DRFX FOREX SWING TRADING

This latest trade took advantage of the Bearish Consolidation Breakout on the Daily Chart of the GBP USD which started in the last week of December. It provided a gain of 138 Pips within 4 days, just ahead of the pullback that is now taking place. Entry was based on the Daily Chart's Bearish Candlestick Signals as well as the setup on the 4 Hour Chart. The first video below shows the description and analysis of the Daily and 4 Hour Charts before the trade was made.  Trade Setup Video This video shows the trade result and provides a detailed analysis of the main elements behind the breakout. Trade Result Video The Daily Chart below shows the Pennant Setup and Candlestick Signals that started and continued the breakout below the Support boundary. The target was set to the Breakout Equivalent (see Trading Manual & Video above) of the previous Consolidation at 1,4562. DAILY CHART TRADE SETUP (FXCM Charts used f

The recent bearish move on the NZD USD has come as no surprise based on our analysis done a few days ago. This decline is in keeping with the predicted formation of a Consolidation Setup based on the types of Candlestick Patterns formed over the last few months. Whenever the market is transitioning from a Trending to a Consolidating pattern, we will usually see a pattern of Candlesticks that tell us when this will take place. This allows us to exit our positions ahead of the expected pullback to avoid overbought/sold areas and to get ready to maximize on the Pips on offer as the market starts moving in the opposite direction. In the chart and the Video below, you can see the predicted setup of this Consolidation on the Daily Chart.  NZD USD DAILY CHART VIDEO ANALYSIS The chart below now shows the start of the decline taking place in favour of the US Dollar. This has formed a 2nd Resistance Point to complete the Resistance Boundary as the Pennant continue