The GBPUSD has been trading in a tight range the last couple of months with price unable to move freely either higher or lower. Markets that are ranging can be some of the toughest markets to trade and because of this the best play is to sit aside until price breaks out one way or another. When …
Price Action Charts in Focus
AUDNZD Large BUEB
The AUDNZD formed a solid Bullish Engulfing Bar (BUEB) on the daily chart. This BUEB was discussed in the members area by Johnathon the Head Coach. The BUEB was formed with the trend and at support. Price was also lined up with the 50% Fibonacci point for this market. Once price broke the high …
AUDJPY Breaks the Range
The AUDJPY has broken out higher of the trading range/box it has been trading in recent times. The momentum of the past few months on this pair has been up, so the odds were price would breakout higher like it has. What happens next will become the key point for this market. Will this market now …
