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I posted the other day about USDJPY flirting with disaster. Of course whether it’s actually a “disaster” really depends on which side you’re on when the time comes 😉 Regardless of whether you’re a USDJPY bull or bear, there’s a question that I think we can all agree is common ground – how important is […]Continue Reading
Yesterday I posted about the bearish daily pin bar on USDCHF. See that post here. Just now on the 4 hour chart, a bearish pin bar formed at the same resistance level. There are certainly no guarantees in the Forex market, but price action signals such as this can be used to give further confluence to a […]Continue Reading
A lot to cover today, so let’s get right to it… I’ve been posting about this USDJPY wedge for the past week. Under normal circumstances, a wedge coming off a strong uptrend such as this would be considered bullish and therefore favor a break to the upside. However the fact that price action is back at […]Continue Reading
A lot to talk about today as we had some large moves in several currency pairs. Some of these moves were rather surprising, including the large bearish day for GBPUSD and other Pound crosses. But before we get to those, let’s see where we are with AUDUSD. For those who have been following along, you know […]Continue Reading
A 4 hour pin bar just formed on the AUDJPY at support. The pair has been trending up since May 5th and based on this bullish pin bar, looks to be ready to retest recent highs at the 96.2 level. We’ll have to see how things play out from here. It’s important to keep in […]Continue Reading