One of the best and most respected traders in Forex is going to personally work with a handful of traders, one on one, to immediately get them into profit.
You see, Josh has spent years examining over Forex systems and has been involved with some of the top traders in the industry. Josh is impressive, but the thing I like about him is that he is so laid-back and down to earth. Anyway, back to the system he wants you to have. This is what I want you to do, go here and download it! One of the best and most respected traders in Forex is going to personally work with a handful of traders, one on one, to immediately get them into profit.
Joshua Schultz works with the top trading elite in Forex on a daily basis. He runs the closed doors Traders Secret Library, the biggest Forex training center and data base on the planet. He writes for Tradeology, the most mailed newsletter in Forex, he is coach, moderator and the head guy for several other top trading forums.
When Josh speaks, the best traders in the world listen. He is about to release the most anticipated, talked about and powerful Forex System to come along in years. Let's take a look at the lay of the land: Click on Image to Enlargen As you can see, the pair entered a range immediately after we were taken out of our last profitable trade entered on Thursday.
Right now my indicators are moving sideways but my overall bias remains bearish as the bearish channel remains intact. Once the market does wake up we can expect to see price eventually move out of the range. You will notice that I inserted two blue horizontal lines at the most recent swing low and swing high points. These areas will serve as potential breakout levels that we can monitor.
Should price close below the lower blue horizontal line we may look to enter a Sell trade, provided that there is additional confirmation from our indicators. Targets for Sell trades include the lower bearish channel trendline or the On the other hand, should price close above the upper blue horizontal line we may look to enter a Buy trade, provided that there is additional confirmation from our indicators of course.
Targets for Buy trades include the upper bearish channel trendline or the Right now, there's no telling when this pair will spark to life but for the time being we have a good idea of how to approach potential trades, so we can check back again every few hours to re-assess the state of play and act accordingly.
Take care and all the best for the week ahead. Joshua Schultz The Cable looks to be slowly making it's way down to the 1. We do have some reason to believe that the market will move on back up as we have hidden bullish divergence on the daily chart.
I'd like to see the market move back up to 1. Click on Image to Enlargen On the 4 hour chart we see some more regular bullish divergence even though it's very slight, my indicators are starting to roll over on this time frame.
In the news today we don't have anything on the schedule for either the Gbp or the Usd so we are free and clear to take some action today. Good luck and safe trading! I have two lines on this chart that's important today. If we are wide awake then we could take 45 pips from the market. My system shows me that we could expect an upward movement of about 25 pips to the first target line area at 1. We could land another 20 pips when it pulls back to the second target line area at 1.
This one is a fine line and it will require a good balancing act. So stay focused, be alert and never drop your guard.
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