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Category Archives for Free Forex Trade Setups

AUDCAD Potential Head and Shoulders Forming

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AUDCAD head and shoulders on 4 hour forex chart

Want more price action setups? Join our Exclusive Member’s Community Before we get into today’s commentary, I want to point out that tomorrow is FOMC day, so be sure to take that into consideration when evaluating trade setups. In fact I don’t advise taking on any additional risk between now and tomorrow’s New York close. First up today […]

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GBPNZD Bulls in Control Above Former Channel Resistance

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GBPNZD bullish breakout from daily forex chart

Want more price action setups? Join our Exclusive Member’s Community Over the weekend I mentioned to keep an eye on GBPNZD for a bullish breakout of the channel that’s been forming since October of last year. Shortly after the market opened, the pair broke channel resistance around 2.0140. The pair quickly retested this area, giving traders a chance […]

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Weekly Forex Forecast (January 26 – 30, 2015)

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GBPNZD inverse head and shoulders forex weekly chart

Want more price action setups? Join our Exclusive Member’s Community Last week gave us some big moves in the Forex market following the ECB’s decision. We’ll see if this coming week brings a similar level of volatility, which is a very possible scenario given the Greek election taking place as I type this. One of the largest and […]

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AUDUSD Makes Fresh Five-Year Lows

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AUDUSD daily forex chart

Want more price action setups? Join our Exclusive Member’s Community Yesterday’s price action saw a lot of big breaks on the heels of the ECB’s decision. One of the largest breaks of the day, if not the largest, was AUDUSD. The pair had previously been moving inside of an ascending channel since late 2014. After making three separate […]

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NZDUSD Breaks Multi-Month Consolidation

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NZDUSD monthly forex chart

Want more price action setups? Join our Exclusive Member’s Community I’m going to keep today’s commentary light as we head into some extremely heavy event risk over the next several days. The event risk I’m referring to is tomorrow’s ECB meeting as well as Sunday’s Greek election. Speaking of which, please take the Greek election into account if you […]

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