Today looks like another exciting day for price action trading. We have four setups forming on USD/CAD, AUD/JPY, EUR/JPY, and USD/JPY. The USD/CAD one almost triggered during the recording of this analysis, it has pulled back a little now, but this setup could trigger VERY soon, so watch the analysis quickly and check out USD/CAD.
The AUD/JPY short looks to be the best of the JPY pair setups I posted. I will be monitoring the JPY trades very closely over the coming hours.
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UPDATE 1: The potential USD/CAD trade I spotted in this video has pulled back a bit. This should be an example of why I strictly enter after price breaks through indecision. I am still watching this setup very closely.
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On Saturday the 30th of July at 4:00pm UK time I will be holding a live training session. In this session I will be focusing on advanced support and resistance techniques. See all of those areas I use in the analysis above? The areas that show me where price will stall and potentially reverse…
… Well I want to teach you some advanced techniques for spotting, placing, and trading with those areas.
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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.