EURJPY MAKING ITS WAY TO THE RESISTANCE AT THE DESCENDING TRENDLINE

EURJPY could go short if it manages to reach the descending trendline.


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USDCHF CONTAINED WITHIN A TRIANGLE

USDCHF as seen above broke out of its long standing bearish trendline and has consolidated within a triangle in recent times. Bullish trade signals would be sort as price hits the support of the ascending triangle within the week.


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EURUSD looks set for further bullish activity.

EURUSD as depicted in the figure above has run into a cup and handle trade setup. This is a bullish trade setup and price has already made a failed attempt to break through the horizontal/round number support. All these point to a possible further bullish drive on this pair in the coming days. Price could target previous highs.


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"USDJPY" primed for further bullishness

USDJPY is primed for further bullishness following the Pin bar that formed off the round number support. This setup is significant because price had pulled higher after an inside bar price formation on the 15th of April.


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EURJPY Validates push from support, more bullishness to follow.

The EURJPY has validated its recent push from support as price penetrates the tip of the cup and handle price formation. The momentum of this bullish validation should push price higher in the coming days.



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My Price action Trade Technique has been upgraded with the introduction of an equally simple but very effective Trade Setup called the CUP Trade Setup.

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GBPUSD Pushes higher from Key Support

There was a classic Cup and handle Trade Setup on the GBPUSD which was broken to the long side on the 8th of April. Price came back to that Key support, gave off a Pin bar which has triggered a bullish move on the GBPUSD. This means we are in for continued bullish pressure on this pair.


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My Price action Trade Technique has been upgraded with the introduction of an equally simple but very effective Trade Setup called the CUP Trade Setup.

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AUDNZD VALIDATES CHANGE IN TREND

AUDNZD which had hitherto been on an extended bearish run now seems to have found a new path in its recent rally. Expectations are now for more bullishness in the coming weeks.


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My Price action Trade Technique has been upgraded with the introduction of an equally simple but very effective Trade Setup called the CUP Trade Setup.

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