Quite a few Forex pairs have formed 2 bar reversals on the daily price action chart such as the USDJPY and GBPAUD charts. Whilst neither of these are perfect price action setups, they could be hinting at higher prices if price can break higher and gain momentum. In yesterday's commentary we …
Pattern Traders are NOT Price Action Traders
Pattern Traders are NOT Price Action Traders With so many new traders coming into the markets every day, price action trading is becoming increasingly popular. The reason price action is becoming so popular is simply because it works, but there is a clear difference between reading and trading …
GBPAUD Breaks & Closes Below Key Support Price Action Level | 14 Jan 2014
The GBPAUD has broken and closed below a key support price action level on the daily chart. Price on the daily chart had been in a clear up-trend with price moving higher since March of last year. Price has now hit a resistance level and started forming a top with price beginning to roll over. Price …
