Daily Price Action
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Category Archives for Free Forex Trade Setups

USDJPY About to Break a 20-Year Level?

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usdjpy monthly chart

I posted the other day about USDJPY flirting with disaster. Of course whether it’s actually a “disaster” really depends on which side you’re on when the time comes šŸ˜‰ Regardless of whether you’re a USDJPY bull or bear, there’s a question that I think we can all agree is common ground – how important is […]

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USDCHF 4 Hour Bearish Pin Bar at Resistance

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usdchf 4 hour forex chart

Yesterday I posted about the bearish daily pin bar on USDCHF. See that post here. Just now on the 4 hour chart, a bearish pin bar formed at the same resistance level. There are certainly no guaranteesĀ in the Forex market, but price action signals such asĀ this can be used to give further confluence to a […]

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Price Action Setups – USDJPY Flirting with Disaster

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usdjpy daily chart price action

A lot to cover today, so let’s get right to it… I’ve been posting about this USDJPY wedge for the past week. Under normal circumstances, a wedge coming off a strong uptrend such as this would be considered bullish and therefore favor a break to the upside. However the fact that price action isĀ back at […]

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Price Action Setups – AUDUSD, GBPUSD, GBPJPY and EURNZD

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A lot to talk about today as we had some large moves in several currency pairs.Ā Some of these moves were rather surprising, including the large bearish day for GBPUSD and other Pound crosses. But before we get to those, let’s see where we are with AUDUSD. For those who have been following along, you know […]

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AUDJPY 4 Hour Pin Bar From Support

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audjpy 4 hour pin bar at support

A 4 hour pin bar just formed on the AUDJPY at support. The pair has been trending up since May 5th and based on this bullish pin bar, looks to be ready to retest recent highs at the 96.2 level. We’ll have to see how things play out from here. It’s important to keep in […]

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