EURUSD currency pair was moving in a channel for some days. Today at 4AM EST, Nov.25th, German Info Business Climate Report is going to release. I looked for the report in forexfactory and the actual is greather than forecast. This is in favor of EURO so there is much probability of EURUSD pair go up. Once the currency pair crossed the upper channel line I entered the trade. Moreover I observed the 4 hour chart also. In four hour chart the bullish candlestick has clearlry crossed the trend line. Moreover in four hour chart the bollinger bands are going up and there is a very good distance between the candlestick and the upper bollinger bands upper line. The following are the hourly and four hour EURUSD charts.

EURUSD Hourly Chart:

EURUSD hourly graph crossed the upper channel line

EURUSD Four Hour Chart with Channels:

EURUSD four hour chart crossed the upper channel with clear bullish candlestick

USDCHF currency pair also moving in thrend lines for some time. The hourly graph crossed the bottom channel line with a clear and strong bearish candlestick. Moreover the four hour chart also crossed the bottom channel line with a strong bearish candlestick. And also genereally the USDCHF currency pair moves in the opposite direction of EURUSD. So I entered a short trade. The following are the pictures.

USDCHF Hourly Chart:

USDCHF currency pair clearly crossed the lower channel line with a strong bearish candlestick

USDCHF Four Hour Chart:

USDCHF Four Hour Graph Clearly crossed the lower the channel line with strong bearish candlestick

GBPCHF is forming a symmetrical triangle in hourly chart as of Nov, 24th, 2009, 2 AM. Since the trend is downwards if it breaks downwars with a strong bearish candlestick then I would like to enter the short trade. What do you guys think of this trade? Check the picture.

GBPCHF forming symmetrical triangle:

The above is a GBPCHF hourly graph forming a symmetrical triangle

The above is a GBPCHF hourly graph forming a symmetrical triangle

The folloiwng is the USDJPY hourly chart as of NOV 23rd, 12 AM EST, 2009. The USDJPY is moving in trend lines. The London market start at 3 AM EST. I am thinking it will break down the bottom trend line as the trend is currently down. Once the London market starts it will continue the downtrend. Check the following picture.

USDJPY hourly chart:

USDJPY currency pair moving in trend lines

MACD divergence is a very good technique the gives profits most of the times than any other techniques I observed. The following is one the trade I took on AUDNZD based on the MACD divergence. If you want to learn more about the MACD divergence check my article at http://www.forexbees.com/content/macd-divergence-trading-very-powerful-forex-trading-technique. The following the AUDNZD hourly chart. I am using MACD indicator below that. If you observe the graph, the hourly graph is showing higher highs but if you observe the MACD it is showing lower highes. It is indicated by the trend lines. If you observe the trade at the highest point it formed a very good candlestick with a long tail and short body. After this a strong bearish candlestick is formed. I entered the trade immediately. This is a good trade. Check the following picture.

AUDNZD MACD Divergence Trade:

Entered the trade when the candlestick with long tail and small body after that a bearish engulfing candlestick is formed.

As explained int he forum post http://www.forexbees.com/forex-forums/looks-euraud-head-and-shoulders-forming the EURAUD currency pair broken the neck line of the head and shoulders formation a few hours ago but I could not taken trade as I was in bed. I waited for the trade to retrace back to the alligator and now it formed the bearish engulfing candlesticks at the alligator and after the completion of the bearish candlestick I entered a short trade. There is no strong support line also anywhere on the bottom. It should follow a downtrend I am thinking. I used a stop loss of 15 pips above the candlesticks as you see in the picture. I will update about this trade in the comments section whenever I close it or whenever it hits the stoploss. The following is the screenshot.

EURAUD short trade:

EURAUD short trade

EURAUD broke the neck line of the head and shoulders format and I entered a short trade whenever it retraced back to the alligator and a strong bearish engulfing candlesticks are formed.

The following is the EURNZD hourly graph as of NOV 23, 4AM EST. The trend line that is drawn is broken with strong bearish candlesticks. So I am entering a short trade. I will update the reusults in the comments.

EURNZD sell trade:

EURNZD currency pair is sold as it broke the trend line

The following is the GBPCAD hourly graph. The trend line was broken a few hours ago and it retraced back. Eventhough it did not touch the trend line a strong bearish candlestick is formed. Its an alligator and candlesticks technique. Moreover there is no strong resistance lines anywhere at the bottom for this currency pair. So entered a sell trade. I will update the results in the comments tomorrow.

GBPCAD currency pair sold:

GBPCAD currency pair is sold as the trendline was broken earlier and now a strong bearish candlestick is formed

The following is the EURUSD hourly graph. It is with in the trend lines for some time but today Nov. 23rd 3AM EST, after the london market started its started breaking the trend line with strong bullish candlesticks. So I am entering a long trade for this currency pair with stop loss below the trend line. I will update about this trade in the comments section.

EURUSD Buy Trade:

EURUSD currency pair is bought as the resistance line is broken with a strong bullish candlestick

The following is the USDCHF hourly graph. It is with in the trend lines for some time but today Nov. 23rd 3AM EST, after the london market started its started breaking the trend line with strong bearish candlesticks. So I am entering a short trade for this currency pair with stop loss above the trend line. I will update about this trade in the
comments section.

USDCHF sell trade:

USDCHF currency pair is sold as it broke the bottom resistance line with strong bearish candlesticks

The following is the USDJPY trade I entered I entered on friday as at the resistance line it formed a bearish candlesticks. Also the Commodity Channel Index indicator is above the 100 line. I enetered the short trade whenver the candlestick is completed. I put a stoploss of 15 pips above the candlesticks. I put the take profit at the bottom line of the bollinger bands. It looks like now the CCI has reached below the -100 line. I will wait until it hits the take profit line. Otherwise I may clsoe the trade with out hitting the take profict line as the CCI has already reached below the -100 line. I will post it in the comments.

USDJPY Short Trade:

Entered the trade after it formed the bearish engulfing candlesticks at the resistance line and the CCI is above the 100 line

The following picture shows a strong support line for GBPUSD hourly graph. As I posted in the forum topic
http://www.forexbees.com/forex-forums/gbpusd-possible-trade-opportunity the support line is broken with a strong bearish candlestick so I have entered the trade. The next support line is drawn at the bottom and put the take profit there. A stop loss of 15 pips above the recent high is used. I will wait until tomorrow and update the results in the comments section. I am hoping this will reach the take profit line as the strong support line is broken. Check the following picture.

GBPUSD strong support line broken:

The above picture showing strong support line broken so entered a short trade

The following are the two trades I entered using the MACD divergence. EURNZD and AUDNZD. Right now the time is 3 AM EST, Nov 20, 2009. A few hours back MACD divergence is formed on the above pairs. If you check the following charts which are hourly graphs, you can see the divergence. The graphs are showing the Higher Highs but the MACD is showing the lower highs which is shown using the trend lines. At the second highs on the two charts a bearish engulfing candlesticks are formed and once the candlesticks are completed, immediately entered short trades on both of those currency pairs with a stop loss of 15 pips above the candlesticks. I am also using bollinger bands and put the take profit lines at the bottom of the bollinger bands. Once the trades hit these take profit lines the trades will close in profits.

If you want to check the MACD divergence technique, you can check it at http://www.forexbees.com/content/macd-divergence-trading-very-powerful-forex-trading-technique. This is a very good technique. Right now one of the trade is in proifts and another trade is in little loss but I am expecting both the trades to close in profits. I will leave this for now and check it tomorrow.

EURNZD Hourly Chart:

The above EURNZD hourly chart showing the MACD divergence trade opportunity

AUDNZD Hourly Chart:

The above AUDNZD hourly chart showing the MACD divergence trade opprotunity

I will update whether I lose the trade or win the trade in the morning in the comments section.