Price has moved lower during the recent sessions on the AUDNZD after priced formed a solid bearish engulfing bar (BEEB). This BEEB ticked a lot of boxes such as: - At swing high (value area) - With the strong trend - At an obvious key resistance level. Once price broke through the low of …
Stop Hunting: How Professionals Hunt Stops
The reason trading with price action can be profitable is because whilst the Forex market is random, the humans who trade it are not. The traders and organisations who participate in the market operate out of habit. Given similar situations, humans behave the same way because of their habits. It …
Gold Winding up for BreakOut | Price Action Commentary | Johnathon Fox
The price on Gold has been winding up tighter and tighter over the last few days. On the chart below we can see yesterdays daily candle has formed an inside bar. The last few weeks have been very choppy for gold with no clear bias either way. The safest play in this market is going to be to wait …