Markets Price Action and Formations: THE WEEK AHEAD DEC 16 - 20, 2013. CADCHF NZDUSD NZDJPY GBPCAD

 GBPCAD still is in a very bullish run, however, corrective sell offs are expected until about the key support at about the horizontal / trendline supports as indicated above.

NZDJPY: we still continue to look out for bullish entries on this pair. It currently shows a bullish continuation trade setup in the Inside Bar it presents at the moment.

NZDUSD: There is a clear Pin Bar bullish continuation trade setup on this pair. The bias on the pair is slightly bullish and we expect price to attempt to break through the bearish trendline as shown on its chart above.

CADCHF: One of the greatest virtues in forex trading is patience. Those who were really patient with this pair based on my initial recommendation would have made up to 1:7 risk reward on its bearish trade setup we discussed a few weeks back. Expectations are now for a corrective bullish run.


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Markets Price Action and Formations: THE WEEK AHEAD DEC 9 - 13, 2013. CADCHF EURNZD EURUSD NZDCHF NZDJPY

CADCHF has continued to move southwards inline with its recent trend. I have taken time to give a slightly different insight into what the markets are doing with respect to Price Formations. The head and shoulder Price formation which I also like a lot seem to have triggered the recent bearishness.

EURNZD has shown a reluctance for the recent bullishness to continue. We now have a the formation of a head and shoulder, with the second shoulder showing Pin bar rejection candles. It this setup pulls off, it still could be contained within the symmetric triangle formed from the recent and previous head and shoulder price formations.

 EURUSD gave off another Bullish Pin Bar at trend-line support after the initial one which is shown in the chart above. EURUSD is in no doubt bullish mood and though the trade rooms previous bullish entries had hit TP, we still look for new bullish entries on retracements.

 NZDCHF chart shows a pair which has broken through trend-line. Though we have a counter trend Pin Bar at the moment which could move the pair higher in a corrective buy off, more sustainable entries would be sort as the pair buys corrective into 0.8750 area.

After NZDJPY made a bullish break of its trendline, bias on the pair changed to bullish. And there had been two good possible entries. We still buy on any decent retrace into this pair.

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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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