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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Markets Price Action and Trade Setups: THE WEEK AHEAD March 03 - March 07, 2014. EURGBP, NZDCHF, GBPCAD, AUDNZD,

 NZDCHF pulled back into its intersecting resistance as price was pushed lower as it made an attempt to break through trendline/horizontal resistance. The resulting engulfing bar is a trigger for more bearishness to follow in the coming week.

 Last month's analysis on the AUDNZD showed we had a bearish bias, following the Pin Bar that signalled a possible return of the bears. The trade did take a while to get going but eventually did when we got the trigger setup as shown above. This trade has hit our 1st TP and now approaches the 2nd and 3rd TP's. Tis trade could deliver well over 1000pips based on the 3 entries we made.

 EURGBP looks set to resume long on a retracement move. The resistance as shown above could be key. We would watch to see if we would get a bearish trigger at that zone.

 GBPCAD also looks set to retrace lower. New bullish setups would be sort at about the support as indicated above.



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EURGBP PRICE ACTION: Pivot Bottom Trade Setup.

A Pivot Bottom Price Action Trade Setup as seen on the daily chart of the EURGBP, is a bullish reversal Trade Setup and could send prices higher in the coming days. It is important to note that an intra-day breakout bullish confirmation had occurred within today's trading therefore, price should attempt to reach higher. Psychological resistances at 0.8500 and 0.8600 would be reasonable take profit zones.




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EURGBP Price Action: Inside Bar Price Action close to Resistance. Against Market open July 28, 2013

 

 The EURGBP closed last Friday with an inside bar price Action Setup. In the present bullish market, price should aim higher but must first close above the mother bar of the inside bar setup. If that is achieved, price should then head towards the recent daily high whereas a failed attempt to close above this mother bar could send prices crashing lower, since price is already very close to its Resistance Zone.

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EURGBP Price Action: Fakey with Pin Price Action Trade Setup. Against Market Open May 26, 2013

 

 A Fakey with Pin Bar Price Action Setup is spotted at the close of Trading on Friday May 24, 2013. This showed a  false break of Key resistance following an initial Pin Bar Price Action Trade Setup at the close of Trading on Wednesday May 22, 2013. However, there is a minor support just below the fakey which must be cleared for any significant bearishness. Support is seen at about 0.8450.

My Recommendation: Sell pair at about 0.8570 with stops above the Fakey Pin Bar.

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EURGBP Price Action: Pivot Bottom Trade Setup, 29/04/2013

 

 The previous Key support Zone on the EURGBP (around 0.8420) has halted the sell off on the pair once again, after previously halting it and going bullish after a Fakey with Pin Price Action Setup. This time around, we have a Pivot Bottom Price Action Setup. If this setup pulls off and is able to break through immediate resistance at about 0.8470, price would then attempt to reach Key Resistance at about 0.8570.

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EURGBP Price Action: Inside bar Trade Setup, 31/03/2013

 

 This setup should support further bearishness on the pair as support is seen just below at about 0.8322.

My Recommendation: Remain Bearish

EURGBP Price Action: Price pushes higher after fakey with pin at Confluence 12/03/2013

 

I didn't get the chance to post this setup in real time but managed to send out a Trade call on it, both in my Premium Trade Room and the Free Signal Trade Room last week. We did manage to make a decent 1:2 Risk Reward on this pair and prices still look to aim higher judging from the pin bar spotted at the close of trading 08/03. Expectations are for price to target previous high or there about.

My Recommendation: If you aren't in on the bulls still, don't bank on any bears yet.

EURGBP Bulls Rejection

The very extensive bullish run of the eurgbp may have come to an end as price was vigorously rejected by the end of trading today. This point had marked a very significant resistance level. My expectation is for price to proceed lower into support areas around 0.8160 if it manages to break through near term support at 0.8450