Forex Trading University - Price Action Trading Commentary

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.

Daily Forex Trading Commentary - Thursday 13th February 2014

EUR/USD - Making Higher Lows, Retest Of 1.3800 On The Cards

The pin bar we discussed in our market commentary on Tuesday did push lower yesterday but the losses were short lived as the market exploded higher by nearly 100 points today. This has produce a higher low which is a classic sign of a bullish market and we now see potential for this market to retest key resistance up near 1.3800.



Gold - Solid Uptrend, Looking For Price Action Buy Signal From Dynamic Support

The Gold market pushed higher again today as the bulls remained in control above 1280. From here we will... 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.

Nice thread Lewis..very similar to Nial Fullers PA trading style.

Weekly Forex Trading Commentary - Sunday 16th February 2014

AUD/JPY - Price Rejecting Dynamic Support, 94.00 Insight

This market is currently rejecting dynamic support depicted by the EMAs and is well positioned above key support at 91.00. From here we see potential for this market to push higher possibly back up to retest key resistance at 94.00, if you want to see the exact entry details of our live trade on this pair then check out my member's area where I have published it in the forum.



GBP/USD - Price Explodes Higher From Key Support, Waiting For Correction Before Buying

The pound exploded higher last week following the tripple bullish pin bar setup​ that occurred down at support near 1.6300. A correction in this market is well overdue now and it is clear that price is... 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.

Daily Forex Trading Commentary - Monday 17th February 2014

GBP/USD - Correction Back To Dynamic Support

The correction we discussed in our weekly commentary has begun in this market now. We are waiting for price to move back to the EMAs before looking for price action buy signals on the daily / 4-hour timeframe to trade inline with the dominant uptrend.



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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.

Daily Forex Trading Commentary - Tuesday 18th February 2014

GBP/USD - Correction Continues, Confluence Coming Up Below

The GBP/USD dipped back further again today towards the 8-day EMA. There is quite a lot of confluence coming in below and the trend is definitely still up so we favor looking for long positions here. Traders can look out for price action buy signals on the daily / 4-hour timeframe tomorrow to rejoin the bullish momentum in this market. There is big news out of the UK tomorrow morning so we expect to see movement on this pair (probably to the upside).



Crude Oil - Market Explodes Higher, Smashing Through Key Resistance, Uptrend Well And Truly Intact

The Crude Oil market exploded higher today smashing through key resistance at 100.75. There really was no reason to... 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.

Daily Forex Trading Commentary - Wednesday 19th February 2014

GBP/USD - Price Stalls Above Dynamic Support

Price stalled today above dynamic support as it showed a little rejection of the 8-day EMA. We would have liked to see a more obvious price action signal occur from here before buying but equally we would not be surprised to see price push higher from here into the end of this week as the uptrend regains momentum. The alternative scenario would be a deeper retracement back down to 1.6600, something we need to be acutely aware of as this market develops over the next couple of days.



GBP/JPY - Bullish Price Action Pin Bar From Dynamic Support

This setup is an interesting one, it is showing rejection of lower prices and we would not be surprised to see... 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.

Daily Forex Trading Commentary - Thursday 20th February 2014

AUD/JPY - Bullish Price Action Pin Bar From Key Support

The AUD/JPY dropped a bullish pin bar from key support today as price pushed down almost 100 pips before closing the day slightly up. From here we see potential for a pop higher and there is just about enough room for 1:2 risk / reward if this trade is entered after a small retracement.



Dow Jones - Price Action False-Break From Key Support

The Dow Jones produced a false-break​ at... 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.

Weekly Forex Trading Commentary - Sunday 23rd February 2014

GBP/USD - Price Sitting Just Above Key Support, Watch Out For Price Action False-Break

Price is currently sitting right above key support at 1.6600 and we will be watching out for a bullish price action false-break early next week. If price closes below 1.6600 early next week we could see a move back to 1.6300 - either scenario seems equally likely right now.



EUR/USD - Price Action Inside Bar, Watch Price Action Near 1.3800

This market dropped a price action inside bar​ in Friday's trading session right from dynamic support. Unfortunately there is... 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.

Daily Forex Trading Commentary - Monday 24th February 2014

GBP/USD - Price Action False Break From Key Support

This pair produced a false break of key support at 1.6600 today as predicted in our market commentary yesterday. From here we see a high probability that this market will push higher as the uptrend resumes. There is even room for 1:3 risk / reward before price runs into 1.6800 if a buy-limit order is placed around the 50% retracement of the pin bar that formed today (for educational purposes only).



NZD/USD - Bullish Price Action Outside Bar, But Not At A Level Of Any Significance

This pair did produce an outside bar today however... 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.

Daily Forex Trading Commentary - Wednesday 26th February 2014

AUD/USD - Market Continues To Slow Below Resistance, Making Lower Highs

This market has continued to slow below key resistance over the last week or so. The last 3 days of trading have seen this market form a lower high and now we see potential for a rotation lower after a small push higher as depicted by the arrows on the chart below.



GBP/USD - Market Dips And Rejects Dynamic Support, Pop Higher Soon?

This market rejected dynamic support today and gave a good opportunity to... 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.

Daily Forex Trading Commentary - Monday 3rd March 2014

GBP/USD - Market Dips Back To Dynamic Support, Bias Remains Bullish Above 1.6600

This currency pair dipped back to dynamic support as the markets sold-off aggressively relating to concerns of political unrest in Ukraine. We remain bullish on this market whilst price closes above 1.6600 and would recommend looking for price action buy signals on any dip back to dynamic support to join the recent strength here.



NZD/USD - Bearish Price Action False-Break From Key Resistance

The NZD/USD produced a bearish false-break of key resistance towards the end of... 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.

Daily Forex Trading Commentary - Tuesday 4th March 2014

EUR/USD - Market Consolidates Further Below Resistance, Rejecting Higher Prices

This market consolidated today below key resistance at 1.3800 and dropped a bearish pin bar in the process. The most logical stop placement on this market would be above Friday's bullish bar for anybody looking to short. Given the amount of time this market has spent trying to move above 1.3800 and failed I would not be surprised to see a rotation lower from here.



DAX 30 Index - Price Action False Break Of Key Support

This huge false break suggests this market is above to move higher again, there is room for... 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.

Daily Forex Trading Commentary - Wednesday 5th March 2014

GBP/USD - Price Remains Above Dynamic Support, Market Making Higher Lows

The pound-dollar pushed higher today as the market rejected dynamic support and now looks poised to make another run higher as the uptrend regains momentum. With the NFP news announcement on Friday we expect to see a lot of volatility on this pair into the end of this week - the most likely scenario remains an upside advance.



Crude Oil - Big Sell Off, Price Sitting Just Above Key Support

The Crude Oil market sold off fairly aggressively over the last two days and now sits right above key support at 100.75. If we get an obvious... 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.

Daily Forex Trading Commentary - Thursday 6th March 2014

Crude Oil - Bullish Price Action False-Break Of Key Support

The Crude Oil market produced a bullish price action false-break of key support today. From here we would not be surprised to see this market move higher and there will be high volatility tomorrow with the NFP announcement due out of the US.



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.

Weekly Forex Trading Commentary - Sunday 9th March 2014

GBP/USD - Price Remains Supported By 8-Day EMA, Continuation Of Uptrend Likely

Despite the NFP announcement on Friday the GBP/USD has remained supported by the 8-day EMA. This market is still in an uptrend and so the most likely scenario next week is a resumption of the buying pressure and a retest of resistance at 1.6800. If the market closes above 1.6800 early next week this could open the flood gates to significantly higher prices in this market.



NZD/USD - Price Clears Key Resistance, Strong Trending Conditions

These really are beautiful market conditions. There is a strong uptrend, key resistance at 0.8400 has been well and truly... 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.

Daily Forex Trading Commentary - Monday 10th March 2014

GBP/USD - Market Dips Back To Support

This market dipped back towards support today as the uptrend took a bit of a breather. We remain bullish on this market whilst price is closing above 1.6600 and will look for price action buy signals on the daily / 4-hour timeframe over the next couple of days.



USD/JPY - Price Holding Above Key Resistance / Support

The USD/JPY held above 103.00 support today during what was a quiet trading session. There is some... 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.

Daily Forex Trading Commentary - Tuesday 11th March 2014

EUR/USD - Small Rejection Of Dynamic Support

The EUR/USD rejected dynamic support today in a strong uptrend. The candle did end bearish so there is still a chance of a deeper replacement, but given the fact the uptrend is strong here the highest probability scenario remains an upward continuation over the next few days.



USD/JPY - Price Consolidating Above 103.00 Support

This pair continued to consolidate above key support at 103.00 today and still looks poised for... 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.

Daily Forex Trading Commentary - Wednesday 12th March 2014

GBP/USD - Bullish Price Action Pin Bar From Key Support

The GBP/USD produced a small bullish price action pin bar from key support today and we now see potential for another move higher over the next couple of days.



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.

Daily Forex Trading Commentary - Thursday 13th March 2014

GBP/USD - Explodes Higher, But Lost All Gains Into The Close

This pair popped higher today before giving up all of its gains into the close following the pin bar buy signal we discussed in our market commentary yesterday. From here we still see potential for the market to move higher and the sell-off that occurred this afternoon / evening could just be the big players trying to scare retail traders out of their long positions. The trend is up on the weekly, so the upside is definitely the more likely scenario.



AUD/USD - Price Action False-Break Of Key Resistance

The AUD/USD produced a false-break of key resistance today at 0.9100. From here we would not be surprised to see... 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.