USDCAD Price Action: The Week Ahead, 14/04/2013-19/04/2013

 

USDCAD retraced Slightly after hitting Key Weekly Support, Though, no Price Action Setup is seen on the weekly chart, our attention will be more on the daily.

 

The Daily Chart does show the formation of an Inside Bar. This stands for indecision. However, Since price is currently on Support, We will be more inclined to buying the pair but there is no clear setup to go with on this pair since the weekly chart is not in line with it yet.

GBPJPY Price Action: The Week Ahead, 14/04/2013-19/04/2013

 

GBPJPY pulled back extensively withing the week after an initial continuation of the more dominant bullish trend forming a counter Trend Pin Bar. Price may attempt to reach the Support seen at about  146.00 From where the more dominant bullish Trend could resume pending price Action.

 

The Daily Chart seems to also support the expected Rotation back into Support with the formation of the Pivot Top Price Action Setup. 

AUDUSD Price Action: Continues bullish surge after Closing Price Reversal, 12/04/2013

 

 The AUDUSD has continued to surge higher after the bullish Closing Price Reversal Setup, discussed in my trade Commentary on the 08/04/2013. It remains to be seen if the resistance just above at 1.0578 can put a halt to this massive bullish move.

My Recommendation: Buy pair on intraday time frames and pullbacks.

Join me in the Trade Room to experience profitable trading. 

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.

Join me in the Trade Room to experience profitable trading.

USDCAD Price Action: Inside Bar Price Action pulls Lower. 10/04/2013

 Price has pulled lower following the Price Action Inside Pin Bar Trade Setup discussed April 8th. The Trade Room is short on this pair and expecting to make our usuall 1:2 Risk Reward from it.

My Recommendation: Stay Bearish.

Join me in the Trade Room to experience profitable trading.

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

Join me in the Trade Room to experience profitable trading.

EURUSD Price Action: Pulls higher after Inside Bar, 09/04/2013

 

Price has continued to pull higher after the Closing Price Reversal Price action Setup of the 5th April. An inside Bar Price Action setup which also closed above resistance has also acted in sending prices even higher. Immediate target is seen at about 1.3162 which is is the near term resistance.

My Recommendation: Stay bullish