Daily Price Action
Shares

Category Archives for Free Forex Trade Setups

GBPUSD Reversal Targets 2019 Level

Shares

GBPUSD appears to be forming a near-term bottom near the channel support we’ve discussed recently.

The potential inverse head and shoulders reversal could send GBPUSD 200 pips higher this week.

So in today’s video, I discuss what it will take for the pound to confirm the setup, my targets, and invalidation levels.

Continue Reading

Weekly Market Forecast for EURUSD, GBPUSD, NZDUSD, ETHUSDT, DOTUSDT (March 21-25, 2022)

Shares

EURUSD tried to get through the 1.1080 resistance area last week but failed.

That’s the region that euro bulls have to clear on a daily closing basis to flip it to support and expose 1.1480. Until then, it’s resistance.

Support for EURUSD remains that 1.0850 area, which is channel support from the early 2000s.

Continue Reading

USDCAD Bearish Engulfing Week Amid Larger Breakout Play

Shares

USDCAD is carving a bearish engulfing week within the consolidation pattern I discussed earlier this month.

Although not there yet, the coming USDCAD breakout promises to be worth the wait.

Get all the details and see exactly how I’m trading it in today’s video.

Continue Reading

VeChain 40% Rally Likely Above This Level

Shares

VeChain (VET) is a cryptocurrency I bought and also wrote about on this site in 2020. Ten months later, it was up 3,000%.

While I don’t think we’ll see a similar move for quite some time, VET could be on the brink of a 40% rally.

Get all the details and see exactly how I’m trading it in today’s video.

Continue Reading

GBPUSD: Trading a Reclaim

Shares

GBPUSD has reached a key support area ahead of today’s FOMC.

I mentioned the 1.285-1.295 area in last weekend’s forecast, and the pound is catching a bid just above this region at 1.30.

However, attempting to trade GBPUSD here is risky for a couple of reasons.

The first is today’s Fed rate decision and statement at 2 pm and 2:30 pm EST, respectively.

Continue Reading