Free Price Action Trading Commentary - Forex Trading University

[lewisbarber]

Weekly Forex Trading Commentary - Sunday 30th March 2014

AUD/JPY - Price Clears Key Resistance, Strong Uptrend Kicking Off

The strength in this market shows that AUD is bullish across the board. Price pushed above 94.00 key resistance last week and we will be looking out for a price action buy signal after a retracement next week.



GBP/JPY - Price Explodes Higher From Key Support

This pair finally exploded higher on Friday as we predicted in our market commentary a few days ago. This pair may... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Weekly Forex Trading Commentary - Sunday 6th April 2014

GBP/USD - Price Closes Above Support At 1.6565, Might Move Higher From Here

The GBP/USD dipped lower on Friday but managed to close back above key support at 1.6565. This level coincides more or less with the 50% level of the last move higher and so there is a lot of confluence here too. We would not be surprised to see this market continue to push higher into the start of next week contesting that level near 1.6700 and then up past that we have resistance near 1.6800 which may be test if the market picks up a lot of momentum.

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EUR/JPY - Market Sells Off From Key Resistance

The EUR/JPY sold off on Friday as predicted in our market commentary on Thursday last week. From here we expect to see... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Monday 7th April 2014

DAX 30 Index - Market Tanks Lower From Bearish Price Action Pin Bar

The DAX 30 Index (and FTSE 100) tanked it massively lower today following the bearish price action pin bars we discussed in our market commentary yesterday. There is still a lot of room left for more selling in this market before running into support and we expect to see a significant move lower from current levels this week.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Tuesday 8th April 2014

GBP/USD - Explodes Higher Following Price Action False Break Of Key Support

The GBP/USD exploded higher today following the price action false-break that we discussed in our weekly commentary. This market is so strong now we would not be surprised to see it break above 1.6800 in the coming days / weeks. We will remain cautious though, as a false-break of 1.6800 on the daily timeframe would be a bearish development given how significant this resistance level is.



S&P 500 - Price Action False Break At Key Support

Despite the big sell-off that occurred in equity markets over the last 3 days this index managed to produce a false-break of key support. We must be... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

Daily Forex Trading Commentary - Wednesday 9th April 2014

S&P 500 - Market Rallies Higher From Bullish Price Action Pin Bar

The S&P 500 rallied higher today following the price action pin bar / false-break we discussed in our forex market commentary yesterday. From here we may see a retest of key resistance near 1900, which would be a logical level to look for bearish price action signals forming at the top of this trading range.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

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 days.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[fxstrategist]

I think that a retracement on the USD/CAD to the 1.1000 level could give us a good opportunity to go short from there. We can clearly see on the daily chart that the 1.1000 level has proven to be a very interesting support/resistance zone.

 

[lewisbarber]

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 uptrend.



Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

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 again - it may well retest key resistance up at 1.6820 over the rest of this week if it can pick up some momentum.



USD/JPY - Price Basing At Key Support, Dropped Small Pin Bar Too

We've seen a lot of basing at key support in this market and a small bullish pin bar today. This pair may well start to... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.

 

[lewisbarber]

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 so now would probably be a good time to consider taking profit or moving stop-losses to break-even to avoid being caught out by a sell-off. This signal, though, is by no means a sell signal as the trend is still well and truly to the upside.



USD/JPY - Pops Higher From Bullish Pin Bar At Key Support

This pair popped higher over the last 2 days following the bullish pin bar we discussed in... Click here to keep reading this price action trading commentary.

Recent Trading Lessons

1. Learn To Trade Forex
2. Forex Trading For Beginners
3. 15 Forex Trading Tips
4. The Role Of A Good Forex Trading Coach
5. Pin Bar Forex Trading Strategy

About: Lewis is a professional forex trader specialising in price action trading strategies. He has published a free price action forex trading course on his website and regularly provides live trading setups and market commentary for aspiring traders.