The two day chart of the GBPCHF has formed a bearish Pin Bar Reversal. This Pin Bar is formed rejecting the recent resistance level and is also formed in-line with the recent trend which has been lower. The near term support level for this pair comes in fairly close below around the 1.4070 level. …
How to Trend Trade the Forex Markets
Have you heard of the saying “The trend is your friend, until it bends”. In our students area we are always encouraging new traders to only make trend trades because this is one of the very few Forex sayings that is entirely accurate. What many traders have a problem with is that they know …
GBPUSD Retrace and Trading Oppurtunity
The GBPUSD has been in a heavy down-trend in recent times. This avalanche lower was kicked off by a large false break Pin Bar that stuck out up at the high and away from all other price. People that follow this blog would know that a common mistake traders make is by trying to trade against to …