Tuesday, March 27, 2012
The weekly chart on the CAD/JPY forex pair is showing a nice weekly bearish engulfing candlestick formation. On the four hour charts you can clearly see a breakout pullback pattern that is setting up bearish price action. In the video I have outlined some possible entry and exit points at prior support and resistance zones.
Posted by Razor at 4:02 AM
Sunday, March 25, 2012
Here is another technical analysis video on Gold (GC, XAU/USD). The weekly is showing a nice rejection candle off the 1630 price pivot zone. On the 4 hour charts you can clearly see a double low formed and market seems to be turning around. I have outline some good spots for potential long entries in the video.
Posted by Razor at 7:39 PM
Here is a nice technical analysis video on the E-mini S&P futures contract. It looks like this past Friday a very nice daily pin-bar(hammer) closed. It looks like the relentless trend over the past week may continue. There is a swing high @ 1408.00 that looks like a good target for the bulls to take out. Enjoy the video.
Posted by Razor at 5:30 PM
Here is an interesting setup on the CHF/JPY Forex pair. It looks like there is a nice divergence with a bearish pin-bar. The location could not be better. The weekly bar is sitting on a nice price pivot zone that was used many times as support and resistance. Should be interesting to watch this pair in the coming week to see how it does. Enjoy!
Posted by Razor at 2:48 PM