Seeking Alpha

The ForexGuy's  Instablog

The ForexGuy
Send Message
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
My company:
The Forex Guy
My blog:
The Forex Guy
  • 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.

Back To The ForexGuy's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.