Taking a look at the 7x email alerts for Currencies for the week of Sept 25

This week in the currencies world, we had 2 majors pairs show up on 7 time email alerts.  Typically a 7 time email alert is high probability for a trend to begin. But it can also be a high probability to reverse. Lets take a look at this past week high probability email alerts.

audjpy alert

 

Lets take a look at the 4hr. We can see we have a break out. Its in a pull back. If this break out is to stay bearish, it needs to break the tenken-sen and pivot low. If this level holds, look for a possible reversal.

 

 

 

audjpy chart

cadjpy alert

 

Here we have the cadjpy. We took a look at this last week. It broke out of the cloud and did a pull back to the SKB for a short to the pivot low of the consolidation. But we are in the same place as the audjpy. Needs to break support to stay bearish. If not look for a reversal to retest the top of the consolidation.

cadjpy chart

 

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.

About the Author Michel Colquitt