Still waiting for the AUDUSD to move lower... image A double top formed on the intraday 4 hour chart suggesting lower prices, we need to see a break of tat neck line and a close below. The daily chart also has a second, larger rejection candle ...

Simple, Powerful and Effective Price Action Trading Strategies

image AUDUSD looking a bit "top heavy" here as a bearish rejection candle was printed when price reacted with a minor weekly resistance level. Price is overextended here, making it vulnerable to a bearish mean reversion move. Using breakout ...

Simple, Powerful and Effective Price Action Trading Strategies

Another chart I'll be watching for signals next week is the GBPAUD which could set itself up into a nice short position... image Waiting for a pull back into the old breakout level, waiting it to see it act as new resistance and create a new swing ...

Simple, Powerful and Effective Price Action Trading Strategies

The GBPUSD hanging around the bearish hot spot now, just waiting for a good sell signal to form. Also the AUDUSD has been on an explosive run lately after some bullish rejection candles seen price fire up into new highs. image Now we're just ...

Simple, Powerful and Effective Price Action Trading Strategies

Now I am waiting for a bearish price action sell signal to form at this old support containment line... image This would make a nice 'breakout and retest of a level' type pattern as any bearish reversal pattern will confirm this as a new swing ...

Simple, Powerful and Effective Price Action Trading Strategies

The gold asia breakout trap pattern did end up producing a nice move... image Those traders who chased price when gold broke out during the early asia trading hours would have been upset. This was a nice false breakout at extended, or already ...

Simple, Powerful and Effective Price Action Trading Strategies

AUDUSD strength remained intact and we've seen the aussie attack that resistance level aggressively again. Due to the aussie strength AUDCAD asia breakout trap didn't produce any bearish follow through and the uptrend still looks intact. The GBPCHF ...

Simple, Powerful and Effective Price Action Trading Strategies

image A breakout trap occurred through a strong resistance level communicating with price action that lower prices are to be anticipated this London/Ny session. Let's see how it goes

Simple, Powerful and Effective Price Action Trading Strategies

If the bearish momentum continues, I am not sure what level the move will find support at. But the 1355.00 level is anticipated to act as support. The bears may end up breaking in and we could even see further downward movement on gold. Just have to ...

Simple, Powerful and Effective Price Action Trading Strategies

Hey Libra Yes I agree with you, my bias on the AUDUSD is to the upside. We just need to see a break of that neckline containment before any upward momentum can develop. Just sitting and waiting for a nice price action signal. A bullish breakout trap ...

Simple, Powerful and Effective Price Action Trading Strategies

image A large bearish rejection candle formed on the GBPUSD when moves higher were rejected in the New York session. There is support below but its looking like this level is going to break, which could see prices fall aggressively. The Forex Guy

Simple, Powerful and Effective Price Action Trading Strategies

No retracement entry, but those who went with the breakout entry option would be stoked. This was such a clear, clear cut and obvious set up, such a shame no retracement prices were available here. image Now the market is testing historical lows, ...

Simple, Powerful and Effective Price Action Trading Strategies

Watching gold this session as an early breakout during the asia session through resistance is failing... image If price manages to sell off past the previous day low, then a breakout trap & reverse trade will trigger here.

Simple, Powerful and Effective Price Action Trading Strategies

image This setup took off very quickly at the market open this week. Hoping to see an intraday retracement for a second opportunity to get in at the retracement price, but a very nice, clear cut, uncomplicated price action setup.

Simple, Powerful and Effective Price Action Trading Strategies

The AUD has produced some interesting price action at the end last week's trading from the NFP release... Check out the AUDUSD... image The AUDUSD has rejected moves higher past this strong resistance level and close back lower. The AUD market is ...

Simple, Powerful and Effective Price Action Trading Strategies

image The failed asia breakout pointed out on the EURNZD market has seen prices weaken as anticipated here. The AUDUSD has now rejected a bullish breakout past the mean value in the Asia session and has now collapsed back in on itself. So there is ...

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An update on EURNZD... image An asia breakout trap occurred during this Asia session which is a warning flag for us in the war room. We generally don't trade asia breakouts as they tend to end up like this. Now the Asia session move has been ...

Simple, Powerful and Effective Price Action Trading Strategies

A nice result from the EURUSD pin bar signal, especially after the disappointment from the AUDUSD produced this week... image A good level now to consider taking profits as the market has gapped away from the mean and rammed into strong ...

Simple, Powerful and Effective Price Action Trading Strategies

I don't trade weekly signals directly, I always try back up weekly analysis with the daily chart. There was a sell signal there but the market is finding support at the mean value. After coming off a monthly bottom I am personally favoring the ...

Simple, Powerful and Effective Price Action Trading Strategies

Wow Libra, you've been trading quite aggressively there. Just be careful not to over trade, I only try to have one trade open at a time. Multiple positions can be stressful to manage, especially if they're all open to being stopped out. Every time ...

Simple, Powerful and Effective Price Action Trading Strategies