Forex comentary

EURUSD:  dominant uptrend looks like its going to continue, bad data from US economy is taking a hit on the Dollar, target is clear on 1.5000 while your first support should be on 1.4520 and second at 1.4350. The strategy should be long on this trade, remember to tight your stops.

AUDUSD: australian dollar is going sideways, main strategy should be a break on the resistance level of 1.0772 as long as it doesnt close under the EMA 8, a second strategy should be the break of the support level at 1.0580 and a target drop to 1.0437

EURJPY: the euro is going strong against the yen, a main strategy shoud be the break of the resistance level at 117.7 and target at 121.8 on the mid term.

Remember to set up your stops and remember "dont let your emotions fool you"

A fast introduction

To get started with this blog and all that is coming i want to start off by saying some things that you will notice day by day when you visit the blog, to start i have to say that all charts will be read on japanese candlesticks, which in my opinion, are the very soul of chart reading, support and resistance levels located in important turning points and together with some indicators will give us just about enough data to get into a good trade.

Happy trading

Welcome to Forex Pro Trading

Hello and welcome to Forex Pro Trading, this is a blog dedicated to share with all the trading comunity my view about the forex market, i have to say first of all that neither this blog nor the author of it, are responsible for any losses that you may take if the market turns against you, that said, i hope you enjoy reading this blog as i will writing on it.

Happy Trading