I have had a busy few weeks with the recent webinar on support and resistance. Now that things have quieted down I can get back to doing the weekly analysis. First, let me explain how this analysis works.
Support and Resistance Areas
I use my own support and resistance areas along with some very specific candle patterns to take awesome reversal trade…
First off, I want to say a quick sorry for not answering last week’s questions in the comments’ section and for not posting about the webinar. I ended up being really busy last week so I was not able to post.
The webinar I originally planned for Monday, March 2nd will be on Thursday, March 5th. I will post details about the webinar tomorrow.
Usually I resume my Forex trading in early January. This year things have gone a little different. The first week of the year Jan 5 to Jan 9 was very dull. The second week of the year Jan 12 to Jan 16 was too chaotic.
So, what did I do?
I waited until this week to start trading again.
A lot of new traders feel like they need to trade at all times.
Do you want to see how I trade reversals with a 74% win rate?
Last week I held three webinars over the course of three days. In the webinars I showed you how I use my Forex price action strategy to spot and trade trend reversals. Below you will find a recording of these webinars.
Forex Price Action Trading
My Forex price action strategy is split into three parts.
In today’s Forex price action analysis we will look at a few pairs, starting with GPB/USD. If you want to see my support and resistance areas for these pairs, please check out the support and resistance areas section.
We have already had a trade on GBP/USD this week. The first candle of the week gaped up by around 10 pips on the four hour chart. After the gap, price fell back down to our 1.5620 support area and formed indecision…