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I have been involved with Forex trading for about 6 years now and after being disappointed with mainstream indicators I discovered price action trading relatively early in my career. Since then I have made price action the focus of my Forex trading, embracing it with a passion. I don't like... More
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  • Forex Price Action Commentary - USDCHF & GBPJPY 0 comments
    Oct 28, 2013 10:32 AM

    To start off this week we are looking at two charts, firstly the USDCHF weakness we've been seeing the last few weeks has just seen the market break through an important weekly support level.

    (click to enlarge)waiting for usdchf price action signal

    We are waiting for the market to rally up and test the old weekly support level. This would be a nice spot for a bearish price action reversal signal to form.

    Also we are watching a double inside day setup which has formed on the GBPJPY pair.

    (click to enlarge)gbpjpy double inside day price action breakout setup

    It looks like this market wants to break higher. Double inside day setups are one of our favorite breakout catalysts and can produce shocking powerful breakouts. Like this one double inside day breakout that occured on AUDCAD recently.

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