Live From Hungary

Hello friends,

today we were live from Hungary and today’s turn out went without issues.

We had for the first time our Live Trading Room, which I am pleased to say went with out a hitch.

Today I thought I would write this post and provide opportunities today for you to follow that we thought were the best trades to follow for the upcoming days.

Please enjoy

AUDJPY:

We have a beautiful situation here; we have a clear regular divergence on the Daily chart and we have support around the Daily 200MA. From the weekly point of view the 20MA has been broken, RSI has broken the 50 line and the Stochastic indicator is still aiming down. I believe that this is good time to attack has we are facing support area no.3. If we go to the H4 chart we can see that we have divergence, Bollinger Band duplication and extreme RSI which means it’s a great time to attack. The target will be 20MA if and when this pair reached the 20MA we can look to sell the rallies by going down to the H1 chart and looking for a hidden divergence to be created and if we get the hidden divergence we will than go to the M15 chart to combine that with a continuing divergence.

EURGBP:

First of all the pair has a down move of more than 20 candles on the Daily chart, on the weekly there is a bullish divergence being created and there is stiff support around .8050 – .80. If price breaks these levels the next level will be around .78. It seems like this is the area around .8050 – .80 is a good place to attack, look to target the opposite band of the Bollinger Bands as we have more than 20 candles ride.

That’s all for now

Until next time

Vladimir