Every week our non-edited trading desk strategy remarks in deep analysis and medium term trading strategy.  TRADING DESK STRATEGY REMARKS AND MEDIUM TERM TRADING PLAN NON-EDITED -For——- Trading desk Main trading strategy  focus still on $DXY As noted in our last week strategy we didn’t shift strategy from long USD

Many of the traders confuse wedges with triangles although rising and falling wedges are easily distinguishable from other chart patterns. The rising wedge patterns are usually reversal patterns, and they are developed when prices are reaching higher highs and higher lows. It is an ascending price action that is narrowing

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Forex five most traded pairs technical analysis 4-hour time frame EURUSD, GBPUSD, USDCAD, NZDUSD, USDJPY EURUSD The pair is rejected from the 1.0630 level and is near a test of 1.04890 for the downside extension targeting 1.0350 level. SL on short trades should be above 1.0650. No change in view

Forex Majors technical analysis EURUSD, GBPUSD, USDCAD, AUDUSD, NZDUSD, EURGBP, USDJPY EURUSD The pair has broken below the wedge 1.07100 level and briefly tested 1.0520 level. Below this level target is 1.0440 short-term. Look for short trades only with SL above 1.06600. Invalidation of the next leg lower only in the