Markets Price Action and Trade Setups: THE WEEK AHEAD March 10 - March 14, 2014. EURGBP, NZDCHF, GBPAUD, AUDCHF, GBPNZD

GBPNZD broke below support as iit pulled lower. This break is expected to play out as a false break therefore, traders would be looking to fade the break. At the moment, the expected bullishness is supported by friday's candle close. The bullish trigger should be traded when it appears withing the week.

 AUDCHF should remain bearish in the new week after we saw price rotate higher most of last week.

EURGBP has continued to pull higher after a bullish trigger was spotted within the previous week.As price now approaches the resistance zone, we would wait to see if the more dominant  bearish trend would continue.

GBPAUD is within its support zone and the pair could pull higher within the week/month. We however, still will be on the look out for a valid trigger setup.

NZDCHF had been expected to be bearish in the previous week but price traded higher instead. However, the pair still carries a bearish bias and ma have resumed its selloff as a result of the Pin bar seen on t=Thursday 6th March.








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AUDCHF Price Action: Closing Price Reversal Price Action Setup Pulls off. 10/04/2013

 

 The pair has gained considerable bullish momentum following its hitting support after a massive selloff from its previous Pin Bar on the 4th April. This Closing Price Reversal price Action Setup has pulled off considerably and with the EMA's failing to cross over, We may then be in for extensive buying pressure in the pair.

My recommendation: Stay bullish or look for intraday Price Action bullish setups

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AUDCHF Price Action: The week Ahead, 07/04/2013 - 12/04/2013

 

 The Fakey Setup on the AUDCHF from the close of trade last week has come off quite good on the pair with this week closing as a bearish outside bar. Expectations are for even lower prices in the coming weeks.

You could enroll for my Price Action Course to know how best to trade these Trade setups like the fakey, Pinbar, outside bar etc.

 

We can see that following the daily Pin Bar Trade setup discussed on the 04/04/2013 and its subsequent break of Support on the 05/04/2013, price has fallen significantly lower into Key support. Rotations back into intraday/daily resistances could now follow in the early part of the week.

My recommendation: Sell pair on roatations back into Daily/Intraday resistances.

AUDCHF Price Action: Pin Trade Setup, pulls off. 05/04/2013

 In yesterday's commentary, I pointed out that it was safe to sell this pair with stops above recent highs based on the Pin Bar Trade Setup spotted on it. The trade has pulled off significantly. I expect even lower prices in the coming days selling price rotations back into the new resistance as indicated in the chart. Notice that I have my horizontal lines re-drawn, this is a major aspect of my Advanced Price Action Course.

My Recommendation: Stay bearish

AUDCHF Price Action: Pin Trade Setup, 04/04/2013

 

A Pin Bar has surprisingly sprung up on the daily chart of this pair which looks valid enough to send prices lower. Supports are found at 0.9815 and 0.9706.

My Recommendation: Sell pair with stops above recent highs.

AUDCHF Price Action: Fakey with Pin Trade Setup, 26/03/2013

The Pin bar trade Setup that drew my attention to this pair has eventually failed. The Pair closed above all visible barriers with a Fakey with Pin Price Action Setup. Expectation are for the pair to aim for higher prices in the comming days.

My Recommendation: Buy pair with SL below recent lows.

AUDCHF Price Action: The week Ahead 24/03/2013 - 29/03/2013

 

I brought our attention to the daily charts of the pair, pointing out the reason to be a bit more patient with short entries based on the Pin Bar Price Action Setup spotted on it (see daily Charts). The weekly chart has also a nice bearish look on it now with the pin bar/inside pin price Action setup on it now. Any significant bears however would be based on the successful break of the Support at about 0.9776.

AUDCHF Price Action: Pin Bar/Inside Bar Setup at Resistance 23/03/2013

 

 The Inside bar Price Action Trade Setup on the pair at resistance coupled with the previous pin Bar Trade Setup could signal a top and a possible change of trend. However, no real change in trend can occur without a clear break of support at 0.9775.

My recommendation: Sell cautiously or wait till support is broken.

AUDCHF Price Action: Pin Bar/ Pivot Top Trade Setup, still hovering. 22/03/2013

 

 Despite the combo of setups that appeared at the close of trading on the 19/03/2013, I pointed out that it would be a bit too premature to  short the pair. Price at the moment, is trading far higher and about breaking resistance. 

My recommendation: Wait to see reaction at resistance.

AUDCHF Price Action: Pin Bar/ Pivot Top Trade Setup 19/03/2013

 

 I usually don't trade this pair but I was drawn to it by a few other commentaries I saw on it from different Analysts today. The pair has given off a combo price action setup at resistance (The Pivot Top/Pin Bar Price Action Setup). Many traders would have gone in on the trade earlier than now but experience has shown that the setup usually takes a while to pull-off given that there was a strong bullish trend prior to it. In a day or two, if price fails to break above the resistance just above, we then could be faced with a sell-off on the pair.

My recommendation: Sell at another failed break of resistance.