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Category Archives for Free Forex Trade Setups

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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AUDUSD Price Action: Next Leg Up?

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gbpusd daily chart at support level

Another quiet day for the AUDUSD, still coming off the pin bar from May 2nd. Today’s price action formed a doji. The doji is typically a neutral Forex candlestick pattern. However because we’re in an uptrend and price tested recent lows today, yet closed higher is a bullish sign for me. AUDUSD 1 hour chart. This […]

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(Update) EURNZD Pin Bar Setup at Support

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eurnzd pin bar on the daily chart

The EURNZD pin bar setup that was discussed in the May 8th post is just about at support now. We’ll have to see how today closes, but I wouldn’t be surprised to see this support level broken in the days ahead. The pair is making lower highs, and the Euro has looked extremely bearish over the past week.

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Price Action Updates for AUDUSD, EURNZD and USDJPY

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usdjpy forex price action daily chart

Not much in the way of price action today for AUDUSD. The market is in a sideways pattern at the moment, holding about 90 pips above the close of the pin bar from May 2nd. We can see from the chart below that price seems to be contained by the short-term resistance at the .9375 level. […]

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Price Action Setups – AUDUSD, USDJPY and EURNZD

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usdjpy daily chart

The AUDUSD formed another inside bar today. This inside bar is almost the exact same size as the one we had form two days ago. Price action continues to look constructive, so the odds of reaching the .942 level remains favorable for the moment. The USDJPY has been forming a wedge since early March. The wedge […]

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