FX Reversals: NZDJPY Reaches Intraday Resistance
Despite an overnight rally, the NZDJPY has not broken out above resistance. As price moves back into the range, traders will look for a return to support values.
Despite an overnight rally, the NZDJPY has not broken out above resistance. As price moves back into the range, traders will look for a return to support values.
This series show you how to benefit from knowledge of common patterns that specifically develop before trend resumption so you can limit your risk.
Despite the breakout being the most dangerous market condition, traders continue to flock towards these environments.
The EURCAD has remained range bound despite a boost from Euro CPI figures. Traders will look for a potential reversal near resistance at 1.4551.
Pivot points are useful tools in a variety of market conditions. Learn to apply them into an active trading strategy today!
The USDJPY continues to stay range bound in early trading. Traders will monitor price at resistance for a continuation of market conditions.
Many traders avoid this market condition, when this is the environment that they should probably be focusing on.
Most traders spend all of their time creating a strategy and ignore this key component, their trade size. Learn what trade size is right for your account.
Learn how to benefit from knowledge of common patterns that typically develop before trend resumption like the triangle on Gold.
In this article, we look at how traders can use price action to become ‘friends of the trend.’