The EURUSD is sitting right on support as I type this and looks like it may break lower. If price does break lower a hard and fast move to the next support could be on the cards. The best play in this market is to wait for a pull-back and then short with the overall trend. There is a very strong …
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 …
The Myth of Risk Reward
The Myth of Risk Reward This article today is going to cover one of the biggest myths that Forex traders world over believe in. A lot of traders have many false beliefs when it comes to trading, full stop. However this particular myth hurts traders substantially. The myth we will look at …