Daily Price Action
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Category Archives for Free Forex Trade Setups

Price Action Setups: GBPUSD, USDJPY, NZDUSD and AUDCAD

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audcad forex 4 hour chart

As a follow up to yesterday’s bearish pin bar, GBPUSD looked indecisive today. The close didn’t really provide much confirmation for bulls or bears. The market could go either way from here. However considering that we’re still trading below resistance, I’ll favor the downside until the market can prove otherwise. USDJPY is starting to gather some serious […]

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Price Action Setups: Is GBPUSD Trying to Tell Us Something?

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gbpusd daily forex chart

GBPUSD finally gave us something to work with today. This is the level I mentioned a while back that would become interesting with the right setup. So is today’s bearish pin bar the right setup? That depends on the way you trade. For the way I trade, this is looking pretty good. The only thing […]

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Price Action Setups – “Yen Monday”

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gbpjpy price action channel

I’m trying something a little different today. I’ve made the charts a little larger so that you guys can click on them and get a better perspective. Once open you can click anywhere on the chart to see the next one in this series. The market gave us some great price action to start the […]

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CADJPY 4 Hour Pin Bar

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cadjpy 4 hour forex chart

Just tweeted about this pin bar @justinbennettfx CADJPY just put in a 4 hour bullish pin bar. Right now 94 is the level to beat. We’ll see how the day closes, but so far most of the Yen crosses have been on fire.

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Price Action Update: No Shortage of Pin Bars

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gbpjpy daily forex chart

Hope everyone has enjoyed their weekend and is ready for a new trading week. Here are some updates from the setups that were covered in last week’s post. EURNZD formed a nice bearish pin bar at resistance on Thursday, however the market nearly broke the high during Friday’s session. Typically when the market hovers around a key […]

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