Master the IBWT pattern

Want

Get it now (risk-free)

8 patterns that make up 98% of my PA income

Get it now (risk-free)

Learn the Scalping Secrets

Get it now (risk-free)

Read on Mobile Enter Reading Mode

Weekly Analysis

Posted on May 31st, 2016

by colibritrader

Weekly Analysis

In this article I am going to share a few trading ideas as opposed to just one. In the first trading signal, I am going to show you a short GBP/JPY setup. We have the pair reaching a major resistance area and having a bullish rejection candle on the daily timeframe. The candle is also a bearish engulfing candle and it looks like we are going to have a further selling pressure. Have a look at the key levels below:

The next trading signal is coming from GBP/USD. As you can expect, the trading scenario is very similar to that of the GBP/JPY. The trading candle of the day is a bearish engulfing and is giving us a strong indication that the trend is going to continue. Have a look at the chart and key levels below:

The last pair I am going to review is EUR/USD. Although I have covered it last time, this time the trading signal is magnified by the daily candle. The trading signal from last time is still running without having touched the SL. The daily candle is a pin bar. It is occurring in a downtrend, which is a clear indication of an imminent sell-off. Have a look at the chart and key levels below:

Happy Trading,

Colibri Trader

Leave a Reply Cancel reply

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Colibri Trader Ltd, its employees, directors or fellow members. Futures, FOREX, CFDs, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, FOREX and CFDs markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.