A1 Trading Forex Analysis

2021-02-11 14:00:06 GBPNZD, Daily

This pair has been falling in price, following the descending trend line for almost a whole year now. Recently, we've been seeing GPB gain strength against the NZD, this could be for multiple reasons such as the vaccine rollout which would stabilise price in the medium-term, we also had the BoE keep its Official Bank Rate unchanged at 0.10%, and its QE program at £895B. We're seeing price gradually increase now, forming a ascending triangle pattern. I think price could bounce off the trend line, then reverse at the Daily-OB and continue forming a new trend and working it's way up increasing in price.

- Bart Open / Comment

2021-02-11 12:00:06 Are You Ready for Full-Time Forex Trading?

Bart just posted an article on the important lessons traders learn after their first year of trading. Take a read!

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2021-02-11 10:31:06 USDJPY, H4

Price nearing that H4-OB I’ve been pointing out over the past week or so. Once we do see price at that ascending trend line, look out for buys just below at the OB, looking to target new highs in the uptrend.

- Bart Open / Comment

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2021-02-10 23:31:06 GBPUSD, Daily

Was expecting a fall to atleast the H4-OB however we missed it by just a bit and price is now making it’s way to the channel’s top. If you’re looking to go long on this pair I would recommend waiting for price to retrace to atleast the 1.375 level or better so the 1.365 level then waiting on clear rejection candles.

- Bart Open / Comment

2021-02-10 22:56:03

Open / Comment

2021-02-10 20:01:06 USDJPY, H4

Price nearing this new ascending trend line and most importantly the H4-OB where I’m looking to go long if price does not break any lower and we see signs of a rejection. If however we do, like for instance a possible liquidity raid, then I’m more keen on taking longs at the Daily-OB.

- Bart Open / Comment