Second Skies

AUD/USD – Sell Trade At Corrective Phase Resistance In Heavy Profit (1hr chart) Late last week the AUD/USD formed a corrective price action phase where it triple tapped the resistance around...

USD/JPY – Volatile Trend, Still Looking to Buy (4hr chart) Making a new monthly high today after China intervened in the FX market, the USD/JPY continues to find buyers on pullbacks while...

Nikkei 225 – Building For An Upside BreakoutMinus the spike low on July 7/8, the Nikkei 225 has remained above the key support at 20045 with the Japanese index building a higher base for the...

EUR/USD – Breaks Key Support, Bearish Bias (4-hour chart)The euro took out the key support today around 1.0895. This level had held for the last two weeks with the prior two bounces creating a...

After bouncing off the range support around the 1.08 handle, the euro has been in ST bullish mode gaining a few cents over the last several days.Notice how the 20 EMA and dynamic support is holding...

AUD/USD – Breakdown Occurs, Watch Key RRL (4hr chart) Within hours of our Thursday members commentary, after suggesting the pair would likely break down and look for shorts, the pair collapsed...

EUR/USD – Gapped Down, Under Pressure (daily chart) Gapping down to start the week, the euro is under pressure and I’m expecting a bearish tone for the week, especially because of the...

NOTE: I deliberately wrote the daily commentary today AFTER the market open, knowing damn well the Greece deal not going through would cause major problems and volatility.Caution is recommended...

USD/CHF – Corrective Channel Break Holding (4hr chart) Yesterday in the members trade setups commentary, we talked about the USD/CHF breaking the corrective channel, and that this would likely...

AUD/USD – Large Corrective Structure (4hr chart)For the month of June, the AUD/USD has been in a large corrective structure and channel between 76 and 7850, with 2-3 touches on each...

USD/CAD – Bounces Higher from False Break (4hr chart) Completing our false break setup that we’ve discussed prior, the USD/CAD pulled back today into the 1.2220 support area where the...

EUR/JPY – Corrective Balancing Structure Broken (4hr chart) After ranging for most the month, the EUR/JPY broke the range stalemate taking out the range lows and key support (little bit of a...

EUR/USD – Attack on 1.1445 Seems Likely (4 hour chart) After selling off impulsively late last week, the euro has rebounded strongly over the last few days and continues to build a series of...

EUR/USD – Steady Buying, Key Resistance Ahead (4 hour chart)Slowly marching higher at a tortuga-like pace, the euro has gained over the last few days following the false break setup we talked...

EUR/USD – Looking to Sell (4hr chart) Although we saw a price action exhaustion spike lower followed by a false break and bounce back up towards 1.09, I’m suspecting the Euro will be sold...

USD/JPY – Breakout Of Major Structure, Bullish Bias (Daily chart)As we’ve been saying for weeks now, the USD/JPY has broken out of a major structure which has held serve since the...