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Daily Setup Archives | Daily Price Action Blog


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2021-07-30 15:44
The EURUSD is coming off a long-standing trend line from the September 2020 low. I previously thought the price action since late last year could be a head and shoulders. However, it’s… Read More
2021-06-23 15:09
The GBPUSD has broken down from a long-standing trend line. I wrote about this level a few times in recent weeks. I also talked about the 1.4200 resistance area, which turned out to be a sig… Read More
2021-06-15 14:07
The USDCAD is down 2,500 pips since March 2020. Every time the pair gained a few hundred pips, sellers were there to send it even lower. However, USDCAD is coming off multi-year support near… Read More
2021-06-02 19:48
XAUUSD (gold) has reached our next target just above $1,900. I wrote about this area in the May 20th commentary, along with the more significant $1,960 level. Given the way XAUUSD is refusin… Read More
2021-05-25 22:00
On February 5th, I wrote about a potential 500-pip buying opportunity on GBPJPY. The pair was coming out of a broadening wedge from the 2018 highs and looked determined to reach the 155.00 r… Read More
2021-05-20 21:00
Last week, I discussed how XAUUSD (gold) was testing the top of a long-standing descending channel. In many ways, this pattern hinted at a bull flag starting from the 2018 lows. That’s… Read More

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