The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels. AUD/USD Analysis In my previous AUD/USD forecast last Thursday, I wrote that the bullish environment for this currency pair in macro terms was likely to continue, and the best trade set up would be a bullish bounce in the $0.7150 area. This was a good call as the low of the day was just a couple of pips above that level, and towards ... (full story)