Markets Price Action and Trade Setups: THE WEEK AHEAD FEB 17 - 21 2014. EURCAD NZDJPY

NZDJPY hits resistance and gave off a Pin bar. The recent trend is bearish and price could just hit in on a bearish run based on this setup.

The setup EURCAD looks good enough to continue north. The trend is still bullish therefore our bias remains so.

Take advantage of my promotional 50% price Slash to enroll for my Price Action Course or a free Subscription to my Trade Room or Mentor Programme  to experience the simplicity of trading Price Action with me.


Free Signal Service:
Fee: $0
Duration: for life
send me an email for detail on this
ahizechris@gmail.com
or skype :christian.ahize

The week ahead: Nov 18 - 22, 2013. AUDUSD, EURJPY, EURCAD, GBPAUD, GBPUSD, NZDJPY, NZDUSD.

AUDUSD as seen above is consolidating at about the support Zone we had mentioned at our last review. The expectation is for bulls to get in on this pair and push it higher from this zone. The trade room made an entry just before the close of the previous week and we expect the bulls to take control from here.

EURJPY as seen above has hit our projected TP Zone. The trade room made over 300pips from our entry. We now wait to see the reaction of the pair at this resistance zone.

EURCAD had triggered our buy entry as price fell within the support zone where bulls were expected to get back into the bullish ride, however, it did manage to pierce that zone-an indication that the bears were viciously selling off. The trade room did make a bullish entry but profits have been protected early since the pair also gave off a sell signal at the last recent resistance Zone. From this point, we are safe to hold onto the trade and hope price manages to push through this resistance. If it fails to and resumes bearish instead, The long tailed support should hold it for another round of bullish entries. Therefore we may be in for some Din Dong on this pair yet.

GBPAUD just above has been pushing long since the last time its review was made. We had pointed out that the trend had changed to bear but that a corrective buy-off was to be expected. Two zones were mapped out as possible reversal Zones and it has thus far broken through the first zone. If it sustains this break, It will most likely begin its sell off from the next resistance zone as indicated in the chart above. A price action sell signal at that zone should send prices down to the expected TP zone as indicated on the chart above.

GBPUSD has been consolidating within the Key resistance and Support Zone as indicated in its chart above. Its now moving bullishly towards its Key Resistance Zone. Pending Price Action, New bearish entries would be made at that zone. It may interest traders to know that the pair now carries a bearish bias following a failed break of the Support Zone.

 NZDJPY: The last review we ran on the pair showed that we held a bullish bias on the pair and also made a bullish entry on it based on the over-all bias. The pair had given off a bullish Trade Signal as it delved into its Key Support Zone, setting off a Pin Bar Trade Setup. This was more like a bread and butter setup and was subsequently taken gleefully. As the pair now trades within its Resistance Zone, We wait to see what Price action Signal it gives off at this zone.

The NZDUSD chart tells an interesting story. The pair had made a failed attempt to continue its bullish trend from the area now marked as Key resistance. This changes the bias on this pair to bearish, and though the new move is bullish, it merely is a corrective bullish move. We are bullish on this pair but our TP is at the Key resistance zone and we would quickly make new bearish entries if we get a clear sell signal.


Take advantage of my promotional 50% price Slash to enroll for my Price Action Course or a Subscription to my Trade Room or Mentor Programme  to experience the simplicity of trading Price Action with me.

The Week ahead Nov. 10 - Nov 15 2013. AUDUSD, CADCHF, EURCAD, EURJPY, EURNZD

AUDUSD daily chart above shows that price has fallen within the pairs critical Support Zone. Bulls are expected to get into the market pending Price Action bullish setups. If we get a failed break on this pair as it attempts to continue in its more dominant bullish trend, our target on the potential move long will be cut significantly.

 CADCHF gave off a bearish Pin Bar Trade Setup at the close of trading on Friday as price bulled correctively into its resistance zone. The bears should snap on the opportunity to make new bearish entries. A close above this zone would change our bias on this pair.

 In the previous commentary on this pair, I mentioned that the pair was expected to resume its bullishness at about this zone. The Pin Bar Trade Setup from Thursday's close, signals a trigger for the continuation of the previous bullish trend, since we only see the bearish move as a mere corrective sell-off.

 The EURJPY and CHFJPY act basically in the same way, and I had pointed out that the bulls were expected to get in on them as price falls into the demand zone. The Trade room made a quick entry on the bullish side and with the daily time frame also giving off an inside Bar Trade Setup, Its likely that price would resume north from this setup.

We had a failed break of a Support Zone on the EURNZD on Thursday, 7th Nov. The failed break should send prices higher in a corrective bullish move.


Take advantage of my promotional 50% price Slash to enroll for my Price Action Course or a Subscription to my Trade Room or Mentor Programme  to experience the simplicity of trading Price Action with me.

GBPAUD CHFJPY EURCAD Price Action Setup, Nov 5th 2013

 The Chart above is that of CHFJPY daily. It brokeout bullishly on the 22nd of October but failed to push through. The "failed break" as many may call it still keeps the pair within its bullish bias until at least, the support zone as indicated above is clearly broken. In the meantime, bullish entries will be sort from that zone as price possibly makes a failed bearish push within it.

 EURCAD Chart as seen just above shows a pair clearly in a bullish mood. The last bullish break on the 22nd October pushed the pair into a 12months high, with the pair haven gained about 2000 pips from its low dating back to August 2012. This bullishness has intermittently witnessed corrective sell-offs like we are having at the moment but bullish entries will still be sort as the pair delves into our mapped out support zones. The chart above shows from about what region the bulls could get back in.

 

GBPAUD as shown in its chart above has had its momentum changed from bullish to bearish. Though at the moment, the pair does seem to be setting up for more bulls, it still needs to respect the bearish break it gave off as Ive indicated in its chart. However, pullbacks into the resistance zones as labelled on the chart has to occur for any reasonable sell entries triggering.

Take advantage of my promotional 50% price Slash to enroll for my Price Action Course or a Subscription to my Trade Room or Mentor Programme  to experience the simplicity of trading Price Action with me.

EURCAD PRICE ACTION: Pin Bar Trade Setup gets bullish confirmation.

The EURCAD has had two bullish trend confirmations after price went into consolidation as it hit Psychological Support of 1.3700. A breakout of the consolidation as pointed out in the figure above was a first trigger to some bullishness. yesterday's Pin bar Trade Setup and its 4 hour bearish rejection confirmation became another bullish confirmation. It is important to note that I always wait to get these 4hour trade setup confirmations before my entries are made.


Take advantage of my promotional 50% price Slash to enroll for my Price Action Course or a Subscription to my Trade Room or Mentor Programme  to experience the simplicity of trading Price Action with me. 

EURCAD Price Action: Pin Bar off dynamic resistance 07/03/2013

EURCAD faced resistance as it attempted to break above the dynamic resistances leading to its closing as a pin bar. This Price Action Trade Setup could send the pair higher, riding on the over-all bearish bias pointed out on this pair in our trade commentary of Feb. 23, 2013.

My recommendation: Sell pair at about 50% retracement of pin.

EURCAD Weekly and Daily Outlook Feb 25th - mar 1st 2013

The weekly chart of this pair has shown consistent rejection of higher prices with multiple pin bars at previous resistance zone. Expectations are for price to fall into previous support zones at 1.3180 and 1.2780.

The Daily chart shows a seeming resumption of the bearish move initiated at the close of the US Session on wednesday (20th Feb 2013). If the range support at about 1.3360 is broken, price should target the next support zone at about 1.3180.