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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Markets Price Action and Formations: THE WEEK AHEAD JAN 27 - 31 2014. EURJPY EURNZD GBPCHF GBPJPY NZDCHF NZDUSD

 EURJPY appears to be offloading some of its over bought pressure. It is important to note that the recent rally of the jpy could even get stronger given that the move has triggered from a head and shoulder formation. We are yet to get a confirmatory price action confirmatory setup to go with the formation and if we fail to get it until price hits the horizontal/trendline support, the more dominant bullish trend should then continue.

 Last week, I had mentioned that the EURNZD was still within its bullish trend as price fell into its bullish entry zone. The trade room made bullish entries based on the setup and we are currently over 300pips up as we approach our conservative TP.

 GBPCHF has just broken through our bullish trendlines as its corrective sell-off seem to be flagging a change in trend. However, we wont be moved into any actions on this pair just yet until the trend clears out. We still carry a bullish bias on this pair as we wait for prices to offer opportunities to trade into them.

 The NZDCHF has continued in its more dominant bearish trend after a corrective sell-off on the head and shoulder price formation as indicated above. Price on this pair should continue to fall lower in the coming week

NZDUSD is trapped within a range but has been offering reasonable trade setups in the range. At the moment, we still await a bullish entry setup from the head and shoulder formed at range support.









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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.

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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Markets Price Action and Formations: THE WEEK AHEAD JAN 6 - 10, 2014. AUDUSD CADCHF EURUSD GBPCHF GBPUSD

AUDUSD has given off a double bottom after price fell to its critical Support zone. This zone looks like interesting buyers into action however care must be taken in making bullish entries. Intraday time frames would be key in making these counter trend bullish entries.

CADCHF outlook remains bearish until its key resistance is broken though we may see some corrective bullishness in the coming week or weeks until about the marked key resistance zone above.

EURUSD outlook also remains bullish as price looks to continue to bounce off the lower trend-line as shown above. At the moment though, corrective sell off entries could still be sort as price aims towards its support zone.

The trade room made a huge catch on pips on the GBPCHF just before the close of the year after price bounced off a rising trendline. Outlook remains bullish though new entries on intra-day time frames could still be sort.

GBPUSD remains bullish and the Trade Room continues to look for good setups to long this pair. Price is currently within support zone and the daily or 4hr time frames may offer reasonable entry setups.


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Markets Price Action, The week ahead. AUDJPY AUDUSD CADCHF GBPAUD GBPCHF GBPUSD NZDCAD NZDCHF

AUDJPY chart above shows us a likely continuation of the bullish trend that emered after price hit a double bottom at about 5 and 27th August 2013. Its always safer to go with the major trend. If we get a reasonable setup on this pair in the coming week, we would buy into the pair. The pair currently trades just above a Support.

 AUDUSD has given off a bearish break changing our bias on the pair. We had expected the pair to bull from the Previous support but it has failed to push the pair significantly higher. A corrective bullish pullback is expected still before any new bearish entries can be made.

 CADCHF is clearly a bearish market with new entries made each time it swings. The current move on this pair could yet break the recent lows.

 GBPAUD has failed to resume a new bearish trend as had been expected. But good enough, there was no Trade setup to warrant any bearish entry and with break of the previous high, the bullish trend resumes. but like before, we still shall wait for price to sell corrective into our mapped support zones.

 GBPCHF has closed with a fakey Price action trade Setup after the initial rejection of the higher prices at its key resistance zone. The trade made new bearish entries on this setup and we look to the pair falling into the first mapped support zone. New bullish entries could also be made at those points.

 GBPUSD looks to be trapped within a horizontal consolidation. sell entries will be made as it faces rejection at the resistance zone while buy entries made at the support.

 NZDCAD also looks to be trapped withing a horizontal consolidation. A buy entry could be taken if the dynamics are right.

NZDCHF is very close to the Trade Room's take profit, which also is the support zone for the bullish break. We could take a buy entry if the price action is right.

GBPCHF PRICE ACTION: Bullish Rejection Pin Bars get bearish Confirmation

The previously extensive bullish run on the GBPCHF came to halt after price hit the 1.4800 Psychological resistance. Price subsequently sold off and even managed to put through the sell-off into and below it critical demand zone (1.4600). So far after that, price has remained constrained: trapped within a concession of inside bars. The bias however has changed from bullish to bearish and price is expected to break lower through this present consolidation.

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Update on Pin Bar Trade Setup, Validated. August 20, 2013

 

 In reference to the trade commentary of the pair earlier today, the bears have sent prices lower as it now approaches its demand zone.

GBPCHF PRICE ACTION: Pin Bar Trade Setup, Validated. August 19, 2013

 

I had drawn our attention to the Counter Trend Pin bar trade Setup on this pair, in my Trade Commentary of the 15th. I had adviced against going short, recommending for a few more days wait to authenticate the Setup. The authentication now seem complete, as we have had 4 candles failing to close above the 1.4500 psychological level, coupled with a breakout in the lower time frames. The trade room is now short on this pair and expectations are for price to reach the demand zone. 

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GBPCHF PRICE ACTION: Stranded Counter Trend Pin Bar at Resistance. August 15, 2013.

 

There was some profit taking in today's trading on the GBPCHF as price failed in its attempt to reach 1.4600, closing below 1.4500 for the second day running, the resulting Pin Bar, however, is what I term a stranded Pin Bar. Appearing too soon after the trend changes from bearish to bullish. It would be very un-wise to trade this pair as the lower time frames are yet to show any breakout. This sort of Price Action Trade Setup many times dont pull off as expected leaving many price action traders wondering why. These are things I teach in the advanced Price Action Class. For the bears to have a say in this market, we may need to find another candle, failing to reach the high of the previous day and and also closing below  1.4500. In the meantime, I recommend that traders ignore this setup.

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GBPCHF Trade Update. August 15, 2013

GBPCHF PRICE ACTION: Trades within supply zone, Psychological level broken. More bulls expected. August 13, 2013

 

 The bulls are now very much in the driving seat on this pair after price pulled higher flying into our projected supply zone. I want to draw our attention to the Stranded fakey Setup from yesterday;s trading. Many Price Action Traders had gone short based on it but it was a lone ranger and was a failed setup even before it formed. The bias had already changed from bearish to bullish as I had pointed out earlier and seeking for any contrary setup was trying to stop a train in full speed.

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GBPCHF Price Action: Ahead Market Open, August 11, 2013. Inside Bar Price Action Setup

The trend on this pair is expected to change from bearish to bullish following the Price Action bearish rejection candle of the GBPCHF on Wednesday (marked break). The next two days had witnessed very little price movements (Inside bars) however, the bias on this pair has changed from being bearish to bullish. The pair could either break through the 1.4300 psychological level or rotate lower in an attempt to gain momentum at about the 1.4200 horizontal/psychological level.

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GBPCHF PRICE ACTION: Pin Bar/Inside Pin Bar (Combo) Trade Setup. August 06, 2013

 

 On the 2nd of August, I ran a commentary on the GBPCHF, drawing our attention to the Closing Price Reversal Trade Setup on it, leaving room for bullish pullback expecations. The Setup has come-off as expected and has also given off a bearish Trade Setup at about our Resistance Zone. The Pin Bar/Inside Pin Combo is a bearish trade setup and could force sellers into action, however, price must first break and trade below the Key Support Zone at about 1.4200 to leave room for another leg of the bearish trend which is the more dominanr trend.

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GBPCHF PRICE ACTION: Closing Price Reversal Trade Setup at Support Zone pulls Price Higher. August 02, 2013

 

 GBPCHF has pulled slightly higher, following its Closing Price Reversal Price Action Setup. Some might also call this setup an outside bar. The trend remains bearish unless price find its way above the Supply Zone as depicted on the chart. In the meantime, Price Action Sell setups would be sort in the event that this pullback fails to break above the Resistance Zone.

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GBPCHF Price Action: Pin Bar Price Action Setup. July 2, 2013

 

 GBPCHF made a futile attempt to close above immediate resistance but was rejected and faced a sell-off subsequently from the combined effort of the horizontal and dynamic resistances, leading to the formation of a Pin Bar. This Price Action Setup should interest sellers , therefore price could tumble lower in the coming days. Immediate support is seen at about 1.4315.

GBPCHF Price Action: Pin Bar Price Action Setup. May 5, 2013

 

 GBPCHF closed the day with a failed attempt to break above its 2 months high; achieved just 8days ago. Price faced massive sell-off immediately after, leading to the formation of a bearish counter trend Pin Bar. This setup interests the trade room as we will be looking to sell at about the 50% retracement region to limit the potential risk in this trade. The near term support (shown above) should interest buyers in the event that price is pushed lower into that zone.

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GBPCHF Price Action: Inside Pin Bar Price Action Setup, 12/04/2013

 

In its attempt to go bullish, GBPCHF broke through resistance at 1.4285 on the 21st March after it formed a Fakey with Pin Price Action Setup. Price has once again pulled back into the resistance which now tends to acts as support on the pair. An inside Pin Bar Price action setup ensures indicating a resumption of possible bullishness and if this setup pulls off, price would attempt to reach resistance at 1.4531.

My Recommendation: Buy pair with stops below recent lows.

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GBPCHF Price Action: Fakey with Pin Setup, pullls off: 22/03/2013

 

At the close of the trading day yesterday, I drew attention to the Fakey with Pin Price Action Setup available on the daily chart and recommended going bullish based on the setup. The pair closed higher at the close of today;s trading. Even higher prices are expected in the coming days since the pair has successfully broken from 1,2,3 bottom signifying the end of the previous down trend. 

My Recommendation: Stay bullish

GBPCHF Price Action: Fakey with Pin Setup, 21/03/2013

 

A Fakey With Pin Price Action Setup on the pair, off horizontal and dynamic supports could send prices higher in the coming days. Notice the New support had acted previously as reistance but had been broken and now tends to support the pair while it attempted to break lower again.

My Recommendation: Buy pair with stops below recent lows.