AUDUSD Price Action: Hits Key Support. Against Market Open, June 2, 2013.

 

On Wednesday we had a counter trend Pin Bar on the Aussie which is yet to pull off Significantly. Though the trend is bearish, there are indications that this trend is coming to an end as Price has approached a key Weekly Support. However, Price Action Sell entries would be sort on rotation back into Resistance as shown above.

My Recommendation: Close all previous sell entries.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.  

GBPUSD Price Action: Pin Bar Price Action Trade Setup. Against Market Open, June 2, 2013.

 

 The Cable has positioned itself for further bullishness as Price Closed as a Pin Bar off New Support. Expectations are for price to target higher prices pending its ability to break above near resistance as shown above.

My Recommendations: buy pair on a failed attempt to break or approach New Support.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me. 

USDCHF Price Action: Pin Bar Price Action Trade Setup. Against Market Open, June 2, 2013.

 

 USDCHF on Thursday broke below Support subsequently, this broken support acted to resist an attempt by price to break back above therefore leading to the formation of a Pin Bar at the close of Trading on Triday and the region now considered as the new resistance. Expectation withing the week is for price to continue lower with supports at about 0.9327 region.

My Recommendations: Sell pair if price makes another failed attempt to break above New resistance.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me. 

EURUSD Price Action: Breaks out Range Bound Market. May 30, 2013

 

 The trade room had gone short yesterday in anticipation of contunation of the about 100pips range bounded market but price broke north hitting our stop. This leaves a completely new bias on the pair. Long entries would be sort as price rotates into New Support.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.    

NZDUSD Price Action: Pin Bar Trade Setup. May 30, 2013.

 

The pair managed to complete a 1:2 Risk Reward from yesterday's Pin Bar Trade Setup but was quickly rejected as it touched Support forming a Pin Bar at the close of Trading.This setup leaves us with a bullish bias and entries would be sort at the 50% retracement region of the Pin bar.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me. 

NZDUSD Price Action: Pin Bar Trade Setup. May 29, 2013.

 

The Kiwi has given off a Pin Bar Price Action Trade Setup which is expected to send prices lower and if price rotates into the 50% retracement entry zone, the setup would then offer a decent 1:2 risk reward ratio. The trade room has already made an entry on this setup as price failed in its bid to break above the previous Pin Bar high. It is important to note that the pair is currently shaping to shake-off the recent very bearish pressure on it.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me. 

EURUSD Price Action: Range Bound Market. May 29, 2013

 

 My last Trade commentary on the euro was a complete give away and anyone who went with it completely, would have had a basket full of pips at this time. After the Pin Bar Price Action Setup, price moved lower and hit Key support but was unable to break through it. Subsequently, price moved back into resistance and it also seems reluctant to break away yet again. Price is therefore in a range of about 100pips and savvy price Action traders would have come out with about 200pips from the sell off and subsequent demand. I was in on so many trades and barely traded the euro in all of the rush but Ive managed to make a new entry at about Key resistance and my target still would be the key support.

Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.