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USDJPY Targets Further Weakness On Bear Pressure

USDJPY: The pair remains weak and vulnerable to the downside with more weakness envisaged. On the downside, support comes in at the 105.00 level where a break if seen will aim at the 104.50 level. A cut through here will turn focus to the 104.00 level and possibly lower towards the 103.50 level. Its daily RSI is bearish and pointing lower supporting this

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GOLD Remains Vulnerable To The Downside On Correction

GOLD: Having the commodity closed lower on a follow -through on the back of its previous week losses the past week, more weakness is envisaged. On the downside, support comes in at the 1,310.00 level where a break will turn attention to the 1,300.00 level. Further down, a cut through here will open the door for a move lower towards the 1,290.00 level.

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EURUSD Faces Further Weakness Threats

EURUSD: With the pair following through lower the past week, further downside pressure is likely. Support lies at the 1.0900 level. Further down, support comes in at the 1.0850 level where a violation will aim at the 1.0800 level. A break of here will target the 1.0750 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, on the upside,

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How To Allow Your Winning Trades To Run

Sally felt like she was in the zone. Her plan had identified a demand zone on the 60 minute ES E-mini chart and the price action had pulled back as it was about to enter it. She had placed a limit order on the 5 minute chart to go long in the zone and bracketed her order so as to place a stop

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3 Important Ways To Keep Your Trading On Target

The trader stared at her screen, it was like she had been in a bad dream and had just awakened to find that it was not a dream at all. She couldn’t believe it. She had been doing so well…and for weeks now. But there it was in front of her eyes; one of her largest losses ever. In fact, she really couldn’t

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EURGBP: Sets Up To Resume Weakness

EURGBP- The cross looks to weaken further following its Thursday declines after taking back all of its intra day gains. Resistance resides at the 0.8400 level where a violation if seen will turn risk towards the 0.8450 level. On further upside, the 0.8500 level comes in as the next upside target followed by the 0.8550 level. Support comes in at 0.8300 level. Further

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USDCHF Rejects Higher Prices, Vulnerable On Pullback

USDCHF: Having the pair closed higher on Tuesday, a move higher on recovery is now building up. However, with a large pullback seen intra day on Wednesday, a move lower could be seen in the days ahead. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then

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How Your Ego Can Get You Into Trouble In Trading

Have you ever heard someone comment on another person’s behavior by saying that they have a big ego? What does it mean? Generally speaking when someone is saddled with this label it means that the individual is perceived as conceited, self-centered, perfectionistic, having to always be right, having difficulty accepting criticism, self-absorbed or arrogant. Of course they may exhibit all or none of

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