Nick B's Forex Blog

Learn from Nick B's Forex trading blog, so you can use Price Action to make pips on any currency pair consistently too.

Daily Forex price action analysis – 2016-02-10

In today’s price action analysis I review the EUR/USD short I spotted in yesterdays analysis. The trade worked out quite well, it hit it’s 1:2 risk/reward ratio for me.

Did you take the trade? If you did, respond below and let me know how it went for you.

Today there are three potential trades forming. USD/JPY is sitting on the 114.00 support area, if indecision forms near that level on the the 12 hour or daily chart, Continue Reading  »

Daily Forex price action analysis – 2016-02-09

In today’s price action analysis I spot a few potential trade setups. The best looking of all three setups is the EUR/USD short setup. This setup could trigger soon so checkout the analysis and see if the trade fits into your trading plan.

Forex Webinar Coming Up
In the Three Day Price Action Blitz I will take you through some of my advanced price action techniques. The webinars will be split up over three days, and I will cover several subjects on each of those days. Continue Reading  »

Daily Forex price action analysis – 2016-02-03

Looks like it could be an exciting day for price action trading. We have a strong potential for reversals to form on GBP/USD, EUR/USD, NZD/USD, and USD/JPY. All of these pairs are either on a support and resistance area, or very close to meeting one.

NZD/USD and USD/JPY in particular look primed for reversal trades for form.

Does this mean we will see reversals? No, definitely not. However, these are definitely pairs you want to be monitoring today. Continue Reading  »

Daily Forex price action analysis – 2016-02-02

Price action trading is not always fun and exciting. Early in the week things can be slow as it usually takes a few days for good setups to form. This means that Tuesday can be one of the quietest days of the week for me, and this Tuesday is no exception. But, I have always tried my best to show the realistic side of trading, so below is some realistic analysis.

There are only a few interesting things happening. Continue Reading  »

Live price action trade video -95 pips GBP/JPY 6hr

You can’t win them all!

Late Tuesday night I spotted a potential setup forming on GBP/JPY. The setup did not look amazing, but it had a lot of points in its favour. So, I stayed up until 3:00 am my time to take the trade, I do not normally stay up late for trades, but I felt like taking this one. That is where the video below starts. I entered short on GBP/JPY at 169.57, with a target at 167.15, Continue Reading  »

Daily Forex price action analysis – 2016-01-26

In today’s analysis I go through several pairs looking for price action setups. Sadly, there isn’t much going on today, so my analysis is a little boring. I have posted my analysis video anyway. This way you can see my simple process for filtering through my charts and looking for setups.

Last weeks live price action trade
Now for something a little more interesting. In case you missed it, last Friday I shared a live trade video, Continue Reading  »

Live price action trade video +96 Pips AUD/USD 8hr

Did you catch the AUD/USD price action reversal trade I shared this week?

On Wednesdays analysis I spotted two possible reversal trades, one on AUD/USD, and the other on USD/CAD. The USD/CAD trade was forming on a questionable resistance area, so I skipped it…

… Instead, I focused on the AUD/USD trade, and it worked out very well. And this time, I did something I haven’t done in a long time, I recorded the entire trade! Continue Reading  »

Daily Forex price action analysis – 2016-01-20

In today’s analysis I point out a potential long trade setup forming on the AUD/USD 8hr chart. I also point out a potential short trade forming on the USD/CAD 6hr.

Both trades setups look great, but the USD/CAD setup is forming on the 1.4630 resistance area, which makes the trade risky. In the analysis video I explain why trading from the 1.4630 area would be risky.

The AUD/USD long trade setup looks much better, it is forming on the 0.6850 support area, Continue Reading  »

Daily Forex price action analysis – 2016-01-19

Hey guys, I am back for my first Forex analysis of the year. Sadly there isn’t too much going on today, so the analysis is somewhat dull. In the analysis I go through each pair I trade, and I analyse every time frame for price action set ups. I also discuss a few simple price action concepts, so if you’re new to price action, you may learn something from the video.

How to use this price action analysis
If you are new to price action trading, Continue Reading  »

Daily Forex price action analysis – 2015-11-17

USD/CHF is heading towards a major resistance area at 1.0200. The 1.0200 is also five year high from which price plummeted in January 2015, after the SNB decision which rocked the markets. If price hits the 1.0200, I see strong potential for a short reversal.

Another pair to watch out for is EUR/GBP, which is sitting on a strong support area. Other than that, there isn’t much in the way of price action set ups this Tuesday. Continue Reading  »

Daily Forex price action analysis – 2015-11-04

GBP/JPY is stuck on the 187.10 resistance area. The price action at the 187.10 level is showing a potential short set up, on the daily chart. USD/JPY might also have a set up forming on the daily chart. For more information check out the price action analysis below.

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy.

You can also browse through the countless hours of price action webinar recordings here. Continue Reading  »

Daily Forex price action analysis – 2015-10-27

USD/JPY is currently stuck on the 120.45 support area, and it is showing signs of indecision. The candle wont close for over five hours on the 8hr and 12hr charts, so anything can happen. However, I am keeping a very close eye on the pair as there is potential for a trade.

Not much is happening on my other pairs so far. Check out the full analysis below.

How to use this price action analysis
If you are new to price action trading, Continue Reading  »

Daily Forex price action analysis – 2015-10-21

The potential USD/CHF trade I shared in yesterdays analysis ended up triggering and hitting its first target. In todays analysis I discuss yesterdays trade and do my normal analysis on other pairs.

If you entered yesterdays trade, please leave a comment below and let me know how you did!

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy.

You can also browse through the countless hours of price action webinar recordings here. Continue Reading  »

Daily Forex price action analysis – 2015-10-20

There is a pretty nice trade setup forming on USD/CHF. The indecision candle has not closed yet, so the setup is not complete. However, if indecision closes similar to what it looks like in the video, I will probably set an entry at around 0.9522.

EDIT: First target hit on the USD/CHF long trade.

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy. Continue Reading  »

Daily Forex price action analysis – 2015-10-15

Looks like today’s analysis was a little on the late side. The GBP/USD trade I talk about at the start of the analysis triggered at the end of the analysis, so I had to cut the analysis short in order to enter the trade.

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy.

You can also browse through the countless hours of price action webinar recordings here. Continue Reading  »

Daily Forex price action analysis – 2015-10-14

There isn’t much going on today. EUR/USD and USD/CHF are both approaching areas of support and resistance, so we might see indecision form. Other than that, things are pretty quiet. Watch the video below for the full analysis.

Sorry about the low video quality. I messed up a setting, tomorrows will look much crisper.

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy. Continue Reading  »

Forex price action analysis – September 21st 2015

Sorry about the lack of analysis, I have had a busy few weeks and have not been able to do the analysis as regularly as I would like.

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy.

You can also browse through the countless hours of price action webinar recordings here.

Key Support & Resistance Areas This Week
EUR/USD: My key resistance areas are the 1.1310 and the 1.1420. Continue Reading  »

Forex price action analysis – August 18th 2015

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy.

You can also browse through the countless hours of price action webinar recordings here.

Key Support & Resistance Areas This Week
EUR/USD: EUR/USD has been a little messy over the last few weeks. I have been avoiding this pair on and off for several weeks now. This week I will be trading it, Continue Reading  »

Forex price action analysis – August 4th 2015

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy.

You can also browse through the countless hours of price action webinar recordings here.

Key Support & Resistance Areas This Week
EUR/USD: A trade triggered a few hours ago from the 1.0945 support area. I was still half asleep when it triggered and I felt that entering a trade while not fully alert was a bad idea. Continue Reading  »

Forex price action analysis – July 21st 2015

How to use this price action analysis
If you are new to price action trading, have a look at my Forex trading strategy.

You can also browse through the countless hours of price action webinar recordings here.

Key Support & Resistance Areas This Week
EUR/USD: I am going to start trading the Euro again this week. I will be trading with extreme caution though. My key resistance areas for EUR/USD are still 1.1005, Continue Reading  »