As we can best forex analyze in the H4 chart, EURUSD has reached another low and completed the correction with several Engulfing and Doji reversal patterns at the top. Ichimoku Cloud, which means that it may continue growing. EURUSD has finished the ascending structure and is about to start form a new descending wave towards 1. Pound is reaching stability thanks to the USD rollback.
Everybody is curious about the Euro’s behavior. 2018The main currency pair quickly recovered after a collapse and now is ready to consolidate. As we can see in the H4 chart, USDCAD has fallen towards the support level and formed several Inverted Hammer reversal patterns there. EURUSD has broken the consolidation range to the upside. EURUSD has finished another descending structure. As we can see in the H4 chart, after reaching the support level, XAUUSD is still forming several Hammer, Inverted Hammer, and Doji reversal patterns.
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Do you want to master Forex trading? Well it all starts with having the right strategy! Trading Forex using price action is simple, stress free, and highly effective. In this guide I will share my advanced Forex trading strategy with you. You will learn to use powerful price action techniques in a stress free and simple Forex trading strategy.
My Forex trading strategy is based completely on price action, no indicators, no confusing techniques, just pure price action! Chapter 1 – What is Price Action? When GBPUSD moves up it’s because there are more bulls than bears and vice versa. Price action trading is about analysing who currently controls price, bulls or bears and if they are likely to stay in control. How do you analyse who’s in control of price? By using two simple price action techniques.