Get 40% Off
Lifetime Access
to Daily Price Action.
Ends October 31st!
30
Days
08
Hours
47
Minutes
51
Seconds
Category Archives for Free Forex Trade Setups
GBPNZD Lower Highs Point to Imminent Breakdown
-
By
Justin Bennett
- / October 26, 2020
On March 18th, I wrote about an ascending channel on GBPNZD.
The pair was trading at 2.0300 at the time and was breaking down from a channel that extends from the July 2019 lows.
That breakdown led to a 1,300 pip selloff.
For the last 14 weeks, GBPNZD has had little to no direction.
Continue Reading(Video) Weekly Forex Forecast for EURUSD, GBPUSD, USDJPY, AUDUSD, VETUSD (October 26 – 30, 2020)
-
By
Justin Bennett
- / October 25, 2020
The EURUSD gained a decent amount last week after a slight pullback the week before.
If you saw Wednesday’s video, you know that I managed to get long here.
As I mentioned in that video, I liked the idea of the 1.1815 area becoming new support.
That’s exactly what happened between Thursday and Friday.
Continue ReadingEURAUD: Next Week Hinges on 1.6570
-
By
Justin Bennett
- / October 23, 2020
EURAUD is testing a critical level as new support today.
I wrote about the potential for a breakout above 1.6570 on October 16th.
I was looking for a daily close above that level to confirm the breakout and get long.
As I mentioned to DPA members earlier in the week, I managed to get long with an average just higher than 1.6570.
Continue ReadingVETUSD Continuation Pattern to Trigger a 100% Move
-
By
Justin Bennett
- / October 22, 2020
I first wrote about VeChain’s token VET on June 26th.
At the time, it was trading around $0.0088.
Shortly after that post, VETUSD went on a 150% run.
What’s noteworthy about that rally is that it took just eight days.
Continue ReadingUSDJPY Reached Our 104.20 Target, What’s Next?
-
By
Justin Bennett
- / October 21, 2020
On October 9th, I wrote about how USDJPY would remain bearish below 106.50.
Then on October 14th, I mentioned how the lower highs since February pointed to a retest of 104.20.
The pair was also breaking out of a small rising wedge formation.
On top of that, USDJPY has held below the 106.50 resistance area, which used to be the bottom of a large symmetrical triangle.
Continue Reading