EURJPY COMPLETES A SECOND BULLISH TRIANGULAR CYCLE WITHIN CONSOLIDATION

EURJPY has completed its second bullish triangular cycle, completing the formation of the second cycle with a significant BEARISH rejection, off the 50ema. Price is now expected to resume long and could get as far as 144 area.


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AUDUSD: COMPLETED TRIANGULAR CYCLE, HIDDEN DIVERGENCE REGULAR DIVERGENCE SHOULD INTEREST BUYERS

AUDUSD looks set to continue its bullish push as price gave off a Pin Bar after facing rejection from the 50EMA dynamic resistance. This situation was preceded by the hidden divergence, a completed triangular cycle and a regular divergence. All these point to more bullish movement. If price sustains the break of the descending trend-line, price would aim to reach the 0.9400 area.


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NZDUSD SHOOTS HIGHER AFTER A COMBINATION OF A HIDDEN AND REGULAR DIVERGENCES

The bullish explosion seen with the NZDUSD last week was triggered after price dipped further at the completion of a triangular cycle. This doesn't come as a surprise since price was yet to hit the 50ema in the last rally and also didn't break out of the descending trend-line at the completion of its triangular cycle. A clear rejection off the new Support zone at the close of trading on Friday signals for more bullishness to follow in the new week. 0.8790 looks a possible target.



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EURCHF: BEARISH TRIANGULAR CYCLE COMPLETED.

EURCHF (check previous analysis) closed the week with a Pin bar off the 50ema dynamic resistance after price completed a triangular cycle at the spotting of a hidden divergence on the daily time frame of the pair. The hidden divergence signifies trend continuation and since the major trend is bearish, it combines with all the other factors mentioned, to indicate further bearishness in the coming week. Price is expected to fall into 1.2120 area.


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Bullish and Bearish Triangular cycles completed for the EURUSD and USDCHF respectively.

 The EURUSD chart above shows the complete formation of a triangular cycle. (The triangular cycle is a new concept I had been working on) We can see that there had been a previous setup of it between Feb 12 and March 5th 2014 which delivered a measure of pips. We are also expecting that this setup would deliver pips. Price should aim to make a new high in the coming week and our last target is at about 1.4020.

USDCHF has also signaled to go short after it also completed a triangular cycle. The triangular cycle is usually kick started when market gives of a hidden divergence (A hidden divergence is a trend continuation setup). We are expecting lower prices in the new week.



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Markets Price Action and Trade Setups: THE WEEK AHEAD FEB 10 - 14 2014. NZDCAD GBPUSD GBPCHF EURJPY EURAUD AUDNZD

AUDNZD failed to break above a recent resistance zone, giving off a Pin bar in the wake of the false break. This set the tone for a possible sell off and we mapped out the possible entry points. The pair offered three setups within the 4hr time frame to go with the short and we managed to take them all. 

EURAUD false break of its inside bar set the stage for a possible bullish move. The bullish entry has managed to contain the pair and give further credence to the setup. Entry has been made and hopefully, this setup would offer us a good reward. The take profit zone is also mapped here.

The last time we ran a commentary on this pair (EURJPY) we brough our attention to its head and shoulder formation which we expected to send the pair back into support zone. That scenario played out quite significantly and we now have had a reversal as buyers came in hard at this zone. Price shud continue long in the coming week

 GBPCHF also has has given off a nice looking Pin Bar at support and the bullish zone has offered us a chance to join in on the expected bullishness. A 1-2 R/R should easily be met with this setup.

 GBPUSD offered quite a number of oppurtunities for long entries after we got a sinificant Pin Bar at the false break of the support. We managed to place 2 entries and both are already on a 1-2 R/R.

NZDCAD looks like a pair on a mission and we are on board with it. After the formation of the engulfing bar, we mapped out our possible entry zones and were able to make just one entry from this setup.



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Markets Price Action and Formations: THE WEEK AHEAD JAN 13 - 17 2014. NZDUSD EURAUD EURJPY EURUSD GBPUSD GBPNZD

 NZDUSD gave bounced off its support/Entry Zone as buyers jumped in at the chance to move long with the pair in a 1, 2, 3 triggered bullish price formation. The 123 price formation/price action trade setups give the savvy price Action trader an edge in making market decisions. 0.8511 is the key target for the expected bullish move.

 EURAUD is still very much in an uptrend though there now is significant threat to its continuation after price failed to continue lonng after hitting the bullish entry zone. A break below the minor support would initiate a possible change in trend.

 EURJPY still looks significantly bullish as price broke through and still trades above the recommended entry zone. Price should continue long in the coming week.

The euro has bounced off its support/bullish entry point following a 1 2 3 price formation it gave off at the formation of the IPB (Inside Pin Bar) at about December 2014. The CPR (Closing Price reversal Price Action setup now sets the tone for a resumption of the more dominant bullish trend.

 

GBPNZD faced support as it traded into its bullish entry zone (My entry zones are determined by the breakout point of a previous 1 2 3 price formation). Price is expected to resume another bullish run based on this. Further more, price also broke out from the cluster of inside bars at that zone.

I have maintained that the GBPUSD is bullish with no sign yet of it slowing down yet. Price has once again bounced off support/entry zone, setting up even another 1 2 3 formation and a break of the entry trigger at the tip of the recent pin bar would set the pair up for another leg of the bullish run.



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Markets Price Action, The week ahead.(DEC 2 - DEC 6, 2013) EURGBP EURCHF EURJPY EURUSD NZDUSD GBPUSD AUDCHF CADCHF EURCAD CADJPY EURNZD GBPJPY

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The Week ahead Nov. 10 - Nov 15 2013. AUDUSD, CADCHF, EURCAD, EURJPY, EURNZD

AUDUSD daily chart above shows that price has fallen within the pairs critical Support Zone. Bulls are expected to get into the market pending Price Action bullish setups. If we get a failed break on this pair as it attempts to continue in its more dominant bullish trend, our target on the potential move long will be cut significantly.

 CADCHF gave off a bearish Pin Bar Trade Setup at the close of trading on Friday as price bulled correctively into its resistance zone. The bears should snap on the opportunity to make new bearish entries. A close above this zone would change our bias on this pair.

 In the previous commentary on this pair, I mentioned that the pair was expected to resume its bullishness at about this zone. The Pin Bar Trade Setup from Thursday's close, signals a trigger for the continuation of the previous bullish trend, since we only see the bearish move as a mere corrective sell-off.

 The EURJPY and CHFJPY act basically in the same way, and I had pointed out that the bulls were expected to get in on them as price falls into the demand zone. The Trade room made a quick entry on the bullish side and with the daily time frame also giving off an inside Bar Trade Setup, Its likely that price would resume north from this setup.

We had a failed break of a Support Zone on the EURNZD on Thursday, 7th Nov. The failed break should send prices higher in a corrective bullish move.


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GBPAUD CHFJPY EURCAD Price Action Setup, Nov 5th 2013

 The Chart above is that of CHFJPY daily. It brokeout bullishly on the 22nd of October but failed to push through. The "failed break" as many may call it still keeps the pair within its bullish bias until at least, the support zone as indicated above is clearly broken. In the meantime, bullish entries will be sort from that zone as price possibly makes a failed bearish push within it.

 EURCAD Chart as seen just above shows a pair clearly in a bullish mood. The last bullish break on the 22nd October pushed the pair into a 12months high, with the pair haven gained about 2000 pips from its low dating back to August 2012. This bullishness has intermittently witnessed corrective sell-offs like we are having at the moment but bullish entries will still be sort as the pair delves into our mapped out support zones. The chart above shows from about what region the bulls could get back in.

 

GBPAUD as shown in its chart above has had its momentum changed from bullish to bearish. Though at the moment, the pair does seem to be setting up for more bulls, it still needs to respect the bearish break it gave off as Ive indicated in its chart. However, pullbacks into the resistance zones as labelled on the chart has to occur for any reasonable sell entries triggering.

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USDCAD Price Action: Closing Price Reversal gets further bullish confirmation

The beauty of trading Price Action in the way that I do is that you don't let emotions get in the way, you simply trade what the charts say and in-line with that, the USDCAD's Price Action points to the expectation of further bullishness. Traders do get a little confused and try to chase the market with every formed Price reversal-like Patterns but there is always an over-riding Price pattern. The Closing Price Reversal as indicated above is the over-riding Price Action Pattern in this chart and remains valid for more bulls unless its low is bridged.

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GBPCHF PRICE ACTION: Bullish Rejection Pin Bars get bearish Confirmation

The previously extensive bullish run on the GBPCHF came to halt after price hit the 1.4800 Psychological resistance. Price subsequently sold off and even managed to put through the sell-off into and below it critical demand zone (1.4600). So far after that, price has remained constrained: trapped within a concession of inside bars. The bias however has changed from bullish to bearish and price is expected to break lower through this present consolidation.

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Price Action Trade Setups: The Week Ahead: 30 September - 4 October 2013

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.


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Price Action Trade Setups: Weekly Market Recap September 23 - September 27, 2013

We started this weeks Trade Setup with the posting of the Bullish Closing Price Reversal Trade Setup of the USDJPY (shown again above). The trade is still moving towards the projected Zone as shown in the 2nd figure above.

This trade has so far moved up to about 300pips from the Trade rooms entry though, its currently on about 200pips, the trade remains open and is expected to reach the projected zone as shown above. I posted the initial trade setup of this move on the 25th September.

EURCAD (above) was also one of the pairs which had its trade setup posted within the week and price has also continued to moved long in the anticipated direction from the Trade Setup as posted September 25.

GBPAUD was one of those easy setups in many respect. Apart from the 123 bottom and the Pin Bar Trade Setup, We eventually also had a bullish confirmation Pin bar. This Setup is expected to deliver a minimum of 250pips but ideally, the trade room would aim for about 500pips from it.

I brought our attention to the Inside Bars consolidation of the USDCHF on 27th September, informing my blog followers and readers of an impending bearish breakout. Now we have had the breakout, with the Trade room taking about 40pips from the initial move. We still have 50% of our trade open on this trade with a trailing of 40pips triggering.

 Most Price Action traders had gone long based on the bullish engulfing bar from the close of trading on Friday 26th September but unfortunately, their stops would have been hit as price continued southwards following the Trade Setup explanations I offered in my Trade commentary on the 27th September.





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