Monthly Archives: April 2017

Market Commentary 27/04/17

EUR/USD – Stop Run Causes Sharp Drop Last night we saw the market continue to drop into the zone I had said to watch for entries long in yesterday’s market commentary. A move out of the zone did end up…

Market Commentary 26/04/17

EUR/USD – Daily Supply Zone Broken The daily supply zone which the market had been inside since the large gap higher took place on Monday was broken shortly after yesterday’s market commentary was published. The market has since dropped back…

5 Tips That Will Change How You Trade Pin Bars

The pin bar candlestick pattern remains one of the most popular and well-known price action patterns used by traders operating in the forex market. Unfortunately, whilst the pin bar setup may be as popular as ever, many traders are still…

Market Commentary 25/04/17

EUR/USD – Moving Towards Gap High The gap higher we saw take place yesterday pushed the market right up into a daily supply zone. Today we have not seen the zone get broken, but the market is currently making it’s…

Market Commentary 24/04/17

EUR/USD – Large Gap Higher Pushes Market Into Supply Zone The response to the French general election over the weekend has had a dramatic effect on all the major currency crosses apart from GBP/USD. The effect it’s had on EUR/USD…

Market Commentary 21/04/17

EUR/USD – Sharp Drop Creates Supply Zone The up-side momentum we’ve seen over the past few days has not continued today, instead a sharp drop which occurred last night has pushed the market into the demand zone which I said…

Market Commentary 20/04/17

EUR/USD – Breaking To New Highs The retracement we were seeing yesterday ended up coming to an end shortly after my market commentary was published. The resulting move up has today caused the market to break to new highs, and…

Market Commentary 19/04/17

EUR/USD – Bank Traders Taking Profits The sharp move higher which took place yesterday has not continued today, due to what I believe is the bank traders taking some profits off the buy trades they got placed before the move…

Market Commentary 18/04/17

EUR/USD – Sharp Move Higher Through Supply Zone Last Friday the market continued to drop after it hit the supply zone on Thursday afternoon. It seemed like we’d end up seeing the market fall into the demand zone created by…