NZD/USD Analysis

Bearish Pinbar Candle on Daily Timeframe
Bounce off nearby support
Trend clearly down
Other USD pairs bearish
No obvious resistance until low 7500s
False break of 21st Dec candle


Order to short as per below:

STOP: 7786
ENTRY: 7725
LIMIT: 7505

RISK/REWARD: 4/1

AUD/USD Trade

Having a second pop at the cherry. didnt get a chance to post this before but am in short at 9988.6. Still bearish and bounced off 8ema today

AUD/USD analysis

Short signal on daily after bearish couple of days.

- Big bearish pinbar candle on daily timeframe
- Trend down
- Bounce off support
- No resistance until 9770s
- Gap left around 9770s yet to fill

Short order as per below:

STOP: 10166
ENTRY: 10052
LIMIT: 9824

RISK/REWARD: 2/1

EUR/USD Analysis

Bearish candle on daily timeframe
With the downward trend
Support held
False break of the inside bars (2 previous candles)

Short order as per below:

STOP: 13552
ENTRY: 13476 - 62% retrace
LIMIT: 13286

RISK/REWARD: 2.5/1

EUR/JPY Analysis

Bearish pinbar candle formed on the daily timeframe
Trend = Down
Bounce off support at 10470.
4hr chart also shows a rejection at horizontal level.

Order to short:

STOP: 10572
ENTRY: 10489
LIMIT: 10323

RISK/REWARD: 2/1

USD/CAD Analysis

Daily timeframe is looking very bullish after breaking the 10266 resistance area

Pinbar candle formed on daily timeframe
Strong trend upwards
several bounces off 8 ema and both emas are pointing up

Order to go long as per below:

STOP: 10194
ENTRY: 10250
LIMIT: 10474

RISK/REWARD: 4/1

AUD/USD analysis

Bullish pinbar candles holding up well off 21ema support. Bounced off it 6th day in succession. Todays bar created a inside bar and its with the trend. Order to go long as per below:

STOP: 10268
ENTRY: 10340
LIMIT: 10556

Risk/Reward: 3/1

AUD/JPY Analysis

Bullish pinbar candle on daily timeframe. Momentum strong, moving averages pointing up. bounce off 8ema and horizontal support. Trend up. Long order as per below:

STOP: 7957
ENTRY: 8075
LIMIT: 8281

RISK/REWARD: 1.75/1

AUD/CAD Analysis

Huge bullish pinbar on daily. Off strong support and 21ema. With trend. Long order as below:

STOP: 10418
ENTRY: 10488
LIMIT: 10628

RISK/REWARD: 2/1

GBP/JPY Analysis

News coming out of a new eurozone bailout had turned everything bullish again for now. Price Action signals are now on the daily timeframe for this pair.

Past 3 days there have been 3 pinbar candles, all bullish all bouncing off 21ema. Trend is now up. Moving averages pointing up. I think theres a nice risk/reward to be had here so am setting the below order to go long

STOP: 12101
ENTRY: 12180
LIMIT: 12417

Risk/Reward: 3/1

GBP/USD Analysis

Pin bar candle off support on the daily timeframe has given a good bullish price action setup. Bounce off 8ema and support at 15903 which was twice before previous resistance. Moving averages up with strong momentum. Trend up.

Have gone long as per below:

STOP: 15879
ENTRY: 15970.2
LIMIT: 16152

Risk/Reward: 2/1

AUD/JPY Analysis

Daily timeframe showing bullish price action signals

Pinbar candle again reject 8ema.
Trend now up
Moving averages show growing momentum
Bounce off support holding.

Long order as per below:

STOP: 7830
ENTRY: 7889
LIMIT: 8125

Risk/Reward: 4/1

EUR/USD Analysis

Bearish price action signal on the daily timeframe.

Pinbar candle off support around 13876. With the overall bearish trend. 50% retrace off the 29th Aug high. Short order placed as per below:

STOP: 13873
ENTRY: 13796
LIMIT: 13603

Risk/Reward: 2.5/1

USD/CAD Analysis

Huge bullish pinbar on daily timeframe

Bounce off 21ema
With Trend
Bounce off 10535 support
50% retrace off 16.9 low

LONG order as per below:

STOP: 10227
ENTRY: 10325
LIMIT: 10521

RISK/REWARD: 2/1

EUR/USD Analysis

Bearish pinbar formed on the daily timeframe

It has rejected 8ema and off 13494 support
Bounce off upper trendline
61.8 retrace
With Trend

Short order as per below:

STOP: 13529
ENTRY: 13441
LIMIT: 13265

Risk/reward: 2/1

AUD/CAD Analysis

A bearish pinbar has formed on the daily timeframe. It has come off 10122 support which was previous strong support on the bullish side. 2 Rejections of 8ema as well. With the trend. Theres a clear triple top on the weekly timeframe which gives weight to the bears. Have placed a short order as per below:

STOP: 10170
ENTRY: 10122
LIMIT: 9978

RISK/REWARD: 3/1

EUR/JPY Analysis

This is a similar setup to the chf/jpy trade placed earlier this week

Bearish pinbar on the daily timeframe. broken through resistance which is now support
Trend is down. Rejection of 8ema. 4hr chart shows today 50% retrace then turn of the 29th Aug high. Looking to go short on 50% retrace of daily pinbar

Order as follows:

STOP: 10999
ENTRY: 10888
LIMIT: 10666

Risk/Reward: 2/1

EUR/USD Analysis

Huge bearish pinbar candle on the daily chart which suggests we're finally breaking out of this frustrating trading range!

Broken below 14072 resistance. Trend is clearly down. Forex markets were volatile today so allowing stops to be extra big. Order placed to short the 50% retrace of this candle:

STOP: 14285
ENTRY: 14126
LIMIT: 13826

Risk/Reward: 2/1

CHF/JPY Analysis

The daily timeframe is currently showing one of my favourite setups. Nice bearish pinbar, clear rejection of support and with the current trend which is down! Also a bounce off the 38.2 retracement of the 9th Aug high. Short order placed as per below:

STOP: 9882
ENTRY: 9792
LIMIT: 9612

RISK/REWARD: 2/1

GBP/JPY Analysis

Bearish pin bar candle developed on the daily timeframe. The 4hr chart shows a nice level at 125.62 where former resistance has now turned into support with 2 bounces off that level with a pinbar. Ideal entry wouldve been a retrace of these candles.

Trend is down and resistance doesnt come until 123.35. There is also a bounce off 9ema which sits at the 125.62 support too. Order placed to go short as per below:

STOP: 12536
ENTRY: 12470
LIMIT: 12338

RISK/REWARD: 2/1

USD/CAD Analysis

Big bullish pinbar candle on the daily timeframe. Off support area between 9788 and 9815. Several inside bars before today. Todays pinbar candle, broke below the mother candle then right back up. Trend is up. Moving averages are pointing up. 4hr chart shows the support area. Order to go Long as per below:

STOP: 9784
ENTRY: 9838
LIMIT: 10000

RISK/REWARD: 3/1

NZD/USD Analysis

Bearish Pin bar candle on daily, off support. Also off 8ema and 8 and 21 ema are both pointing downwards. With trend. Order to open short as follows:

Stop: 8300
Entry: 8230
Limit: 8020

Risk/Reward: 3/1

Move stop to b.e when price reaches: 8160

AUD/JPY Analysis

False break out candle on the daily timeframe. Referred to as a "Fakey" by Nial Fuller on www.learntotradethemarket.com. With the trend, bounce off inbetween the 2 EMAs and a 50% retrace of the 1st Aug high. Entry is meant to be break off the mother, slightly late on this on by about 20pips

STOP: 8089
ENTRY: 7935.9
LIMIT: 7706.4

RISK/REWARD: 1.5/1

NZD/USD Analysis

Bearish pinbar candle on daily has formed off 8ema. It aint the best pinbar in the world but moving averages are sloping down, its off support and most importantly with the trend. There is also a big pinbar on the weekly timeframe which is bullish and is giving a conflicting signal. However, id expect 50% of that bar to be retraced before there is any bullish movement. Trade placed to go short as per below:

STOP: 8395
ENTRY: 8335.6
LIMIT: 8187.1

RISK/REWARD: 2.5/1

EUR/GBP Analysis

Nice bearish pinbar candle has formed on the daily timeframe. The support areas are pretty close so im looking for a good pullback to the 8845 support line before entering this trade. 4 hour chart below clearly shows 2 bounces off this area. Trend is down. A good pullback is required as the risk/reward would otherwise not work. Order to short placed as per below:

STOP: 8890
ENTRY: 8845
LIMIT: 8719

RISK\REWARD: 2/1

AUD/JPY Analysis

The JPY pairs produced some nice looking pinbars on the daily timeframe. The aud/jpy pair has a big one and is now under previous resistance. there have also been 3 bounces off 21ema and the moving averages looks bearish and pointing down. Short order placed as per below

STOP: 8520
ENTRY: 8373 - roughly 50% retrace of the pin bar
LIMIT: 7932

the potential reward here is huge hence the bigger stop

RISK/REWARD 3/1

GBP/USD Analysis

Been a bit difficult to trade the major pairs recently with a lot of sideways action going on.

GBP USD seems to be ranging at the moment but ive spotted a potential pinbar setup on the daily timeframe

The pinbar comes off 16224 support which has held previously during April and June. trend is clear up, MA's are up. We had had a 50% retarce of the 18th July low and 38.2 retrace of the 12th July low. Trade to go long as per below:

STOP: 16217
ENTRY: 16275 (50% retrace of candle)
LIMIT: 16420

RISK/REWARD: 2.5/1

GBP/JPY Analysis

There's a nice downtrend on the daily timeframe so have been on the lookout for price action setups. Fridays close produced a inside bar. It is sitting near resistance so a break of the bigger mother candle needs to happen before i consider entering. This mini retrace here has also retraced 50% of the 5th July High. The inside bars have bounced twice off 8ema. Placing a order based on the break of the mother candle as per below:

STOP: 12745
ENTRY: 12674
LIMIT: 12532

RISK/REWARD: 2/1

Dow Jones Analysis

Dont trade the indices much these days but theres a nice bearish inside bar setup on the daily timeframe. A break below the bigger mother candle which will be below resistance and a bigger fall is on. Trend is now down. Order placed as per below on Aug contract

STOP: 12453
ENTRY: 12333
LIMIT: 12093

RISK/REWARD: 2/1

EUR/USD Analysis

Recent bearish movement in the euro seems to be picking up pace after a breather with the nice looking bearish pin bar candle. Today it retraced the 4th July high by 61.8% fib and turned back. It also rejected support line which was previous resistance. Trend is down on all major timeframes too. nice bounce off 21ema in between the 2 moving averages gives a case to go short stronger. Short order placed as per below

STOP: 14288
ENTRY: 14180 (8ema near 50% retrace of the daily candle)
LIMIT: 13964

RISK/REWARD: 2/1

EUR/GBP Analysis

Big bullish reversal candle suggests another bought of buying is imminent. Is this also was previous strong resistance and with the trend

8 and 21ema still bullish

Order placed to go long as per below:

STOP: 8896
ENTRY: 8954
LIMIT: 9128

RISK/REWARD: 3/1

AUD/JPY Analysis

Have been keeping an eye on these inside bars of the past few days which finally broke upwards today through 87.20 resistance. Seeing as i missed the entry, im hoping for a pullback to the 87.20 area. Trend is up. Order as per below:

STOP: 8668 (roughly 50% of the mother candle on the 1st July)
ENTRY: 8726
LIMIT: 8900

RISK/REWARD: 3/1

CHF/JPY Analysis

Bullish pinbar has formed on the daily timeframe. Bullish momentum seems to be still rising and there are a few signals that back the bullish case

This pinbar has formed off 96.10 support which was previous resistance for the last couple of months. Trend is bullish overall as well. 8ema provides support on the same point as the 96.10 support line

Order to go long as per below:

STOP: 95.82
ENTRY: 96.25
LIMIT: 97.75

RISK/REWARD 3.5/1

GBP/JPY Analysis

Based on the 4hr timeframe, we have uptrend which is building momentum. Today a 4hr hour pinbar has formed which has bounced off the 13000 support which was pretty resistance before. We have also had 2 rejections of 21ema which suggests a move higher is likely. The 2 moving averages are also supporting this trend so ive placed a LONG order as per below


STOP: 12986
ENTRY: 13007
LIMIT: 13112

RISK/REWARD: 5/1

AUD/JPY Analysis

Interesting readings on the daily timeframe where we seem to have found strong support at the 84.33 region. Although short term momentum is down, we have had 5 bounces off the 84.33 area. This area was previous resistance on the 18th Feb. This area also marks the 38.2 retrace of the 17th March low. The main overall trend on the daily and weekly charts is up. Also, notice the trading range which seems to have developed between 87.20 and 84.33 area. I'm placing a long order, summarised with reasons below

Reasons:

- Main trend up on Daily and Weekly charts
- 5 bounces off support at 84.33
- Bullish pinbar candle today off 84.33 support
- 38.2 retrace of the 17th March low
- Bottom of the trading range

ORDER to go long at 84.56
STOP: 8400
LIMIT:8680

Risk Reward 4/1

NZD/USD Analysis

Nice pinbar setup on the daily timeframe for this pair. Only thing i see against this setup is lower time frame momentum is slightly in favour of the bears but i see a confluence of bullish signals which i fancy and it seems as if the lower timeframes possibly need a breather

Reasons to go long:

- Bullish pinbar candle on Daily
- Bounce off 7970 support which was previous resistance
- Main trend on daily chart is up
- The close of the daily bar is around 50% retrace from the 16th May low

Order to open: 8021 (50% retrace of daily candle)
STOP: 7962
LIMIT: 8198

RISK/REWARD 3/1

Dow Jones Analysis

Nothing concrete in the Forex markets to trade but ive found a potential short entry on the Dow

Nice bearish pin bar candle on the daily timeframe. Trend is now down. Resistance at 12400 broken and is now support. Same applies to 50MA.

Looking go short on order at 50% retrace of todays daily candle

ENTRY: 12378
STOP: 12438
LIMIT: 12198

RISK/Reward 3/1

CHF/JPY Analysis

My order from yesterday missed by a couple of pips. However i still a bullish potential in this pair, based on yesterday analysis

On the 4hr timeframe, the upwards channel has broken off sideways but we have a nice inside bar and we have some nice support now at the 92.52 area which we've bounced off 3 times

Price Action is the pin bar so i'm placing a long order on break of the mother candle at 92.84. Stop would be the low of the mother candle plus extra for spread

ENTRY: 92.84
STOP: 92.37
LIMIT: 94.25

RISK/REWARD:3/1

CHF/JPY Analysis

Momentum has shifted to the bullish side on the daily timeframe. The pair seems to be ranging from 94.40s to 91.80s. The 4 hour chart shows we are in a bullish channel upwards and we have had roughly 5 bounces off 91.86 support. The daily timeframe also shows a bullish pinbar cnadle. I'll be looking to go long at nearest to 50% retrace of this daily candle as possible to target the top of the rang near 94.40s

Reasons:
- PIN BAR BULLISH
- 5 bounces off 91.86 support
- Trend shifted upwards

Order as below:

ENTRY: 92.44 (strong support on 4hr here so not quite 50% retrace which wouldve been 92.32)
STOP: 91.80
LIMIT:94.36

Risk/Reward: 3/1

EUR/GBP Analysis

Nice bearish pin bar candle again on the daily timeframe. Problem here is there a few support and resistance areas on either side which could make this choppy

However, the euro is still looking weak and im going for a SHORT order based on the below:

- Bearish pinbar candle
- With downward trend
- Previous resistance now support at 8817, 3/4 candles have bounced back off this area
- This area also marks a 38.2 retrace of the 5th May high
- 9 and 21 emas down and the bearish candle from Friday turned inbetween these moving averages

Looking for a 50% retrace of Fridays candle to go short

Entry on Order: 8750
STOP: 8804
LIMIT: 8642

Risk/Reward: 2/1

EUR/CHF Analysis

Big bearish candle on the daily timeframe suggests weakness for the euro. This pair is also in a bearish channel looks like ti wants to go into the 12300s. There is some big resistance though at 12400 which could be hard to break through. I'm placing a SHORt order based on:

- Big bearish pin bar candle
- With downward trend
- Within channel on dailt timeframe
- Bounces off 12700 support
- Retraced 38.2 of the 28th April high
- With 8 and 21ema which acts as support

Entry is near the 50% retrace of the bear candle and off 8ema at 12625
STOP: 12697
LIMIT: 12451 or near

RISK/REWARD: 3/1

GBP/JPY Analysis

This pair has developed some pretty bearish price movement today with a huge bearish candle on the daily timeframe.

We have had rejection on 13412 resistance which was previous support twice. We have also twice bounced off 50MA. We have also a 50% bounce off the Fibonacci retrace from the 28th April high

The previous 4 days have Inside bar candles forming where the candles on 6, 9 and 10th May are all within the mother candle on the 5th May. This is a quality price action setup with the trend which is now down. This setup along with the pin bar which broke up above the high of the mother candle then back down again indicates a false break out. This setup is known as the 'Fakey' setup as taught by Nial Fuller on www.learntotradethemarket.com

I would normally place a order to go short at the 50% retrace of todays daily candle. However, as the sell off was steep, i'll place a short order at 8EMA

So im going to go short because:

- With Trend
- Bearish Pin bar candle
- Inside Bars
- 2 bounces off support which was previous resistance
- 2 bounces off 50MA
- 50% retrace off the 28th April high
- 'Fakey' setup (www.learntotradethemarket.com)

ENTRY: 13271
STOP: 13410
LIMIT: 12993

AUD/USD analysis

The uptrend looks to have resumed in this pair with the daily timeframes now looking bullish again. 8 and 21ema have also turned up. Price action signals have appeared on the daily chart to go long. To support this, we have:

TREND UP
Bullish pin bar candle
Bounce off 107734 support
Moving averages turned up

Looking for a 50% retrace of the daily candle to enter

ORDER to go long

ENTRY: 10792
STOP: 10728
LIMIT: 10984

RISK REWARD: 3/1

EUR/GBP Analysis

More bullish movement for the britsh pound here

The weekly timeframe posted a huge bearish reversal candle to change the direction of the current trend so am expecting some weakness lower

Daily chart has had to days of big falls and today and produced a bearish pin bar candle as well. theres a lot off niggly support areas but the one im looking at next is the 8669 area which is clear on the weekly chart

The trend is not in our favour on the daily/weekly timeframes which makes this a risky trade but the bearish movement makes the play tempting. 9ema and 21ema have also crossed down on the daily chart which suggests a possible shift in trend. As the stop isnt too big and a potential 2.5/1 risk reward on offer, i'll play the order game here again. 50% retrace of todays daily candle to enter

ENTRY: 8778
STOP: 8822
LIMIT: 8668

RISK/REWARD: 2.5/1