Daily Price Action
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Category Archives for Free Forex Trade Setups

Price Action Setups – USDJPY Flirting with Disaster

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usdjpy daily chart price action

A lot to cover today, so let’s get right to it… I’ve been posting about this USDJPY wedge for the past week. Under normal circumstances, a wedge coming off a strong uptrend such as this would be considered bullish and therefore favor a break to the upside. However the fact that price action is back at […]

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Price Action Setups – AUDUSD, GBPUSD, GBPJPY and EURNZD

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A lot to talk about today as we had some large moves in several currency pairs. Some of these moves were rather surprising, including the large bearish day for GBPUSD and other Pound crosses. But before we get to those, let’s see where we are with AUDUSD. For those who have been following along, you know […]

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AUDJPY 4 Hour Pin Bar From Support

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audjpy 4 hour pin bar at support

A 4 hour pin bar just formed on the AUDJPY at support. The pair has been trending up since May 5th and based on this bullish pin bar, looks to be ready to retest recent highs at the 96.2 level. We’ll have to see how things play out from here. It’s important to keep in […]

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AUDUSD Price Action: Next Leg Up?

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gbpusd daily chart at support level

Another quiet day for the AUDUSD, still coming off the pin bar from May 2nd. Today’s price action formed a doji. The doji is typically a neutral Forex candlestick pattern. However because we’re in an uptrend and price tested recent lows today, yet closed higher is a bullish sign for me. AUDUSD 1 hour chart. This […]

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(Update) EURNZD Pin Bar Setup at Support

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eurnzd pin bar on the daily chart

The EURNZD pin bar setup that was discussed in the May 8th post is just about at support now. We’ll have to see how today closes, but I wouldn’t be surprised to see this support level broken in the days ahead. The pair is making lower highs, and the Euro has looked extremely bearish over the past week.

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