Daily Price Action
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Category Archives for Free Forex Trade Setups

Price Action Setups – AUDUSD, AUDNZD and NZDJPY

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price action setup audnzd chart

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. […]

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Price Action Setups – GBPJPY and AUDUSD

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price action pin bar on gbpjpy

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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Price Action Setup – GBPJPY

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Nice price action setup forming on the GBPJPY 4 hour chart. The pair has been forming a wedge on the daily chart since October 2013. We’ll see how the day closes, but the 4 hour chart is looking quite bullish after forming the pin bar off of the wedge bottom (second chart below). GBPJPY pin […]

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Price Action Setups – AUDCAD and NZDJPY

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AUDCAD inched higher today coming off Friday’s pin bar on the daily chart. The next resistance levels come in around 1.042 and 1.054 as shown by the chart below. Current price action does seem to be lingering a bit, so a pullback to support before the next move higher could be in order. AUDCAD levels […]

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Price Action Setups – AUDCAD Forms Bullish Pin Bar at Support

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nzdjpy price action setup

Today we saw bullish price action on AUDCAD, forming a pin bar on the daily chart after rejecting a key level. If you mark these levels on your AUDCAD daily chart and look back to 2012 you’ll notice these are all key levels in the market. With the current bullish momentum and pin bar today, […]

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