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 …
Price Action Charts in Focus
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 …
EURUSD Sitting on Support
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 …
