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CAD JPY 64 PIPS - NEVER MONITOR YOUR TRADE!

This trade took advantage of the Double Top Signal on the 4 Hour Chart that told us that the pair was going to be headed lower over the next 24 Hours. It also appeared to be forming a Consolidation Setup, based on the nature of the previous Uptrend and the sudden and aggressive Trend Change Signal in the form of these Double Tops.
Below you can see an example of the waves that generally indicate that a Consolidation is being formed. These will either lead to the formation of a Pennant or a Range…
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47 PIPS ON AUD NZD BREAKOUT

Hey Traders how goes it?
This trade took advantage of recent bullish momentum in favour of the Aussie over the last 48 Hours.
Consolidation Setups are very common across the Forex Market and they generally represent instances of uncertainty about the Medium to Long-Term Outlook for the Pair. The Larger the Setup, the greater the news impact that is needed to start a breakout in favour of one of the currencies. This could be a Jobs Number, Trade Balance, Interest Rate/Central Bank Decision or the…
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YEN CROSSES TIGHTENING, READY TO POP

After several months of moving sideways within large ranges of 300-1000 pips, some of the Japanese Yen crosses might be about to finally breakout from these prisons of consolidation.
For the GBP JPY, the Daily Chart below shows the extremely large Consolidation Pennant that represents a large amount of uncertainty regarding economic and monetary policy in Japan. After reaching a peak of 172,49 on February 1st this year, we have seen the pair drop by 1000 pips followed by smaller waves of uptre…
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GBP USD Range Breakout

GBP USD looks set to start the new year on high with a rally looking to take place in the next few days. Daily Chart was moving within a range, Resistance 1,6460 and Support 1.6319 and just broke the Resistance with a bull candle. This could take the GBP to at least 1,6900 by the middle of next week. This is a significant breakout, because its also breaking out from a much larger Consolidation that was formed after the reaction to the Financial Crisis of 2008 and the safe haven buying of the US…
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