{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/friday-forex-market-moves-11th-dec-2015\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/friday-forex-market-moves-11th-dec-2015\/","headline":"Friday Forex Market Moves | 11th Dec 2015","name":"Friday Forex Market Moves | 11th Dec 2015","description":"Normally in the daily Forex commentary I write 300-500 words of the latest market happenings, but in today’s commentary I am going to change that up a little and keep the writing to a minimum and let the charts do most of the talking with more charts and less writing.   GBPSGD Daily Chart Price […]","datePublished":"2015-12-12","dateModified":"2019-08-06","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2015\/12\/5gbpsgd.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2015\/12\/5gbpsgd.png","height":"996","width":"1113"},"url":"https:\/\/forexschoolonline.com\/friday-forex-market-moves-11th-dec-2015\/","about":["Price Action Charts in Focus"],"wordCount":408,"articleBody":"Normally in the daily Forex commentary I write 300-500 words of the latest market happenings, but in today’s commentary I am going to change that up a little and keep the writing to a minimum and let the charts do most of the talking with more charts and less writing. GBPSGD Daily ChartPrice on this pair is in a clear range. Price as I am writing this is trying to break the next daily level and attempt to continue moving up higher to the next major range high. This range high could be a high probability level to hunt for short trade setups.Any trades would need to be confirmed with high probability A+ price action trigger signals such as the ones taught in the members only price action course. Daily Chart – Sideways Range EURSGD Daily ChartPrice has recently bounced off the lows of this pair forming a huge Bullish Engulfing Bar = BUEB as I have marked on the chart below. Take note that after price formed the BUEB price paused and formed double inside bars before continuing higher. I say take note because it was this level that price flipped at and held as an old resistance and new support and where price found the support to make the push it is now making higher. Daily Chart – Will Price Test Overhead Resistance? GBPCAD Daily ChartAfter forming the Bullish Engulfing Bar = BUEB down at the low, price has smashed higher, through the range that was in place, through the overhead resistance, and\u00a0now it is moving higher to potentially test the next major daily resistance level. Daily Chart – BUEB GOLD V EURO Daily ChartAs I am writing this price is making a test of the support level, but this could go either way. It is just as likely the support level could hold and price make a push back higher as this level has proved a tough level to crack.You will need to see price break and CLOSE below the support level for this level to be broken to have any chance of looking for potential short trades. Keep a super close eye on the price action and use the Secrets Traders Can Learn From Candlesticks & Price Action lesson as your guide. Daily Chart – Will Price Break or Hold? Related Forex Trading EducationSecrets Traders Can Learn From Candlesticks & Price Action"}