EURUSD Price Action: Closing Price Reversal Trade Setup, June 25, 2013

 

 The Euro has closed as a closing Price Reversal Setup. Price had continued to sell off in early trading only to rebound and close just above the open of the previous candle leading to the formation of the Trade Setup. Expectation are for price to continue north targeting resistance as shown above.

USDJPY Price Action: Inside Bar Trade Setup. June 23, 2013

An Inside Bar Price Action Trade Setup was Spotted on the USDJPY at the close of Trading on Friday June 21, 2013. This Trade Setup occurs close to Resistance but going by the recent trend on the pair (bullish) Price should aim to reach resistance at about 98.80. 

GBPUSD Price Action: GBPUSD breaks support as Pin bar Trade Setup fails. June 23, 2013.

 

 A Pin Bar Trade Setup on the GBPUSD last week Thursday (June 20, 2013) has failed since price broke the low of the Pin Bar by the end of trading on Friday June 21, 2013. This leaves room for more bearishness and price could target 1.5200 if this momentum is sustained. Our entry will be based on intra-day price Action Setups.

USDCHF Price Action: Pin Bar Trade Setup.June 20, 2013.

 

This looks like a straight forward trade setup on the pair as priced was rejected at about the 21ema forming a Pin Bar Trade setup. Expectations are for price to continue in its more dominant bearish trend. Entries would be sort at about the 50% retracement zone.

AUDUSD Price Action: Break of Support, June 19, 2013

 

 AUDUSD was faced with massive selloff following the bullish tone of the FOMC statement. The intensity of the move saw it break through support easily, which should open the doors for further bearishness. A minor rotation back into new resistance could ensure from where intra day sell bearish setups should be sort.

GBPUSD Price Action: GBPUSD frets around Support Zone, June 19, 2013.

 

On June 11, 2013, I drew our attention to the break of an inside bar trade setup on the Cable and price had been on a buoyant mood until yesterday when it lost ground, dropping again into the zone from where the previous inside bar formed. Expectations are for a bounce to occur at about this Support Zone, however, a break would change the entire complexion of the pair.

The 2 weeks free Trade Room promotion which was started Tuesday 11th June, has so far banked over 300pipsin its first week. Join us now. 

USDJPY Price Action: Inside Bar Trade Setup. June 17, 2013

 

USDJPY is on a strong bearish run which still looks like continuing. Today's Price Action gave out an Inside Bar Trade Setup. The Trade Room has made a pending sell order just above the inside bar with targets towards support at about 93.00. The Inside bar in a confirmed down trend as we have here is usually a trend continuation pattern.

The 2 weeks free Trade Room promotion which was started Tuesday 11th June, has so far banked 200pips in its first week. Join us now.