Author: Ryan Best

The pair has found support at 1.2300 as new highs are set but indicators lag behind the move. This can continue for some time however the short term reversal is losing steam. Great week of trading topped with another 514...

If the pair closes below the short green line, the pair may fall to test the longer red support line going into the weekend. This would coincide with a move back to the Weekly Mag line at… Great week of trading topped...

Keep in miond on this break out higher that the pair often likes to settle next to previous resistence before really going anywhere. So if you have profits form this long you may to look for exits… Great week of trading...

Now that the top line seems to have been snapped decisively, we want to see price action take the resistance line and turn it into support. This may take several days and it is looking more and more… Great week of trading...

This pair finds itself back at the top of the descending channel, but has yet been unable to break it. I suppose that the way that market goes, it will break just in time to make this article… Great week of trading topped...

Lately I have been looking for opportunities to take small trades based on Asia being able to “comment” on Sunday about the happenings of the previous Friday. Now this will not always work and past… Great week...

I moved down to the hourly charts today. For reference, I have included the longer term down trend lines (a), the bottom line (b) of the terminal wedge I talked about on the 2nd, a reference point… Great week of trading...

This chart wasn’t my idea, it was presented elsewhere, but I have got to say, I like the look. This “terminal wedge” is pretty significant as far as price action goes. Think about the implications of…...

I mentioned last week that a break and a follow through were two completely different things. If you opened shorts on the break lower on this pair you’re hurting now if you didn’t close. In the last… Great...

With the downgrade of Spain’s debt this morning, I would have expected the pair to fall further than it did. If this news had been released early last week, the pair would have dropped 150 points… Great week of...