Commentary on the power of certain times of the day

Forexmentor.com Forex Trading Price Action

As I’ve stated on numerous occasions, there are certain times of the day when you can be on the lookout to grab your daily ration of 20 pips. Take the USD/CAD pair, for instance. Have a look at the 15 minute chart in and around supper time ET May 30. You will notice, of course, that price did a nice reversal – or swing, as true blue technicians would call it. Price had been heading down into the close of the New York session, and then exceeded the lower Bollinger band. Two back-to-back hammers halted the swoon. A nice upward trek in price action ensued, and astute traders profited handsomely. As candle patterns go, don’t forget Steve Nison’s up-coming webinar available only to members at: www.forexmentor.com

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