GU just cleaned up that second SP 👌 Also bounced perfectly from it. Loving these TPO levels. Support is that 2025 trend line in the same area. Just remember that the DXY appears to have closed above the

Back in a gold short. Orders marked. Just a range trade for now targeting the $3,154 poor low. I'll take profit on the way down if we get follow through at $3,250 and $3,207. Invalidation on a sustained

The ability to go long or short is my favorite part about the Forex market. If you recall from the lesson on Forex vs stocks, I mentioned that this is my favorite advantage of Forex over the stock market,

DXY closed last week just above the 97.70 key area, so we could see that flip to new support next week. However, we're still dealing with tight trading conditions via the 4h channel below. There are also

I get this question quite often – why do you use moving averages as dynamic support and resistance? After all, if you’re trading price action why would you need them? They look pretty useless. My answer

The US dollar is on the verge of a significant bullish reclaim. Can buyers get the job done, and how would that impact the forex market next week? Find out in today’s Weekly Forex Forecast. See exactly

GBPUSD Forecast GBPUSD broke down last week, sending the pair toward its sell-side imbalances at 1.3509 and 1.3452. The pound tagged the first single print on Friday, but the second remains open for business.

Interesting close to the week for the S&P. Buyers tried to recover the area that failed on Thursday but were unable to. It's obviously very counter trend, but I'll be eyeing that BSSP at 6,283 next

More context to the S&P idea. The overnight selloff left a BSSP at 6,283, which is where the move began. There's a decent chance the market tags this area before sellers potentially step in again.

Executing the Forex Breakout Strategy To get a good idea of the setup in action, let’s take a look at each step including the entry strategy and where to place your stop loss. Entry Most times your entry

There are dozens of breakout strategies available to traders, but the Forex breakout strategy you’re about to learn is my personal favorite. This strategy has been responsible for some of my largest gains

Hi. everyone I figured this was worthy of an announcement since it affects the entire FX market. Although the DXY remains below the 97.70 channel bottom from 2011, Thursday's session was the first daily

GBPUSD remains vulnerable while below 1.3630. However, the bigger story this week is the US Dollar Index (DXY) testing the 97.70 region. Read today’s blog for the latest insights on GBPUSD and the DXY:

Took the gold short on the failed breakout. Mentioned this idea a couple of times this morning Orders marked on chart. Looking for the bottom of the channel or the $3,250 low, whichever comes first.

Disclaimer: Any Advice or information on this Blog is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By

Part 1 for gold complete. Bounced from support and cleaned up the $3,317 SP. 👌 Part 2 hinges on $3,318. Gold overshot the $3,322 resistance level and is holding above the short-term channel we've discussed.

Long: Buying in anticipation of price going up Short: Selling in anticipation of price going down SL or Stop Loss: An order placed with your broker to exit a position at a loss should the market move against

Time Frame Matters The time frame you use to trade and thus identify these false breakouts is paramount to the overall effectiveness of this strategy. To explain why this is the case, let’s revisit the

Consider the following scenario. You’ve had EURUSD on your watch list for weeks. More specifically, you’ve been waiting for a break below a key support level to take advantage of the selloff that’s sure