USDCAD Price Action: Pin Bar Trade Setup. June 27, 2013.

 

USDCAD has been in very bullish mood lately, even breaking though it recent highs. However, the past 4 trading days has seen the pair offset some of its excess bullish pressure, rotating back into its previously broken resistance which now acts as support. A Pin bar forms on a failed attempt to break back into the previous resistance but is rejected. This new Support should propel prices further high in the coming days.

EURCHF PRICE ACTION: Counter Trend Fakey Setup: June 26, 2013

 

 The EURCHF closed the day higher after the fakey setup from the previous day's trading session. expectations are for price to aim at the resistance zone as indicated on the chart. An ideal entry could be made on the intra-day time frame following a valid retracement and price action setup to go with the bulls.

AUDUSD Price Action: Counter Trend Fakey Setup: June 26, 2013

 

The Aussie seem to have hit a significant support and as a result aims to take a breather from the very dominant bearish trend. The Fakey Setup on the daily time-frame at-least signals for sellers to step out and wait for another entry, possibly as the market rotates back into resistance. Though this is a counter trend setup, it looks good enough to interest buyers.

EURUSD Price Action: Closing Price Reversal Trade Setup, June 25, 2013

 

 The Euro has closed as a closing Price Reversal Setup. Price had continued to sell off in early trading only to rebound and close just above the open of the previous candle leading to the formation of the Trade Setup. Expectation are for price to continue north targeting resistance as shown above.

USDJPY Price Action: Inside Bar Trade Setup. June 23, 2013

An Inside Bar Price Action Trade Setup was Spotted on the USDJPY at the close of Trading on Friday June 21, 2013. This Trade Setup occurs close to Resistance but going by the recent trend on the pair (bullish) Price should aim to reach resistance at about 98.80. 

GBPUSD Price Action: GBPUSD breaks support as Pin bar Trade Setup fails. June 23, 2013.

 

 A Pin Bar Trade Setup on the GBPUSD last week Thursday (June 20, 2013) has failed since price broke the low of the Pin Bar by the end of trading on Friday June 21, 2013. This leaves room for more bearishness and price could target 1.5200 if this momentum is sustained. Our entry will be based on intra-day price Action Setups.

USDCHF Price Action: Pin Bar Trade Setup.June 20, 2013.

 

This looks like a straight forward trade setup on the pair as priced was rejected at about the 21ema forming a Pin Bar Trade setup. Expectations are for price to continue in its more dominant bearish trend. Entries would be sort at about the 50% retracement zone.