EURUSD Price Action: Inside Bar Price Action Setup, 08 July, 2013

 

The Euro seem to have found support at a previous demand zone. This zone has been very significant in recent times as price had twice this year, failed to break below this level. Therefore, the inside bar price Action Setup formed at this zone at the close of the US session today, could be the trigger for a change in trend however, the major trend on the pair remains bearish, unless price is able to break above the supply zone as indicated above. Meanwhile as the pair rotates higher, Sell Setups would be sort at about that Supply zone, if price fails to trade above it.

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Fakey With Pin price Action trade Setup

The Video Above describes the reason for entry of a Trade Setup Spotted on Monday, July 08, 2013

Weekly Trade Room result: Week ending July 05, 2013.

InstaForex Companies Group

Account: 60607288		Name: APAFTT FX					Currency: USD		Leverage: 1:500		2013 July 7, 21:05
Closed Transactions:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Close Time	Price	Commission	Taxes	Swap	Profit
171982938	2013.06.28 08:48	buy	2.00	usdcad	1.0460	1.0417	1.0556	2013.07.01 23:27	1.0496	0.00	0.00	-0.59	68.60
172184261	2013.07.01 00:57	sell limit	2.00	eurchf	1.2318	1.2355	1.2261	2013.07.01 10:05	1.2311	cancelled
172184362	2013.07.01 00:58	sell limit	2.00	audnzd	1.1869	1.1986	1.1563	2013.07.03 18:29	1.1671	cancelled
172184354	2013.07.01 04:57	sell	2.00	audjpy	91.00	91.67	88.38	2013.07.01 14:25	91.67	0.00	0.00	0.00	-134.46
172184298	2013.07.01 07:38	sell	2.00	eurusd	1.3029	1.3104	1.2885	2013.07.03 12:01	1.2959	0.00	0.00	-1.48	140.00
172184275	2013.07.01 08:26	sell	2.00	gbpusd	1.5223	1.5281	1.5139	2013.07.02 15:30	1.5139	0.00	0.00	-0.42	168.00
172230655	2013.07.01 10:46	sell	2.00	cadchf	0.8980	0.9065	0.8979	2013.07.04 15:52	0.9065	0.00	0.00	-0.74	-178.03
172407340	2013.07.02 13:54	sell	2.00	eurjpy	129.90	131.34	127.43	2013.07.03 12:25	129.24	0.00	0.00	-0.40	132.26
172434598	2013.07.02 16:00	sell	2.00	euraud	1.4218	1.4319	1.4038	2013.07.03 09:52	1.4319	0.00	0.00	2.12	-183.25
172541301	2013.07.03 09:58	sell	2.00	gbpjpy	152.49	152.79	151.58	2013.07.03 11:02	151.58	0.00	0.00	0.00	182.07
172585525	2013.07.03 12:02	buy	2.00	nzdusd	0.7746	0.7758	0.7999	2013.07.03 20:54	0.7767	0.00	0.00	0.00	42.00
172583562	2013.07.03 12:35	sell	2.00	usdchf	0.9503	0.9533	0.9453	2013.07.03 18:14	0.9453	0.00	0.00	0.00	105.79
172597847	2013.07.03 13:02	buy	2.00	audjpy	90.58	90.08	91.82	2013.07.03 20:30	90.79	0.00	0.00	0.00	42.03
172607141	2013.07.03 14:10	sell	2.00	euraud	1.4278	1.4334	1.4024	2013.07.03 18:13	1.4334	0.00	0.00	0.00	-101.79
172707885	2013.07.04 00:07	sell	2.00	euraud	1.4331	1.4433	1.4024	2013.07.04 23:25	1.4138	0.00	0.00	0.00	352.96
172744266	2013.07.04 08:26	sell	2.00	gbpusd	1.5258	1.5308	1.5156	2013.07.04 14:02	1.5156	0.00	0.00	0.00	204.00
172766592	2013.07.04 11:26	buy	2.00	audnzd	1.1706	1.1644	1.1706	2013.07.05 10:59	1.1706	0.00	0.00	0.78	0.00
172772053	2013.07.04 12:09	sell	2.00	usdcad	1.0508	1.0577	1.0434	2013.07.05 15:35	1.0577	0.00	0.00	0.29	-130.47
172773700	2013.07.04 12:29	buy	2.00	usdjpy	99.69	99.19	100.54	2013.07.05 11:35	100.07	0.00	0.00	0.06	75.95
172897268	2013.07.05 00:36	sell	2.00	cadjpy	95.11	95.74	92.70	2013.07.05 15:33	95.74	0.00	0.00	0.00	-124.99
172899430	2013.07.05 01:17	sell	2.00	nzdusd	0.7827	0.7863	0.7722	2013.07.05 17:04	0.7722	0.00	0.00	0.00	210.00
172944341	2013.07.05 10:07	buy	2.00	euraud	1.4116	1.4063	1.4310	2013.07.05 11:40	1.4063	0.00	0.00	0.00	-97.13
173119223	2013.07.06 20:05	balance	trade result for 2013-04										28.88
173119224	2013.07.06 20:05	balance	trade result for 2013-05										-15.88
										0.00	0.00	-0.38	773.54
Closed P/L:												773.16
Open Trades:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P		Price	Commission	Taxes	Swap	Profit
No transactions
										0.00	0.00	0.00	0.00
										Floating P/L:		0.00
Working Orders:
Ticket	Open Time	Type	Size	Item	Price	S / L	T / P	Market Price
No transactions
Summary:
Deposit/Withdrawal:		13.00		Credit Facility:				0.00
Closed Trade P/L:		773.16		Floating P/L:				0.00	Margin:			0.00
Balance:		6 884.65		Equity:				6 884.65	Free Margin:			6 884.65
Details:
Gross Profit:		1 721.61		Gross Loss:				948.45	Total Net Profit:			773.16
Profit Factor:		1.82		Expected Payoff:				38.66
Absolute Drawdown:		134.46		Maximal Drawdown:				352.30 (5.02%)	Relative Drawdown:			5.02% (352.30)
Total Trades:		20		Short Positions (won %):				14 (57.14%)	Long Positions (won %):			6 (83.33%)
Profit Trades (% of total):								13 (65.00%)	Loss trades (% of total):			7 (35.00%)
Largest		profit trade:						352.96	loss trade:			-181.13
Average		profit trade:						132.43	loss trade:			-135.49
Maximum		consecutive wins ($):						4 (393.82)	consecutive losses ($):			3 (-352.30)
Maximal		consecutive profit (count):						452.45 (3)	consecutive loss (count):			-352.30 (3)
Average		consecutive wins:						3	consecutive losses:			1

AUDUSD Weekly Price Action: Pin Bar off Resistance against market Open July 07, 2013

 

The Aussie had yet another bearish week after a failed attempted to go bullish, price was quickly rejected at about its Resistance on Friday, leadin to the formation of a Pin Bar off that resistance on the weekly chart of the pair. The trend and bias on this pair therfore, remains bearish, as prices are expected to aim towards the next demand zone at about 0.8470.

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EURAUD Price Action: Pin Bar Price Action Setup Against Market Open, 07 July, 2013

 

Market closed with a Pin Bar Price Action Setup on the daily chart of the EURAUD. The Pin Bar also occurred at about demand zone and could send prices higher in the coming week with initial target towards the supply zone(Resistance).

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GBPJPY Price Action: Pin Bar Price Action within Demand Zone. July 06, 2013

 

 GBPJPY got sold off after an initial break above its Key demand Zone. However, it faced a quick bearish rejection as buyers got interested in the pair once it came yet again withing that zone, closing the day eventually as a Pin Bar (A very significant Price Action Bullish Trade Setup). Expectations are for price to target higher prices in the coming week with immediate target towards Near Resistance and the long term target could see price reaching far into 155.70 zone.

EURCHF PRICE ACTION: Price fails to break above Resistance: July 5, 2013

 

EURCHF seems confined within a range, as the pairs attempt to break above Resistance, stalled. There is huge possibility for a sell-off from this zone but entry would be sort within the intra-day time frames pending price action Trade Setups.