by Justin Bennett ·
by Justin Bennett  · 

August 12, 2014

August 12, 2014

While much of the market waits for the next catalyst I figured we would review two pairs that were discussed recently as well as one pattern that may produce a setup for us soon. I mentioned the massive bullish pin bar on AUDJPY at the end of last week. If you recall I noted that it might

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by Justin Bennett ·
by Justin Bennett  · 

August 11, 2014

August 11, 2014

Fairly quiet day across the market. As a result many pairs formed inside bars after putting in aggressive moves late last week. Therefore I think it’s only fitting that we take a look at a few of those inside bars to see if any are worthy trade setups. The first setup I want to discuss

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by Justin Bennett ·
by Justin Bennett  · 

August 8, 2014

August 8, 2014

If you’ve ever wanted to see a perfect example of a pin bar, the one that AUDJPY formed today is it. Now that isn’t to say this is the perfect setup, but it is a perfect pin bar. The pair has essentially been trading between 94.55 and 96.10 for some time now. And although the pair did

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by Justin Bennett ·
by Justin Bennett  · 

August 7, 2014

August 7, 2014

Today we’re going to look at a few key levels that have come into question including a recent trend break that may give us a short opportunity. The first pair I want to talk about is AUDUSD, which recently broke support at .9325. From the look of things, this break in support may very well lead

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by Justin Bennett ·
by Justin Bennett  · 

August 6, 2014

August 6, 2014

EURNZD finally reached trend line resistance which I mentioned last week. The pair also put in a bearish pin bar today while closing below the 1.581 key level. The pair has been in a downtrend since late last year and if today’s bearish price action is any indication we may see further losses from here. The

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by Justin Bennett ·
by Justin Bennett  · 

August 5, 2014

August 5, 2014

As the title might suggest, I like USDCAD higher from current levels. We’ve been discussing this pair for the past two weeks leading up to last week’s 200 pip rally. In fact the level I’m now using as an area to buy is the same level I used as a second profit target last week. From here

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by Justin Bennett ·
by Justin Bennett  · 

August 4, 2014

August 4, 2014

Fairly quiet day across the markets today, although things should start to pick up some tomorrow with additional scheduled event risk. My favorite trade setup going into the week was NZDCHF. The pair has been trading within a well-defined channel all year and tested channel support once more last week. Upon testing channel support the pair

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