The EURGBP has formed a Bullish 2 Bar reversal on the daily chart. This pair is showing very interesting signs on the daily chart. Price has sold off from the recent highs and now formed a reversal signal rejecting the low. Price is trading back into an area that in the past has …
AUDNZD 4HR BEEB
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 …
