Daily Forex Trading Commentary - Wednesday 12th February 2014
USD/JPY - Inside Bar Below Key Resistance
A price action inside bar formed below key resistance today inline with the recent downward momentum. From here we see potential for price to breakout to the downside and a logical entry would be to place a buy-stop order below the low of Tuesday's bar (for education purposes only).
GBP/USD - Explodes Higher, Contesting Key Resistance At 1.6600
GBP/USD exploded higher today pushing up into key resistance at 1.6600 following the price action pin bars we discussed in our market commentary last week. We would not be surprised to see price... Click here to keep reading this price action trading commentary.
About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.
USD/JPY - Inside Bar Below Key Resistance
A price action inside bar formed below key resistance today inline with the recent downward momentum. From here we see potential for price to breakout to the downside and a logical entry would be to place a buy-stop order below the low of Tuesday's bar (for education purposes only).
GBP/USD - Explodes Higher, Contesting Key Resistance At 1.6600
GBP/USD exploded higher today pushing up into key resistance at 1.6600 following the price action pin bars we discussed in our market commentary last week. We would not be surprised to see price... Click here to keep reading this price action trading commentary.
About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.