The chart above is the Daily Price Action representation of the EURJPY showing the possibility of price heading southwards following the initial Inside Bar Price Action Trade Setup as well as its subsequent bearish confirmation candle which came up as price reacted bearishly after the doji (indecision) candle of the previous day. Price is therefore expected to drop into the bearish targets shown above.
AUDUSD closed the week with a bearish confirmation candle after the initial bullish run had stalled at about the 0.9500 Psychological Resistance zone. An Inside Bar Trade Setup had triggered the initial sell-off which lead up to the point of formation of a Doji (Indecision) candle on Thursday. However, Friday saw more bearish action which could lead the pair further down into the zones depicted in its chart above.
AUDCAD Price Action as shown above gives out a clear indication of further bearish expectation on the pair, after a Pin Bar on thursday initiated a minor sell-off on the pair.
NZDCHF started its bearish run with a Pin Bar Price Action Trade Setup. A failed bullish attempt after Thursday's Inside Bar Bullish price Action gives further confirmation of more bears to come. The basic and Extreme targets are as shown in its chart above.
Take advantage of my promotional
50% price Slash to enroll for my Price Action Course or a
Subscription to my
Trade Room or
Mentor Programme to experience the simplicity of trading Price Action with me.
No comments:
Post a Comment