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 …
Price Action Charts in Focus
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 …
EURGBP Trading Opportunity | Price Action Commentary | Johnathon Fox
There are many solid trends in place in the Forex markets at present time. Trending markets can be both the easiest and most profitable to trade. The reason for this is because there is a clear direction the market is moving in and it can simply be a case of jumping aboard and riding the waves for …
