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 …
Price Action Charts in Focus
GBBPUSD Smashes Support – Looking For Shorts
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 …
AUSSIE200 Drops After Classic BEEB
The AUSSIE200 fell away dramatically this week. On the weekly chart we can see a very clear and obvious Bearish Engulfing Bar that gave traders a chance to take part in this huge sell off. Often you will hear traders talk about what the news made the market do etc. I am of the very firm belief …