Category Archives for Free Forex Trade Setups

Bitcoin: What’s Next After Breaking $46,000?

By Justin Bennett
/ March 28, 2022

Since February, I’ve been eyeing a Bitcoin breakout above $46,000, and the market finally delivered this past weekend.

So with BTC trading above the key area on a daily and weekly closing basis, what’s next?

Today’s video discusses what I’m watching over the next few days and where Bitcoin could be headed in April.

1 Comments

Weekly Market Forecast for EURUSD, GBPUSD, USDCAD, BTCUSDT, ETHUSDT (March 28-April 1, 2022)

By Justin Bennett
/ March 26, 2022

EURUSD continues to move sideways between multi-decade support at 1.0870 and the 2008 trend line at 1.1080.

At the moment, I have no interest in trading EURUSD given the overall choppy price action. I’d rather wait for a breakout in either direction.

But as mentioned recently, I would prefer to trade an upward breakout above 1.1080 as any shorts below 1.0870 are more likely to backfire, in my opinion.

2 Comments

VeChain Rally Not Over According to the Charts

By Justin Bennett
/ March 24, 2022

VET is up 18% since I wrote about the potential for a 40% rally on March 17th.

However, today’s close could determine whether we get a pullback first or if VET bulls can push the market toward my final target.

Today’s video on VeChain covers all of the details.

1 Comments

GBPJPY Breakout Targets 164.00

By Justin Bennett
/ March 23, 2022

GBPJPY is on the move this week after months of consolidating between 149.00 and 158.00.

The target for this breakout is substantial, but current conditions make entering here tricky.

So in today’s video, I discuss the details of this week’s GBPJPY breakout, including two scenarios I’m eyeing.

3 Comments

Bitcoin: Time to Buy According to Tether Dominance

By Justin Bennett
/ March 22, 2022

Recent Bitcoin price action is reminiscent of last year’s June to July price action, but BTC remains mostly sideways.

However, Tether dominance is also repeating something from last year that occurred right before a 60% rally from Bitcoin.

So in today’s video, I discuss what the Tether dominance chart is and how it can help us prepare for what’s to come from BTC.

3 Comments

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About Justin Bennett

Justin Bennett is an internationally recognized Forex trader with 10+ years of experience. He's been interviewed by Stocks & Commodities Magazine as a featured trader for the month and is mentioned weekly by Forex Factory next to publications from CNN and Bloomberg. Justin created Daily Price Action in 2014 and has since grown the monthly readership to over 100,000 Forex traders and has personally mentored more than 3,000 students. Read more...

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