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Market Analysis - Forexmospherians.com

Market Analysis Blog is the traders navigation page for quickly referencing the latest updates for this category and adding Market Analysis posts.

 Share your Market Analysis with the community but try to avoid just simply posting a Chart, link or video and saying this is great. Explain what makes it great or how this was useful. Sometimes the Market Analysis is crystal clear to experienced traders but they will remain a mystery to anyone not seeing what you know. So say what you enjoyed about it or describe why you made that Trade, came to that Market Analysis or set of results. 

Daniel Stasziek

Genxtrader
Forex Trader, Commodities
Previous Contributor: FXstreet, Forexmosgate, Forexmospherians.com
Currencies: Various: Scalp, Swing, Trend Trader
Technical Market Analysis, Site Administrator, Moderator

Comments

  • Hi Genxtrader, how you doing? excellent AUDUSD oanda charts, looks like rsi over bought but holding, nice rsi channel down before breaking bull, technically I see bull bias written all over the Daily time frame and so whats your take on this pair?

    Holmes

  • Hi Holmes, this is one of my favorite sets as it gives low risk trade set up with a definitive direction if wrong,yes the prevailing trend is def bullish with a low risk counter trend entry,as of now PA is holding to the channel,we will see at the median id say what the intention,however if it doesnt make the median and breaks to the upside we certainly have a definitive answer.

  • Cheers Genxtrader, I like a slow and steady market range versus whipsaw and suits me to find currency pairs like this Aussie Dollar set up. I have a 200 pip long with a slow trail @0.7940 because as Sir Gissachance says, we don't need to chase every single forex pip. Holmes

  • Good morning Genxtrader,

    This is a great chart set up to trade with a steady channel holding Price action off resistance. Thanks for sharing.

    Best Regards,

    Sir Gissachance

  • Yes sir my friend,feels good to be back in town.  ;]

  • The median

  • Nice work Genxtrader and noted your RSI broke channel from over bought. Somehow I suspect you shorted and I took this pair for a swing short too.

    Hope your having a great weekend.

    Best Regards,

    Sir Gissa

  • lolololol my friend i guess i somehow suspect that you know me well 

This reply was deleted.

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