It remains to be seen if we will get a break of this resistance zone. The Trade Room did take a handsome 138pips from this setup.
Saturday, April 20, 2013
NZDUSD Price Action: Pin Bar Trade Setup, April 20, 2013.
There is Pin Bar Trade Setup off the Dynamic/Horizontal Resistances on the daily Chart of the pair. This is inline still with the previous Closing Price Reversal Setup analysis on the 18th April. Further bearishness is expected.
This is the Link to my Online Price Action School. Registration for the first batch of Students is ongoing.
CLICK HERE
AUDUSD Price Action: Pin Bar Trade Setup, April 20, 2013.
I recommended selling this pair at the time I analyzed the Closing price Reversal Setup on April 17th and my bias on it remains unchanged still. In-fact the Pin Bar Trade Setup on it now should entice more sellers into sending prices lower.
This is the Link to my Online Price Action School. Registration for the first batch of Students is ongoing.
CLICK HERE
GBPUSD Price Action: Closing Price Reversal Trade Setup, April 20, 2013.
At my previous commentary on the pair, I advised being a bit more patient to ascertain its true direction. Now, GBPUSD has made a failed attempt at going long, following the inside Bar Trade Setup of the 18th April. A Fakey with Pin Price Action Trade setup ensures which closes below the previous support which should now act as resistance in sending the pair lower.
This is the Link to my Online Price Action School. Registration for the first batch of Students is ongoing.
CLICK HERE
USDCHF Price Action: Minor Fakey With Pin Trade Setup, April 20, 2013.
Following the Closing Price Reversal Price Action Setup Which was Spotted on the chart 2 days ago, a Minor Fakey with Pin Price Action Trade Setup appears, complimenting the previous Trade Setup. If price manages to remain buoyant and break above the near resistance at about 0.9370, It should then make a dash towards the recent highs.
This is the Link to my Online Price Action School. Registration for the first batch of Students is ongoing.
CLICK HERE
My Price Action Online School is Launched!!!!
This is the Link to my Online School. Registration for the first batch of Students is ongoing.
CLICK HERE
Thursday, April 18, 2013
NZDUSD Price Action: Closing Price Reversal Trade Setup, April 18, 2013.
Price fell lower today after NZDUSD gave out a closing Price Reversal Setup at the close of Trading yesterday. Expectation is for price to continue lower into Support around 0.8350.
My recommendation: Stay bearish
Join me in the Trade Room to experience profitable Trading.
Subscribe to:
Posts (Atom)