This is a study of AUD/USD price action from a novice forex trader's perspective just shy of 2 years live fx trading The aim of this study is for me to get better at the following: identifying "key" support and resistance levels identify good trade setups based off of my analysis of these support and resistance levels better understand the currency pair's...
So here is an XAUUSD update The short position is still holding, and with a strengthening dollar price should hit the target within 6-8 weeks. Happy Shorting
GBPUSD going to test 1.2860 resistance zone. Looking for a price action sell signal on that zone. Next support level is 1.2330 & 1.20 Happy Trading...!
This is an excellent example of price action. Price broke 0.7460 support zone and after that just retest new resistance few days ago. New resistance is also nearby of Fibonacci 50% level. In the retest time price prints a bearish pinbar. We can see long time sell on this pair in the coming days. Happy Trading...!
We just put in a double top on the daily bar at 79. We are also at the top of the range inside a daily supply zone. Looking for price to explode to the downside.
USDCAD did a wonderful bounce off the Daily Supply level @ 1.325-1.315. Now we are looking for it to continue down
On the GBPJPY we are waiting patiently for price action to confirm the downside momentum as we await the UK open. So far so good we are just waiting for a new low at 133.4.
AUDUSD has nice confluence of multiple timeframe zones with the Weekly and Daily timeframes and a good second pullback to the supply zone. The other nice thing about this is the trendline to the downside.
EURUSD good S/R level. Expecting reversal to bullish side. Free Forex Education Classes, every week: www.imlfx.club
UK EU Referendum (Brexit) vs Scottish UK Referendum Price Action Forecast: - We will use the difference in ATR and volatility between the 3-day run up into UK EU Referendum (UER) and the Scottish UK Referendum (SUR) in order to forecast what we expect price action to show on the 22nd, 23rd and 24th. 2014 SUR 3-DAY EVENT (17,18.19) 1. 1-Period ATR for the...