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Forex Trading Instructor James Stanley
Forex Trading Instructor
James Stanley

How to Formulate a Bias and Set Risk Amounts with Price Action

There are numerous ways to generate a bias, but few are as concise or consistent as what can be offered through price action.

FX Reversals: GBPUSD Daily Trading Range

The GBPUSD has opened the week in a 52 pip trading range. Can daily support and resistance remain valid? Learn more with the Chart of the Day!
Post of the Day
Head Forex Trading Instructor Jeremy Wagner
Head Forex Trading Instructor
Jeremy Wagner

USD/JPY Wave Relationships Near 119.50

Longer term wave relationships point towards 119.50 for a potentially strong reaction. Near term trends suggests support near 117.50.
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Today's Word
Support

A price level in which a currency pair has difficulty falling below. At support, price action tends to stall before breaking below, or reverse in the opposite direction.