Last week the USDCHF formed a very solid Bearish Engulfing Bar at resistance. Price has now sold of and given Price Action traders a chance to take profit. Price is now at recent support. If price breaks this support we may see a sustained move lower, however if this support holds a retest of the …
GBPUSD Stuck in a Range
The GBPUSD is still stuck range trading in a tight box. Price has been struggling to go either higher or lower from this box in the last week. When price eventually break out one way or another we will be given a much clearer idea of whether to start looking for long or short …
Price Action That Sucks Traders In
Price Action That Sucks Traders In... Common Price formations that Price Action Traders use to enter the market such as Pin Bars, Inside Bars, Engulfing Bars and Two Bar reversals form on all time frames, all pairs and regularly. Traders that are new to the Price Action Trading method tend to …
