Showing posts with label EURAUD. Show all posts
Showing posts with label EURAUD. Show all posts

Sunday, March 16, 2014

Markets Price Action and Trade Setups: THE WEEK AHEAD March 17 - March 21 , 2014. USDCAD, NZDUSD, NZDJPY, GBPUSD, EURAUD,

EURAUD bounced off resistance and looks likely to bounce again, off the support as indicated above. A Pin bar at that zone would be the trigger.


GBPUSD triggered for more bullishness at the close of trading on Friday and this scenario should propel the pair higher in the new week.


NZDJPY is set to trade lower within this week as price hit resistance and gave off a outside bar in the process. 
 
NZDUSD has hit a critical point in its recent bullishness. Price could set-off lower early in the week.


USDCAD still hovers around its resistance zone as price hesitates to break through. Given this scenario, It is expected that the bears would have an upper hand at this zone.


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Saturday, February 8, 2014

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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Sunday, January 19, 2014

Markets Price Action and Formations: THE WEEK AHEAD JAN 20 - 24 2014. EURAUD EURNZD EURUSD GBPCHF NZDUSD

EURAUD remains bullish as price continues to soar after brief retraces. This bullish bias remains in the comming week as we would be looking to buy into the up trend if price falls into our critical bullish entry zones between 1.5000 - 1.5200.

EURNZD looks set to continue in its more dominant bullish trend after price gave off a Pin bar as it fell into its bullish entry zone. Friday's bar further proves this as it took out the stops of traders who may have gone short based on the Pin bar of the previous day. 1.6700 is the projected conservative take profit zone.

EURUSD now approaches it Bullish entry zone. Entries could be made with a pending order or for the less aggressive trading, after the formation of a significant Trade Setup.

 GBPCHF bounced strongly off its bullish entry point maintaining its bullish trend.

NZDUSD is a few pips away from its bullish entry zone. The trend on this pair remains bullish and buyers should find this zone significantly interesting for placement of buy orders. The less aggressive trader will probably wait for a trade setup at this zone.

Sunday, January 12, 2014

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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Monday, September 23, 2013

EURAUD PRICE ACTION: Outside Bar Trade Setup

EURAUD fired off an outside bar at the close of trading on Thursday , September 19, 2013. It was followed by a bullish validating candle the next day, however, today, price opened with a GAP up but traded bearishly all through the day, firing off a counter Outside Bar Trade Setup. This is very interesting since we were already long based on the initial Outside bar Trade Setup from Thursday. The decision on this nerve wrecking scenario is to remain bullish until the new setup is validated with at-least another lower low and lower high candle, therefore, this new Setup would be ignored as we look at the possibility of price reaching 1.46.

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Wednesday, August 14, 2013

EURAUD PRICE ACTION: 1-2-3 Price Pattern. Bulls are re-loadin. August 14, 2013

 The expected bearish move on the EURAUD  has stalled, following the 123 bottom trade setup just above the supply zone of the pair. I was carrying a bearish bias on this pair until now. However to see any extensive bullishness, the pair has got to break the high of the 123 pattern. The 123 pattern as indicated above is critical price pattern that could precede a change in trend.

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Sunday, August 11, 2013

EURAUD Price ACtion: Against Market Open August 11, 2013. Bearish Break Spotted.

 The EURAUD had been on an extensive bullish run which came to a halt as price failed to trade above the 1.4750 Psychlogical level, which was followed by a break of that zone on its way down. This created a new bearish bias therefore Price Action sell setups would be sort on retracements back towards the psychological level or on a break of the Demand Zone at about the 1.4300 Psychological level. What ever be the case the bias now is bearish but we will be calm and wait for the suitable price action setups to trade this bearish break.

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Sunday, July 7, 2013

EURAUD Price Action: Pin Bar Price Action Setup Against Market Open, 07 July, 2013

Market closed with a Pin Bar Price Action Setup on the daily chart of the EURAUD. The Pin Bar also occurred at about demand zone and could send prices higher in the coming week with initial target towards the supply zone(Resistance).

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Monday, May 6, 2013

EURAUD Price Action: Inside Pin Bar Price Action Setup complementing Closin Price Reversal Setup. May 6, 2013

Price has closed today's trading with an inside bar price Action Setup, complementing the initial Closing Price Reversal (Dark Cloud) which was spotted on the daily chart of Thursday. Expectations are for the pair to approach lower prices as we intend to rejoin the very bullish trend if price manages to rotate into Near Support

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Monday, April 29, 2013

EURAUD Price Action:Closing Price Reversal Price Action Setup, 29/04/2013

The last time I ran a commentary on this pair, I did discuss its Closing price reversal setup. Once again, we have a similar setup but this time, price has shown even greater reluctance to reach previous higher prices. If this setup pulls off and does manage to break through immediate support at about 1.2603, The next support is not seen until about 1.2470

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Wednesday, April 24, 2013

EURAUD Price Action:Closing Price Reversal Price Action Setup, 24/04/2013

 Following a failed attempt by the pair to break higher above 1.2750 Zone which happens to be a Key Resistance Zone and subsequent closure below 1.2680 from the trading of the last 3 days, this pair is expected to initiate a sell-off that could see prices moving into support zones as shown above.

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Sunday, April 7, 2013

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

 The weekly chart of the EURAUD has shown very significant rejection of lower prices. An outside bar is spotted after price closed above last weeks high. Expectations are for a resumption of an uptrend in the comming weeks.
 
Price exploded higher following the break of resistance at about 1.2352 with very little retracement. Another break was witnessed at about 1.2509. The entire scenario points to higher prices in the coming week however, rotations back into New Support at about 1.2352 should support more major explosions on the pair.

My Recommendation: Buy Pair on Rotations back into supports.

Friday, April 5, 2013

EURAUD Price Action: Pin Bar Trade Setup breaks out. 05/05/2013

 This pair mow seem to have shrugged off its bearish nature with the break of resistance seen at the close of the day's trading. Higher prices are expected i the coming days.
Join me in the Trade Room to see how I intend taking advantage of this breakout.

My Recommendation: Look for long entries on intraday time frames.

Monday, April 1, 2013

EURAUD Price Action: Sell setups being awaited. 02/04/2013

The EURAUD has pulled reasonably higher off its recent lows however, the bearish pressure on the pair remains as we look to sell the pair on rotations into resistance zone at about 1.2450 pending price Action.

My Recommendation: A day or two days wait will be needed to make a reasonable deduction from its price Action.

Thursday, March 28, 2013

EURAUD Price Action: Bullish 2 bar Reversal, 29/03/2013

The extensive bearish run on the pair could now be set for some pull back following the formation of  an outside bar/bullish 2 bar reversal price action setup at the close of today's trading. While the trend remains bearish, there is room for price rotation into resistance region at about 1.2550 if it manages to break above 1.2385.

Join me in the Trade Room to see if and how I intend to trade this setup

My recommendation: Trade the bullish pullback or wait till price hits resistance to rejoin the major bearish trend.

Monday, March 25, 2013

EURAUD Price Action: Fakey With Pin Trade Setup, 26/03/2013

The bearish trend on the EURAUD is yet to give any sign of letting off. The pair closed significantly below the inside bar and support zone. This is a breakout coupled with a Fakey with Pin trade setup. This trade has good potential to sell off, however, we must note that the trade carries significant risk in the potentially high stop loss.Join me in the Trade Room to see how we intend trading this setup.

My Recommendation: This is not a trade for the faint hearted, Sell with stops above recent high.

Saturday, March 16, 2013

EURAUD Price Action: Pin Bar Trade Setup, 16/03/2013

The price action on this pair suggests that the bears are still in control. A pin bar, showing rejection of a previously broken support in an attempt to force a failed break should result in further sell-off of the pair. 

My Recommendation: Bears should prevail into the next support zone

Tuesday, March 5, 2013

EURAUD: Pin Bar at Resistance 05/03/2013

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A Pin Bar at the close of today's trading on this pair signals a bullish rejection. This setup becomes even more significant because of the confluence of events (A horizontal resistance as well as a dynamic resistance) Expectations are for the bears to key into this setup and send prices lower. Key support is found at 1.2507.

My Recommendation: Sell at about 1.2830