Price Action Webinar

It’s been an eventful past week and we’re still not out of the woods. This webinar looked at a wide range of markets across stocks, gold and FX pairs.

It’s been a fast start to the week with selloffs in both U.S. equities and the USD. But volatility continues to flow and tonight brings a State of the Union Speech from President Trump.

EUR/USD is still threatening a breakout at 1.0500 and USD carries deeper pullback potential.

The US Dollar has finally found some resistance after filling the FOMC gap from last year, and that goes along with a EUR/USD bounce from the 1.0500 psychological level.

The US Dollar has put in a massive move in October but finally some resistance has appeared, allowing for a bit of strategy. The next week and a day are massive with inflation and employment data, followed by the election and another FOMC rate decision.

A number of major markets are already stretched such as USD, Gold and EUR/USD flashing overbought or oversold readings. And realistically there’s really only three possible ways of working with something like that, discussed deeper in this week’s webinar.

Deduction can be a powerful tool in trading and analysis. The falling wedge build in USD and USD/JPY along with RSI divergence highlights this theme at work over the past month, leading into this week when DXY drove its strongest weekly outing since September of 2022.

Price action strips away the indicators and focuses on the most important variable on the chart, price itself. In this article we look at how traders can get started with this field of study.