Forex Price Action Setups – China Slowing, Fear & Loathing in Europe – May 24th
China Slowing Down, Fear & Loathing in Europe Prior to the London open, the China HSBC Flash Manufacturing came out worse than expected, alarming investors globally. This initially sent the AUD and NZD lower but both recovered shortly after to hold modest gains throughout the day. The situation did not get any better with German manufacturing also coming under expectations? This put salt...
Read MoreForex Price Action Setups – Euro Hits Near 2-YR Low, Grexit Fears Persist May 23rd
Euro Hits Near 2-Yr Low, Grexit Fears Persist As much as every politician wants this to go away, it won’t as the Euro got hammered in NY trading dropping 120+pips in about 3 hours as the EU summit didn’t really calm any fears of an eventual Grexit from the EZ. Of course EZ officials telling members of the currency bloc to prepare contingency plans for an exit are not helping. Oh...
Read MoreForex Price Action Setups EURO, Fadebook Plummet May 22nd
‘FadeBook’ and EUR Plummet in Mass Exodus, Grexit Fears The Euro got pummeled across the board, which was actually holding serve until former Greek P.M. ‘L-Pap’ (his Greek rap name) commented that the Greeks had no choice but to stick with a painful austerity program or face a painful exit. He also let slip many European states were already making contingency plans for...
Read MorePrice Action Forex Trading – Trading Counter Trend Price Action Setups
Here is a new price action forex trading video on how to spot key elements to enhance your counter-trend setups using price action triggers and reading the key price action...
Read MoreForex Price Action Setups Euro Rebounds From Pin Bar Setup May 21st
Euro Rebounds from Oversold Status, Re-Positioning After a well needed bounce from the price action exhaustion we had noted earlier last week, the Euro bounced ahead of the EU summit this weds. Although there was political posturing saying ‘we need Greece in the EZ’, one has to ask the question of regarding the upcoming Greek elections on Jun. 16th: Why wouldn’t all the greeks...
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