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Private Group Forex Trading Market Analysis
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Eur Gbp Forex Trading Market Analysis

Below is our daily market analysis for our private group members.This is something that i found useful and i would like to share with you guys.

3rd Jan 2011 Forex MarketAnalysis

The Eur Gbp main trend is down in the monthly chart, marking lower lows and lower highs. Price too formed a two bar low which is a price action trend continuation signal.

On last week post, i noted that price had broke the previous pin high and the 365 ema. Therefore price should head upwards. On the 1hr chart, there’s a series of bullish price action signals for us to take it up and would have taken either partial or full profit at this time.
Since the main trend is still down, price should retrace and still head upwards temporarily and we should watch for STRONG bearish price action signal to take it back down/

eurgbp3j1
5th Jan 2011 Forex Market Analysis
The Eur Gbp came down faster than expected due to the bullish gbp news yesterday. It is still within our expectations and we can enter bearish on retracement with PA confirmation.

audgbp5j
10th Jan 2011 Forex Market Analysis
This was something discussed in our group yesterday:

The Eur Gbp – On our last post we were waiting for retracement to enter short. If we looked closely enough at the 1hr chart, we do get price action entry point. But there were not any in the daily chart as price went down quickly. This is due to the extremes on both end, the weakening euro and the strong gbp. We should always look for these kind of trades to enter, as they will reap good rewards fast!

eurgbp10j
This is a quick snap on what we discussed in our private group, and i hope you find it useful.

Asia Forex Mentor,
Ezekiel Chew

ps: Click the “like” button and drop a comment below. =)

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About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

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About Ezekiel Chew
About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.

GET THE PROPRIETARY ONE CORE PROGRAM
(The same system I use to make 6 figures a trade with)

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