Progress for the week

Good evening Dynamic Traders,

NFP normally is on the first Friday of each month but was on Thursday this month. It usually produces huge amounts of volatility and is therefore safer to stay out of the markets. Today's movement does not appear to be as great as it is usually.

Given that it is Friday tomorrow I have decided not to post any new set ups but to take a look at the ones I have posted recently to see how they have fared.

First up is the AUDNZD. Price tested the support line and bounced up some 300 pips. It is now testing a previously supporting trendline and has produced a doji. Will it be able to continue to go up to test the previous high or will it find resistance and succumb to the downward pressure?















The GBPCAD also found resistance produced a doji and a pullback. We will be on the lookout to see if price will continue down to retest the value index or indications of a continuation up.














The GBPUSD and EURJPY have not yet broken out so are still very much on the watchlist.

Wish you an awesome weekend.

Good Trading!
Bijal Shah

GBPCAD meets resistance

Good Evening Ladies & Gentlemen,

The GBPCAD pair has been steadily rising and has produced almost 1700 pips in June alone! Price has today tagged a previous resistance level and produced a doji. The weekly chart does not show signs of weakness yet therefore price may well continue upwards further.

However, before this happens a pull back may be witnessed as MACD is showing divergence, a suspect candlestick is on display and price is at a previous resistanance - all of which suggest caution. Tightening of stops is recommended if in the trade. If not in the trade, an opportunity may soon present itself as long as patience is practiced.















Good Trading!
Bijal Shah

AUDNZD testing support

Good Evening Dynamic Traders,

The daily chart of the AUDNZD posted below shows price action has crept back south to a significant previous support. Having closed below a more recent Fib breather level price is now testing the support line with today's bearish bar showing some momentum. Although a LH and a LL has been produced at least 4 support hurdles which are displayed on the chart below await price before it can continue south should the bears overpower the bulls.

Apply the relevant filters if you are planning to enter the trade to avoid a FBO. The conservative traders may wish to await further signals/confluences.














Good Trading!
Bijal Shah

www.fxcps.co.uk
www.fxcps.eu
www.dynamictraderblog.com

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Awaiting breakouts

Dear Dynamic Traders,

Welcome to the start of another trading week. Hope you have had an outstanding weekend.

Today's pairs for review are the Cable and the EURJPY.

The daily chart for the Cable shows price having reached a resistance area (which is also a Fib breather level more apparent on the weekly chart) and then some level of sideways movement. The question is what next? The highlighted area shows the oscillation, ideally we want price to break up through the resistance so established trend may resume and simple filter employment will ensure entry into a trade.

Should price decide to reverse, it is less simple as additional confirmation would be required and it means trading contra trend until a trend is established.














The EURJPY is showing a recent pullback, with the VI acting as support and price is currently near a RN. There is nothing obvious to suggest a change in trend, we have been continuing to witness higher highs and higher lows although the approaching trend line/squeeze should be kept in mind . A entry may be sought at the break of a trend line on a slightly shorter time frame or at the break of a previous high.














Good Trading!
Bijal Shah

www.fxcps.co.uk
www.fxcps.eu
www.dynamictraderblog.com

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The Gasping Aussie

Good Evening Dynamic Traders!

A huge hand of warm appreciation to the welcome comments personally received in the last forty- eight hours from both webinar participants and indeed my fellow bloggers!

May this "blow to the head" (as quoted by a fellow trader), serve to enrich you with plentiful profits in the coming months, as consistency creeps in!

Tonights lights are with the AUDUSD.

This pair has been relishing its soaring ascent since early March this year; charging through the daily VI and currently testing a teasing zero.

Below is the weekly chart for this pair. The last few weeks have witnessed price collecting its thoughts whilst comfortably seated at the VI.

The zone in question offers a confluence of events that should not be dismissed as fib studies expose textbook signals that a seasoned trader should have snatched at first sight.

AUDUSD weekly chart Advanced Get


The daily chart below displays the near term angle.

The established trend is once again, under scrutiny, as the triangle formation forces a market

movement in a choice direction.

Dynamic Traders....... be conclusively certain in the uncertainty of the course ahead.

Define your edge, manage your risk, and play the market at its own game!!!

AUDUSD daily chart Advanced Get

Probability Trading!

Saba Jackson

Loonie Lunges Further

Good Afternoon Dynamic Traders!

The Loonie has been down trending since March this year following weeks of deliberation, having enjoyed a two year ascent.

The weekly chart shows price currently debating the value index, which is fighting for recognition.

A host of resistances are sporting their colours very close by, promising to push this pair back to its established course.

Below is the daily chart for the same.

Seasoned traders will mark price seated at the trend resistance, whilst being bombarded by at least three other obstructions, forcing serious consideration for ensuing movement.

Note the value index in proximity, which may come into play, should this hefty hindrance across two major time frames succumb to this current lunge.

The 'edge' is doubtlessly in the favoured direction, awaiting the chosen strategy play.

USDCAD daily chart Advanced Get

Confident Trading!

Saba Jackson

AUDJPY for the watchlist

Good Evening Dynamic Traders,

Hope you have had a great week. We are almost at the end of another trading week, in the middle of the year and approaching the longest day of the year (at least in the UK). Hope the first 6 months have been enjoyable and the next 6 will be even more memorable!

I have posted the AUDJPY and the EURGBP today.

The AUDJPY weekly chart shows price has tagged a Fib breather level on its recent uptrend and has imminently retreated. Not surprisingly this activity was close to a RN. Will the price continue up or will it resume the previous downtrend?














The daily chart shows the trend line which price has been regularly using as support and is now approaching a resistance level/squeeze. I have displayed three possible scenarios (up/down/sideways until it pops out of the squeeze). You may say that is fairly non committal, and I would have to agree with you. The reason for this is not because I wish to withhold information but because just like you, I do not know what is going to happen next, and therefore it is pointless guessing. The better position to be in is keep an unbiased eye on it for further clues and then decide. We have accumulated many clues or confluences which currently are mild mannered. Once they are more prominent the smart money will be ready to reap the rewards.














Following on from my previous EURGBP post on Sunday, price broke through and then went up to re-test and provide a potential second chance for those that missed it the first time :). Price is at a breather level and we don't yet know if it has completed its re-test or if there is more left, therefore await the signals of a continuation and then place your orders.














Have an awesome weekend and build in some reflection time at a half year milestone. I will be unable to post any blogs next week but my learned bloggers will no doubt provide excellent benefit from their analysis and experience.

I would like to say a big thank you to you the readers for your kind words and comments, it really is very encouraging and rewarding to know that the posts are contributing towards growth and successful trading.

Good Trading!
Bijal Shah

www.fxcps.co.uk
www.fxcps.eu
www.dynamictraderblog.com

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A Trending Triangle

Good Evening Dynamic Traders!

Today's focus is with a personal favourite, the GBP JPY.

This cross has been safely uptrending since the New Year, after a lengthy southward stride from mid 2007.

A brief analysis of the weekly chart may offer a respectable pointer towards the extent of this ascent.

Below is the daily chart for the same.

Price is once again seated at the influential value index, a place that many a pair has been recently negotiating.

Dynamic Traders debating the ensuing direction, may wish to apply their long-sighted lenses for clarity, without too much dilemma.

Employ your favoured strategy to validate an entry for this swing, engaging your tools to determine a likely exit.


GBPJPY daily chart Advanced Get

Dynamic Traders......

Mark a high probability set up, engage your rules and activate your trade.... without further thought or hesitation.

Learn to trust your initial judgement..... it is usually right!

Active Trading!

Saba Jackson

A long awaited GBPCAD breakout

Good Evening Persistent People,

Hope you are all well and having a good week. I would like to congratulate you for persisting and keeping at it, despite how hard it can be sometimes. There are a couple of people that have said some very wise words which really resonate with me and I would like to share them with you.

Wayne Dyer says "When you change the way you look at things, the things you look at change". A very simple yet profound statement!

Tony Robbins says words to the effect that if you keep getting the same outcome (one that you do not desire) you need to change your approach until you get the outcome that you desire.


Featuring on tonight's blog post is the GBPCAD daily chart.

The GBPCAD has been toying with us for some time and is now beginning to show some signs with which we may be able to do something - hooray! Price has broken through a resistance barrier (not quite clear yet but almost). In addition it has also broken through the VI and is currently hovering around a RN. Use the filters in your arsenal to enable a good entry into the position should price conform to the signals according to your plan.














Plan the trade, trade the plan.

Good Trading!
Bijal Shah

AUDUSD opportunity?

Good Evening Dynamic Traders,

I have posted a very short time frame chart on for tonight's post (60 minutes). The AUDUSD has done a pullback and is showing possible signs of re-starting its move up. We have MACD convergence relevant for a 123786, RN, and the reversal candles on display. There is also a tram track formation visible on the 4 hour chart. All of these suggest a possible continuation. Do ensure you do your own analysis and adhere to the requirements as per your trading plan before getting triggered.















Good Trading!
Bijal Shah

A Pressured Yen

Good Morning Dynamic Traders!

The Yen remains on the watch list whilst patiently perceiving a secure entry with the southward trend.

The last published post (x refer BLOG 25 May), highlighted the triple support cluster, which unanimously upheld price, sending it vigorously back to the righteous resistance.

Below is the weekly chart for this pair.

Note the proximity of the mighty 'zero' eager to make a stand, as the wedge formation promotes a wager in either direction.

An absent, but all important ma, signals the strength of this brace, aiding in the well known "confluence of events".

USDJPY weekly chart Advanced Get

The daily chart below offers a birds eye view of the same with the value index preparing to debate its position once again.

Price will presently be required to make a decision on a directive, whilst the tentative fundamentals due tomorrow, may encourage a movement.

Filter your ESLT prudently whilst patiently attending a signal.

USDJPY daily chart Advanced Get

Advanced Trading!

Saba Jackson

End of Week Review

Good Evening Dynamic Traders,

Hope you all had a wonderful weekend. I thought I would take the opportunity this evening to review some of my previous posts and see how the pairs have fared.

The AUDUSD posted on 8th June projected a possible retest of previous resistance before the continuation. Price indeed did exactly that, it tagged the resistance turned support and then started its journey up producing a 400 pip opportunity on the way up.

Price is now approaching an area which it found resistance previously. It could form a double top and bounce down from it or it could break through if the bulls are stronger than the bears. For me this will be one for the watch list for re-entry once signs are more clearer of where price wants to go.














The Loonie posted on the 10th June, was a projection of a potential head and shoulders formation at the very early stages (development of the right shoulder). It did in fact continue to form the shoulder and retested the previous low. Having done that however, it went back up to re-test the high (and Fib breather level) and did not quite get there.

There are still signs of weakness in the Loonie however, it is unclear as yet whether the pullback/breather is complete before the possible continuation down. Once confirmation is available a good entry short may be sought.













The EURGBP chart posted on the 3rd June has broken through the value index and previous supports producing some nice profits for those that took the opportunity. As we all know price does not move in one direction constantly. Therefore it should be expected that price may go back and retest the support that it has recently broken through.














Good Trading!
Bijal Shah


www.fxcps.co.uk
www.fxcps.eu
www.dynamictraderblog.com

Follow Javid on Twitter
Follow Anne on Twitter