CLASSIC RESISTANCE 1.6066 FIBONACCI AND PIVOTS $…
EUR/USD CRITICAL POINTS 2/17/10 UPDATED 3:45PM Forex Trading SUPPORT AND RESISTANCE SUPPORT #1 1.3600 SUPPORT #2 1.3588 SUPPORT #3 1.3580 CLASSIC SUPPORT 1.3531 ————————————————————————————————————- RESISTANCE #1 1.3650 RESISTANCE #2 1.3700 RESISTANCE #3 1.3786 CLASSIC RESISTANCE 1.4025 FIBONACCI AND PIVOTS $ AREA…
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…
GBP/USD CRITICAL POINTS 2/16/10 UPDATED 4:15 PM Forex Trading SUPPORT AND RESISTANCE SUPPORT #1 1.5769 SUPPORT #2 1.5727 SUPPORT #3 1.5650 CLASSIC SUPPORT 1.5535 ————————————————————————————————————- RESISTANCE #1 1.5794 RESISTANCE #2 1.5917 RESISTANCE #3 CLASSIC RESISTANCE 1.6066 FIBONACCI AND PIVOTS $ AREA…
EUR/USD CRITICAL POINTS 2/16/10 UPDATED 4:15PM Forex Trading SUPPORT AND RESISTANCE SUPPORT #1 1.3750 SUPPORT #2 1.3700 SUPPORT #3 1.3634 CLASSIC SUPPORT 1.3531 ————————————————————————————————————- RESISTANCE #1 1.3778 RESISTANCE #2 1.3800 RESISTANCE #3 1.3838 CLASSIC RESISTANCE 1.4025 FIBONACCI AND PIVOTS $ AREA SHARED…