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Category Archives for Free Forex Trade Setups

GBPJPY Pin Bar Setup is Gaining Traction

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gbpjpy 4 hour pin bar

From yesterday’s post, the GBPJPY 4 hour pin bar is now pushing through resistance. If the pair can close above the 172.7 level today, we may be looking at a larger move up to the 179 level over the next few weeks. See the weekly chart below. GBPJPY weekly chart…

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Price Action Setups – GBPJPY and GBPAUD

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gbpjpy daily chart

GBPJPY formed a pin bar today, however the pair is still fighting to break through that key resistance around the 172.70 level. This wedge, which formed earlier this year, comes after a strong uptrend since 2012, so a break to the upside is favored. The coming days should prove interesting as we’ll watch to see […]

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GBPJPY Pin Bar – 4 Hour Chart

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gbpjpy price action chart

GBPJPY just put in a 4 hour bullish pin bar off a key level. The daily chart is also at the very top of the upper range on the wedge that has been forming for the past 3 months (see daily chart below). We’ll have to see how the rest of the day plays out, […]

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Price Action Setups – GBPJPY, EURAUD and AUDUSD

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gbpjpy weekly chart

GBPJPY looks to have broken out of the wedge that’s been forming for the past 3 months. Because the breakout was not overly convincing, it can be somewhat subjective depending on where you have your lines drawn. The coming days should confirm whether this is a true breakout. If we look at the GBPJPY weekly chart, […]

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Price Action Setups – AUDUSD, EURAUD and GBPJPY

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gbpjpy daily chart

The AUDUSD finished the day lower, forming a bearish pin bar on the daily chart. The next level of possible support looks to come in around the .922 level. This level is represented by the lows from late March / early April. Below this level, the .913 may prove as support. The pair is still […]

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