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...]

Price Action Setups: USDJPY, USDCHF and EURUSD

USDJPY pin bar on the daily chart

Want more price action setups? Join our Exclusive Member's Community I mentioned USDJPY in yesterday's analysis, noting that the pair had found support at 105.40 and formed a bullish pin bar last week on the weekly chart. Based on this weekly signal, we were watching for bullish price action on the 4 hour or daily chart. Sure enough, the … [Read more...]

Price Action Setups: AUDUSD, USDJPY and CADCHF

audusd daily forex chart

Want more price action setups? Join our Exclusive Member's Community AUDUSD continues to trade in a very narrow range. The pair is currently range-bound between the .8885 resistance level and the .8655 support level. With the recent downtrend still in play, I am partial to a downside break. However it's important to remain patient and … [Read more...]

Price Action Setups: CADCHF, EURUSD and NZDUSD

cadchf forex daily chart

Want more price action setups? Join our Exclusive Member's Community I mentioned on Wednesday that CADCHF looked as though it might be turning the corner. The pair had been in an uptrend since March where it gained approximately 820 pips. On Wednesday the pair gave up considerable ground, closing below the .8406 key level. The market … [Read more...]

Price Action Setups: EURUSD and CADJPY

eurusd 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community EURUSD continued to move within the 4 hour bearish channel today. This channel began forming in early October after the pair suffered a 1,500 pip decline. That decline came on the heels of a double top that formed between March and May. This channel does look corrective … [Read more...]

Price Action Setups: USDJPY, NZDUSD and CADCHF

usdjpy daily forex chart

Want more price action setups? Join our Exclusive Member's Community USDJPY is currently sitting on a major support level at 105.40. Not only is this the year open but it's also the 50% retracement level from the February lows to the recent high at 110.07. A quick glance at the 1 hour chart tells me that there are buyers willing to bid at … [Read more...]

Price Action Setups: USDCAD, EURUSD and EURNZD

usdcad daily forex chart

Want more price action setups? Join our Exclusive Member's Community USDCAD made a big move today, closing above the 1.127 handle. This level was the year high, acting as resistance in March and more recently on October 3rd. Now that the pair has closed above this key level, we can begin looking for buy signals to join the trend. If we … [Read more...]

How to Protect Yourself From a False Breakout

illustration of a false breakout

One of the more frustrating experiences when trading Forex is the false breakout. It often comes on the heels of a perfect price action pattern that seems to have everything going for it. You set your pending order, the market breaks out as expected, but before you know it the market has fallen back inside the aforementioned pattern and now you're … [Read more...]

Price Action Setups: EURNZD and USDJPY

eurnzd 4 hour forex chart

Want more price action setups? Join our Exclusive Member's Community EURNZD is coming to the end of a terminal wedge on the 4 hour chart. The pair has been in an uptrend since July, but it's important to wait for a close outside of support or resistance before acting. From here we have support around the 1.590 area and resistance just … [Read more...]

Price Action Setups: AUDUSD and AUDCAD

audusd weekly forex chart

Want more price action setups? Join our Exclusive Member's Community AUDUSD was unable to hold intraday support this past week at .8825. This is a sign of continued weakness in the pair that may lead to further losses going into next week. If we look at the 4 hour chart, we can see that the pair has found support at .8860 since the … [Read more...]

Price Action Setups: NZDUSD and AUDCAD

nzdusd daily forex chart

Want more price action setups? Join our Exclusive Member's Community NZDUSD is continuing to react to former trend line support from November of 2011. The pair recently broke this long-term support level on September 26th and has been consolidating below the level since that time. Today the market put in a bearish rejection bar as it was … [Read more...]