Recent content by rjfxpips

Drake - Do Not Disturb

EURJPY Analysis Week commencing 17/12/17 Monthly Analysis – this whole year has been overall bullish, from March till September, each month has broken the previous month’s high. Since September, price has been consolidating in a 400pip range, struggling to break the weekly level 134.000 to the...

Psychological traits of successful traders 1. Hope is not for trading, focus on your specific setups and Rules 2. Trading should be boring. Exciting, thrilling or impulsive trading is not acceptable 3. Forget about the “Next great indicator or Set Up” and focus on managing risks on every...

AUDUSD Analysis 14/12/2017 The weekly chart shows a potential 3rd bounce of the weekly upside trend line, wouldn’t be wise trading against that. Price is potential forming a Higher Low. This region also coincides with the upside weekly fibb. Also notice how the last bounce was also on a...

The weekly chart below shows how the overall bias is bearish with price reversing at monthly and weekly key levels as well as a reversal at the weekly fibb zone followed by bearish momentum. After a few weeks of failing to break above monthly resistance 1.2800, last week broke above it with a...

USDCAD Short Term & Long term View Daily price still within consolidation range of around 250pips. The weekly chart below shows how the overall bias is bearish with price reversing at monthly and weekly key levels as well as a reversal at the weekly fibb zone followed by bearish momentum...

The week has started off bearish, this shouldn't be a surprise as bullish price action has been over extended, so a bearish reversal was due at some point. The 8MA and 18 MA are still proving to be solid supports on the daily time frame, suggesting the overall bias remains bullish. However...