How to spot trend exhaustions early and anticipate reversals. This trade also demonstrates effective risk management during news events.

Fakeouts are generally difficult to spot for most traders and this week we are looking at two excellent examples that occurred on the same day (January 8) on XAU/USD.

This week, we are reviewing another great example of a reversal trade, where price rejected and moved bullish after a strong bearish move. The first chart shows the 1-hour timeframe of GBP/JPY from September 11. GBP/JPY (Pound-Yen) 1-hour chart from September 11, 2024 Starting with a top-down analysis on the 1-hour timeframe, we can see a few major price levels that are important as they become future areas of interest. The market has created major support at the 185.900 pric

This week, we will look at a bullish reversal trade that was taken after a strong sell-off. The first chart shows the 1-hour timeframe of...