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...]

EURUSD: Where to From Here?

EURUSD key support and resistance levels in focus

Could the EURUSD be trying to rally from current levels? Trying, yes, but succeeding to do so will be a challenging task. The pair came under heavy selling pressure early last week after rallying nearly 1,000 pips from mid April to mid May. The selling didn't slow as the bears managed a weekly close below key support at 1.1050, carving out a … [Read more...]

Don’t Count EURCAD Out Just Yet

EURCAD potential inverse head and shoulders on the daily time frame

EURCAD has been an interesting pair to watch over the last two weeks. After losing ground last week the pair had no trouble finding buyers at the 1.3430 support level early this week. You may remember the commentary I published on May 14th. In that commentary I called attention to the importance of this area and more importantly, what a break … [Read more...]

GBPUSD Decline Could Accelerate Sub 1.5353

GBPUSD key levels in focus

I mentioned GBPUSD in the weekend commentary, noting the break of channel support on May 22nd. Since then the pair has drifted 140 pips lower and recently broke key support on an intraday basis. The 1.5353 level provided support for the pair during yesterday's session, however the recent 4 hour break offers a chance to look for short … [Read more...]

CADJPY: The Battle Lines Are Drawn

CADJPY kep level within ascending channel

The CADJPY bulls have put up a good fight over the past four weeks but the opposition may be about to win out. Since late April the pair has spent most of its time digesting gains made from the rally that began on April 1st. During this time the 98.64 level has played a very obvious role as an area of value for buyers. However price action of … [Read more...]

Forex Pyramid Trading: Case Study

AUDJPY pyramided short position on the 4 hour time frame

The Forex pyramid trading strategy is the most lucrative strategy that I have come across thus far in my trading career. That's saying a lot considering I've been trading since 2003. Why is it so powerful, you ask? Because it offers virtually unlimited profit potential without the increased risk of loss. And as we all know, the number … [Read more...]

GBPAUD Looks to 1.9760 for Support

GBPAUD key support level on the daily time frame

After a rocky start to the week, GBPAUD has found its footing. The pair is now up 280 pips on the week and looks to have solid support just below current levels. I mentioned GBPAUD on Tuesday as the pair was in the process of carving out a second wedge pattern. In the commentary I noted that we should wait for a 4 hour close above resistance in … [Read more...]