USDJPY Price Action: Pivot Bottom Price Action Setup, pulls higher.

 

An Inside Pin Price Action Setup discussed on May 1, 2013 resulted in a Pivot bottom Price Action Setup which has now pulled higher. Price should aim to target resistance at 99.76. 

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.  

GBPUSD Price Action: Pin Bar Price Action Setup, moving lower. May 2, 2013

 

The Cable has shown reluctance to being sold off unlike it's Euro cousin, following the Pin Bar Price Action Setup discussed in yesterday's commentary. However, price remains around key resistance Zone, so we could still see some reasonable selloff by the end of the week. Supports are found as shown on the chart.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.  

EURUSD Price Action: Pin Bar Price Action Setup explodes lower. May 2, 2013

 

 1.3200 zone has shown to be a strong rock holding down the euro. I did point that traders should keep an eye on price action around this zone. A pin Bar, formed at the close of trading yesterday has lead to a massive selloff of the pair. It could be argued that the ECB president was responsible for this move with his very Dovish Press Conference but Price Action had prepared us for this with that Pin bar.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me. 

USDJPY Price Action: Inside Pin Bar Price Action Setup. May 1, 2013

 

 At my last commentary of the yen, I pointed out that the pair had approached a key resistance. Price has so far, rotated past immediate support around 97.64, (which now acts as resistance) and could target even lower prices however, the pair is within key support zone and buyers could move in at these prices. The Inside Pin bar Price Action Setup is a further reason to anticipate bulls coming in to push prices higher but The previous support now turned resistance has got to be broken for a any reasonable bullishness on this pair.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me. 

GBPUSD Price Action: Pin Bar Price Action Setup, 1/05/2013

 

 The Cable has been on a very dominant bullish run but appears to be slowing at this time. Today's candle closed as a Pin Bar, but going by the strength of this trend, it would be safer to wait for rotations back into supports to join the more dominant bullish trend. However, if price continues higher, we will look to make sell entries pending price Action at resistance just above.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.  

EURUSD Price Action: Explodes higher from Inside Bar Price Action Setup, 30/04/2013

 

 The EURO has exploded higher, following the Inside Bar Price Action Setup Spotted in my last commentary on the pair. It remains to be seen if the recent high at about 1.3200 will halt this very strong bullish move. If it doesn't, we would anticipate a reversal as it moves into the Key Resistance Zone as indicated above.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.  

NZDUSD Price Action: explodes higher. 30/04/2013

 

The Kiwi exploded  higher after an anticipated sell-off failed to materialize following its Inside Pin Price Action Setup. When setups occur on the daily time frames, entries are sort on the intra-day time frames. In this case, there was no reasonable bearish setup on the intra-day as Traders were more interested in the more dominant bullish trend.

Subscribe to the Trade Room or the Mentor Programme or the Price Action Course to experience the simplicity of trading Price Action with me.