Swing Trading | Price Action Trading Commentary

Forex School Online'sWeekly Market Summary & Price Action Commentary

Swing Trading | Price Action Trading Commentary was last modified: June 22nd, 2016 by Johnathon Fox

GBPJPY Breaks Lower After Inside Bar Price Action Daily Trigger | 16th Jan 2017

Hey guys and welcome back to Forex School Online’s Charts in Focus!

Today I am looking at the GBPJPY price action chart and in particular how price has now broken below the daily inside bar trigger, after price formed a large gap lower at the start of play on opening.

If you take a look at my daily chart below I have highlighted a bearish pin bar for you that started this move lower that formed around four weeks ago. In the weeks since this pin bar, price has formed a lower low and lower high.

If you take a look on either my chart below or your own GBPJPY Daily chart, you will note that price has also formed four inside bars in that short amount of time with this most recent inside bar being the fifth.

If you are not 100% sure about the rules on the inside bar, then you can read the tutorial here;

The Price Action Inside Bar

With price now making the break lower of the major daily resistance level, forming the lower highs and lower lows, and also making the gap lower, it provides us with the potential to look for short trades and also look at the smaller intraday charts to see what the price action story is telling us down there.

I have attached the 1 hour chart below and as you can see on that chart; the 1 hour chart is full of price action clues and information.

Price has paused and now formed a Bullish Engulfing Bar = BUEB hinting that price may pullback higher and indeed rotate back into the overhead daily price flip level.

If price does move back into the daily level we would need to see A+ price action triggers to confirm any potential trades to get short like the ones I taught in the most recent “Cherry Picking Trading Video”.

 

GBPJPY Daily Chart

Daily inside bar

 

GBPJPY 1 Hour Chart

GBPJPY Inside Bar Price action trigger signal

 

Note: In the next two weeks I am going to be running a giveaway and I will be announcing this via email and social. If you do not want to miss this giveaway, and major lessons and announcements, then join the VIP email list by click the link below;

I Want to Be on the FREEBIE VIP Email List!

 

GBPJPY Breaks Lower After Inside Bar Price Action Daily Trigger | 16th Jan 2017 was last modified: January 17th, 2017 by Johnathon Fox

Previous Forex Price Action Trading Signals


How You Can Cherry Pick Setups From Quick ‘Price Action Flips’

Knowing how and when to pick the best trade setups obviously goes a very long way to becoming a high probability and profitable trader. However; there is something that a lot of traders often leave out and something that a lot of traders just don't even think about in their trading. I grew up around Orchard and fruit farms where the farmers grow all of the fruit for … [Read more...]

How You Can Cherry Pick Setups From Quick ‘Price Action Flips’ was last modified: December 13th, 2016 by Johnathon Fox

Will Key Price Action Flip Come Into Play Yet Again in Gold Market? | 30th Nov 2016

Price is attempting to push off a major daily support level after it has just formed a bullish rejection candle on the daily price action chart of the Gold v USD market. As I write up this summary and price action analysis; price action is attempting to make a rejection of this major daily support level. Price on the daily chart is in an overall sideways market, but … [Read more...]

Will Key Price Action Flip Come Into Play Yet Again in Gold Market? | 30th Nov 2016 was last modified: November 30th, 2016 by Johnathon Fox

The Spanish Price Action Rejection & Breakout? | 15th Nov 2016

Price on the SPA35 daily chart is pondering it's next move after rejecting the major daily resistance level and selling off lower with a strong rejection. Just below I have attached for you both the daily and 2 hour price action charts. On the 2 hour chart you can see this strong and aggressive sell off that occurred in it's clearest. Price attempted to make a fresh … [Read more...]

The Spanish Price Action Rejection & Breakout? | 15th Nov 2016 was last modified: November 16th, 2016 by Johnathon Fox

Price Action Charts in Focus – CADCHF, AUDUS NATGAS *VIDEO | 8th Nov 2016

In today's Charts in focus post I take a look at the price action charts and major current plays in the CADCHF, AUDUSD and NATGAS markets. At the moment all three of these markets are either stuck in a heavy range and sideways / markets and attempting to breakout, like the daily chart of the AUDUSD, or are in an overall market that does not as yet have a clear … [Read more...]

Price Action Charts in Focus – CADCHF, AUDUS NATGAS *VIDEO | 8th Nov 2016 was last modified: November 16th, 2016 by Johnathon Fox

EURUSD Bursts Higher on Back of 4 Hour Bullish Engulfing Bar | 1 Nov 2016

Price on the 4 Hour chart of the EURUSD is bursting higher and breaking away from the major daily level after firing off a solid Bullish Engulfing Bar 'BUEB'. This Bullish Engulfing Bar was rejecting the support level that price has just recently broken lower and below on the daily chart. I have attached just below the daily chart so you can see how price broke lower … [Read more...]

EURUSD Bursts Higher on Back of 4 Hour Bullish Engulfing Bar | 1 Nov 2016 was last modified: November 2nd, 2016 by Johnathon Fox

Will EURUSD Snap Back Into Flip & Engulfing Bar? | 24th Oct 2016

Price has smashed lower, making a really powerful and commanding break of the major daily price action chart support level with a Breakout Bearish Engulfing Bar = BEEB. If you move and go to your own EURUSD daily chart now and mark the same level that I have marked up for you below; you will see that this level is not just a short-term or quick rebound level. This is … [Read more...]

Will EURUSD Snap Back Into Flip & Engulfing Bar? | 24th Oct 2016 was last modified: October 25th, 2016 by Johnathon Fox

Will Oil Market Move to Test Major Price Action Highs? | 11th Oct 2016

Price in the Oil market has been choppy and sideways over the medium term, but in the shorter term we can clearly see on the daily chart that all the momentum has been pushing higher. If you have a look at the chart I have attached for you below, you will see that price on Oil v USD in recent days has been making a strong move higher and if it continues it could move … [Read more...]

Will Oil Market Move to Test Major Price Action Highs? | 11th Oct 2016 was last modified: October 11th, 2016 by Johnathon Fox

Price on USDJPY is Tempting Sellers After Pushing Major Number 100.00 | 4th Oct 2016

Price action on the daily chart of the USDJPY is now moving into and looking to test the major daily resistance and price flip level as I write this 'charts in focus' for you.   How You Can Use Very Big Round Numbers Price is only at this level because after making a crash lower in one huge candle move lower price fell into the Very Big Round Number of 100.00. I … [Read more...]

Price on USDJPY is Tempting Sellers After Pushing Major Number 100.00 | 4th Oct 2016 was last modified: October 4th, 2016 by Johnathon Fox

Did You Catch the 2 Bar Reversal on 1 Minute Chart of SEKJPY? | 27th Sep 2016

Price has now moved lower and back into the swing lows on the 1 minute chart after firing off what was a pretty solid 2 bar reversal, all things being considered. I have included three charts below which I will go through in-depth for you to explain the price action story. But before I go into that further there is something I want to discuss, something about which I am … [Read more...]

Did You Catch the 2 Bar Reversal on 1 Minute Chart of SEKJPY? | 27th Sep 2016 was last modified: September 28th, 2016 by Johnathon Fox