Second Skies

AUD/USD One of the more choppy pairs on the daily charts, the Aussie has finally started to exit out of the recent consolidation on the 4hr chart. After a failed breakout to start the month, the pair...

Gold Today Gold ended the London session by forming a bearish engulfing bar on the 4hr chart. It should be noted the actual bar which was engulfed was a small pin bar. However, when you analyze the...

GBP/JPY Yesterday in my weekly FX market commentary, I talked about the pin bar on the 4hr chart off the key role reversal level around 144.75 as being a critical support to look for potential longs....

EUR/USD Gaining 6 out of the last 7 days, Friday’s NFP was a wild ride with the pair touching an intraday low of 1.3585, then screaming up in 1hr up to 1.3700, only to sell off another 60pips....

GBP/JPY Today the GBP/JPY completed a major breakout to the upside, taking out the prior January swing highs at 144.71. This breakout had all the classic signs of a breakout, and formed a perfect...

S&P 500 Today, the S&P 500 has finally started to show major cracks in the uptrend from the latest ramp-a-thon courtesy of the Fed. On the daily chart, the pair formed a 2 Bar Reversal Pattern...

EURURSD On the daily chart today, the EURUSD broke above the inside bar from Monday. It did so pulling just shy of support from the prior role reversal level, and then launched higher. Today’s...

EUR/USD Last week in my market commentary I talked about how a) there were good price action range plays off the lows of the channel, and b) how the pair would break the range this week. Both came...

GBP/JPY Attempting to recover after getting hammered since dropping almost 500 pips from the 17th of this month, the GBP/JPY has shown some potential price action reversal signals on the 4hr chart. A...

EUR/USD The euro is still holding the uptrend in place with the series of HH’s (higher highs) and HL’s (higher lows), although it has been trotting in place for the last week. However, I...

Gold The US Markets were closed today for the MLK holiday, so markets have not woken from their slumber yet to start the week. Thus, I’ll wait till London opens before considering taking any...

S&P 500 For the last 11 days, the S&P 500 has been range bound just below the 1475 level and multi-year high. One has to wonder why its taking bulls so long to clear such a level if they are...

EUR/JPY Forming a host of price action setups lately, the EUR/JPY formed a LH and bearish engulfing bar combo on Tuesday, which suggests short-term topping. I suspected this based on the extreme price...

GBP/JPY Still running its take no prisoners bull trend, the GBP/JPY has yet to produce a sell signal yet. Generally in bull trends, it will create a breakout pullback setup at a prior swing high,...

EUR/USD Keeping with the general daily uptrend, there is a moment of truth coming up for the euro bulls. After clearing the recent resistance and pin bar high at 1.3300, the pair is heading into two...

Crude Oil Consolidating between the key support at $91.50 and $93.75, the price action has defined its levels clearly via two pin bars, with one rejecting off the top level and another off the bottom....