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Category Archives for Free Forex Trade Setups
Price Action Setups – AUDCAD Forms Bullish Pin Bar at Support
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By
Justin Bennett
- / April 11, 2014
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, […]
Continue ReadingPrice Action Setups – EURCAD and AUDNZD
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By
Justin Bennett
- / April 10, 2014
Not much happening in the market today in terms of valid price action setups. However, the two pairs below continue to show clear support and resistance levels at which we can watch for future price action setups. From my post on Tuesday, we did see the AUDNZD make an impressive move higher today, closing above […]
Continue ReadingPrice Action Setups – EURCAD Forms Back to Back Inside Bars
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By
Justin Bennett
- / April 8, 2014
The EURCAD has put in two consecutive inside bars this week. With the immediate trend down, I wouldn’t be surprised to see price test the 1.49 level before we see the larger uptrend resume. There’s no price action trade at the moment, but this pair does have some interesting levels to watch for the near […]
Continue ReadingForex Trade Ideas – AUDNZD and USDJPY
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By
Justin Bennett
- / April 7, 2014
The AUDNZD has been stuck in a range for a while now, and if the 1.09 level is going to be retested, it may come from a bounce off the 1.074 level. It’s a game of sit and wait at the moment, but the 1.074 level could prove to be a level of increased demand. […]
Continue ReadingEUR/NZD Showed its Hand Today…
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By
Justin Bennett
- / April 4, 2014
I put up a chart of EUR/NZD based on yesterday’s price action, and today we got the expected move to the downside. I really thought we’d get a more pronounced pullback, but the bears were in control from the start…
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