The GBPUSD tested support overnight and smashed right through it. This area was previously seen as a chance to get long if Price Action presented. This is why waiting for solid Price Action setups to open a trade is key! Now the market has shown it's hand, and price is definitely bearish. Rally's …
Market Over Extended
This past week the market in most pairs has been moving very strongly in one direction. Nearly all pairs are over extended and due decent pullbacks. As we know price does not go straight up or down and has to retrace at some point. When the market does move back into some value areas is the time …
AUDUSD Closes Under Parity
The AUDUSD has been getting flogged lower in the last couple of weeks. From a high of over 1.0800 price has moved lower to now being under parity for the first time in quite a few months. You will note a Pin bar reversal changed the direction of this market at the very top. Price Action traders …
