BambooGrowth

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Closed candle below support, next support 2012 low at 74.40

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Buy after Pin bar

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Sell after pin bar

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Also head and shoulders daily - BULLISH

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Ascending triangle - BULLISH

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Last week we discussed a big swing will be coming in EurUsd, our entry was at 1.1075 and the low was 1.1097. (Missed the entry with 22 pips). The EurUsd surged higher on Friday, key resistance area is currently around 1.1440/60 (A lot of market confluence at that area). Our view Bullish

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As discussed last week we said a big bounce is due in the AudUsd, although we hoped for a bigger pullback around 0.7100. We still see some trouble ahead for AudUsd, Key resistance around 0.7490 (Also inline with pitchfork), we will trade the AudUsd both ways. Look for buy price action signals to trade up to resistance 0.7490 (Also 50% retracement level) , and...

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Bearish pin bar on 1 hourly graph.

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Complex Inverse head and shoulders

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Head and shoudlers neckline test

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This pattern is called a descending triangle. To play these chart patterns, you should consider both scenarios (upside or downside breakout) and place one order on top of the formation and another at the bottom of the formation. We will watch closely for a false breakout here, we are more bullish on this pair. But we will consider both ways. Will keep close eye...

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The GBPUSD has gone through a big pullback the last 2 days. GbpUsd formed a head and shoulder pattern, and tested the breakout once and today we might see another test to the neckline. We will be looking for 1 hourly and 4 hourly buy signals today in that support area. We will update our PRO Members of any price action signal today

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The EURUSD rallied today but prices are still below resistance at 1.1250area. Today will be ECB press conference (news), we don’t trade the news but we will definitely take note of it. We’ve seen this trap into ECB before. Basically, EURUSD looks like it is headed higher but then takes out the lows (see December and March ECB meetings) before moving in the...

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As per our weekly forecast commentary, UsdJpy formed an inside bar on the weekly charts. Yesterday it formed an inside bar on the daily graph and a breakdown lower to test the breakout line. (Previous resistance – Now Support). Buy at current levels 109.85 and stop loss 108.59 and take profit 112.69. Good risk reward ratio

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Bearish pin bar in line with trend. Make sure you trade with good risk reward ratio

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Wait for price action signal at 1190 and then go LONG

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As discussed in our weekly forecast, we are still looking for a new low before we will be buying the AudUsd. A Fakey setup formed on the 4 hourly graph at near term resistance. (Mother bar, inside bar and pin bar) Entry 0.7225, stop loss 0.7285 and take profit just above the big support around 0.7100

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The rebound from 1.2910 keeps me looking higher towards the 1.3295-1.3325 zone. Near term support is estimated near 1.2990. 1.3120s may provide interim resistance. Remember to trade with good risk reward ratio