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Category Archives for Free Forex Trade Setups
Price Action Setups – AUDNZD and EURAUD
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By Justin Bennett - / April 23, 2014
AUDNZD was unable to break the upper limit of the range this week. Price action is fast approaching the 1.073 level, which has served as a key level since December of last year. The EURAUD made an interesting move today, breaking the 1.484 level. Although the recent trend is down, the larger trend has been […]
Continue ReadingPrice Action Setups – GBPUSD and GBPAUD
- By Justin Bennett
- / April 22, 2014
The British Pound was finally able to close above the 1.68 level today. Although there’s no real price action for us to trade, we can look for a retrace into support for a price action buy signal. Let’s see what we get the rest of this week. The GBPAUD is trying to recover from recent lows. […]
Continue ReadingPrice Action Setups – AUDNZD and NZDJPY
- By Justin Bennett
- / April 21, 2014
Not a lot of price action today. However, the AUDNZD is still range bound as it’s capped by the 1.09 level. A break to the upside may provide quite a bit of room to run. We might see some price action this week that would indicate whether the AUDNZD is ready to break this range, or […]
Continue ReadingPrice Action Setups – AUDUSD, AUDNZD and NZDJPY
- By Justin Bennett
- / April 19, 2014
AUDUSD pulled back last week from recent highs. If the pair is to continue higher, I would expect immediate support in the .93 area. A price action buy signal such as a pin bar from this level would create an interesting setup. As always, we’ll have to remain patient and watch how the market unfolds. […]
Continue ReadingPrice Action Setups – GBPJPY and AUDUSD
- By Justin Bennett
- / April 15, 2014
GBPJPY put in a daily pin bar off the bottom of a wedge that’s been forming since last year. The pair also managed a pin bar on the 4 hour chart, which I posted earlier. If the pair can maintain this wedge formation we may see price test the upper boundary around 172,50. Immediate resistance […]
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