Learn How to Trade Forex Price Action

justin bennett-greyscale

Do You Ever Wonder How Professional Forex Traders Pull Consistent Profits from the Forex Market? Well, this is your chance to find out. How would you like to learn how to trade Forex price action directly from me? Get access to my entire price action course, see all of the daily setups and get feedback directly from me. … [Read more...]

USDZAR Finds Buyers at Trend Line From 2011

USDZAR 4 hour forex channel

Want more price action setups? Join our Exclusive Member's Community Today we're going to take a look at an exotic pair that I don't trade often, but when I do it typically produces considerable returns. USDZAR found support today from a trend line that dates back to July of 2011. USDZAR weekly chart In addition the pair also … [Read more...]

EURUSD – Wash, Rinse, Repeat?

EURUSD 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community Last week certainly finished with a bang for the Euro as several pairs sold off heavily going into Friday's close. I'll admit, I wasn't expecting such a volatile close to the week, but Friday's price action did set us up with a few pairs to watch going into the new … [Read more...]

AUDUSD at Risk of Further Losses

AUDUSD 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community Today we saw the market take a breather after some impressive moves to start the week. I don't expect to see too much movement to close the week either as tomorrow's docket looks relatively light. That said, we have a few pairs to watch going into next week with AUDUSD … [Read more...]

NZDUSD Teetering on Key Support

NZDUSD 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community As mentioned in yesterday's commentary, NZDUSD came under pressure sub .7970. This was the level that acted as resistance for most of October and more recently acted as resistance this month to form a double top. Also mentioned yesterday was the key horizontal support … [Read more...]

NZDUSD Under Pressure Sub .7970

NZDUSD double top 4 hour chart

Want more price action setups? Join our Exclusive Member's Community NZDUSD is starting to show some weakness again below the .7970 key resistance level. The pair had recently found resistance there in October and the level has come into play once again this week. I'm not a huge fan of using double tops on the 4 hour chart as I typically … [Read more...]

Having No Position is Having a Position

the chess game of the forex market

What is it to "have a position" in Forex? Most traders take that to mean that they have an open trade. That is, they have some capital at risk. While this may be the most literal meaning, I say otherwise. Having a position should translate to whether or not the market is producing a favorable setup. Not whether you have any open … [Read more...]

“Make or Break” Time for USDCAD

USDCAD 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community The Forex market was fairly uneventful today as most currency pairs consolidated to start the week. However tomorrow's event risk should get the markets moving again and will likely persist through Thursday. USDCAD has been in an uptrend since the pair put in a major … [Read more...]

USDCHF Approaching Key Inflection Point

USDCHF 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community The end of last week brought about a shift in momentum across several pairs. And going into the last few weeks of the year, the threat of reversals certainly can't be ignored. That said, it's important to continue to respect trends as long as those trends remain … [Read more...]

USDCHF Top in Place?

USDCHF 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community Today we saw USDCHF finally close below neckline support. This is the key level that we've been watching to confirm the head and shoulders pattern that's best seen on the 4 hour chart. This pattern signals a potential reversal and as such we can look to sell this market … [Read more...]

EURUSD Triangle in Play

EURUSD 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community We start today's analysis with EURUSD. The pair has been in a steep decline since May, losing 1,600 pips along the way. Recently we saw the market trade below former support at 1.2500, which is now acting as resistance. Not only did this level act as support in early … [Read more...]