Recent content by lewisbarber

Weekly Forex Trading Commentary - Sunday 1st June 2014 GBP/JPY - Small Price Action Pin Bar at Support Pops Higher, Outside Bar from Last Week Could Play Out From Here GBP/JPY did dip back quite far following the outside bar / false-break we discussed at 170.00. Prices actually dipped below...

Daily Forex Trading Commentary - Thursday 29th May 2014 Crude Oil - Second Chance Short Opportunity Coming Up? The Crude Oil market popped higher today back towards key resistance, this may well provide traders with second chance to look for short opportunities here with a very good risk /...

Daily Forex Trading Commentary - Tuesday 27th May 2014 Gold - Large Downside Breakout, Market Closes Below Key Support The Gold market finally broke out of its consolidation range / triangle today and closed below key support at 1270. We will look for a good price action sell signal over the...

Daily Forex Trading Commentary - Monday 26th May 2014 AUD/USD - Consolidating Above Key Support, Looking For Price Action Buy Signal This pair has been consolidating above key support for the last few days now and we are waiting for a good price action buy signal to join this market. There...

Daily Forex Trading Commentary - Wednesday 21st May 2014 USD/JPY - Unfortunate Shake Out Here Too! There was a nasty shake-out on this market too today, but the resulting pin bar is really quite nice. Sometimes this happens in trading, and you just have to take it on the chin. There is now...

Daily Forex Trading Commentary - Tuesday 20th May 2014 AUD/JPY - Price Breaks Down Below Key Support Price broke down below key support at 9450 today and looks to be well positioned for a new downtrend. We will wait and see if we get a small retracement before looking to short this market...

Daily Forex Trading Commentary - Monday 19th May 2014 USD/JPY - Bullish Price Action Pin Bar From Key Support This pair produced a really nice pin bar from strong support today and we could definitely see a move higher from here. The most logical entry would be around the 101.35 level with...

Daily Forex Trading Commentary - Sunday 18th May 2014 EUR/USD - Bullish Price Action Pin Bar From Key Support The EUR/USD produced a bullish pin bar from key support on Thursday last week and dipped back to around the 50% retracement level in Friday's trading session. There has been a lot of...

Daily Forex Trading Commentary - Wednesday 30th April 2014 EUR/USD - Massive Rejection of Key Support, Look For Entry On Retracement The EUR/USD produced a massive rejection of key support at 1.3785 today as price exploded higher into the close. From here we could see a move back to key...

Daily Forex Trading Commentary - Wednesday 23rd April 2014 NZD/USD - Consolidating Above Support, Pop Higher To Come? This pair is consolidating above support at 0.8555 this week and produced a small pin bar today - could we be about to see a pop higher and retest of 0.8745 resistance? The...

Daily Forex Trading Commentary - Monday 21st April 2014 GBP/USD - Consolidating Below Key Resistance, Trend Remains Strong This pair has consolidated below key resistance over the bank holiday weekend but the trend still remains strong to the upside. We expect to see this market push higher...

Daily Forex Trading Commentary - Thursday 17th April 2014 GBP/USD - Explodes Higher From Bullish Pin Bar The GBP/USD exploded higher yesterday following the bullish pin bar that we discussed in our market commentary on Tuesday. Today we get a counter-trend bearish pin bar from key resistance...

Daily Forex Trading Commentary - Tuesday 15th April 2014 GBP/USD - Bullish Price Action Pin Bar From Key Support This pair dropped a large bullish pin bar today from the key support level down at 1.6660. We may get a dip back to intra-day support near 1.6700 before this market pushes higher...

Daily Forex Trading Commentary - Monday 14th April 2014 GBP/USD - Small Bullish Pin Bar From Dynamic Support The GBP/USD produced a small bullish pin bar today as it rejected dynamic support. Tomorrow we may see a pop higher towards key resistance at 1.6800 and a continuation of the current...

Daily Forex Trading Commentary - Thursday 10th April 2014 AUD/JPY - Making Lower Highs, Deep Retracement Back To Support? This market has made lower highs over the last few days producing two counter-trend pin bars. We may see a deeper retracement back to support near 94.00 over the next few...