Trade Setup

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The EUR/AUD rallied up and stalled at key Support zones 1.60608, forming a small bearish Pinbar in the process.We anticipate a bearish bias at this zone owing to a recent momentum started by the large Pinbar formed January this year.

2- USD/CAD rallied up an stalled at 1.3313, which look like a major swing zone. We can afford to do a bearish blind entry at a major swing spot. There is no major price action Setup.

CHART

DAILY FOREX TRADING OUTLOOK FOR 06/02/2019

The AUD/JPY formed a Fakey setup at Key Support Zone at 79.200.The pair has been grinding up after initial big pinbar reversal formed last year.The near term Resistance zone is at 80.830.

DAILY FOREX TRADING OUTLOOK FOR 05/02/2019

The EUR/USD moved up today after breaking out of the confinement zone around 1.1429.This came after what can be termed as bear trap around 1.12982 formed last week. This ultimately clued us into believing the Bullish has taken over .The next resistance around 1.15708 will be the determinant zone for the bullish bias.A close above this level will ultimately confirmed the bullish bias.

DAILY FOREX TRADING OUTLOOK FOR 31/01/2019

The EUR/USD moved up today after breaking out of the confinement zone around 1.1429.This came after what can be termed as bear trap around 1.12982 formed last week. This ultimately clued us into believing the Bullish has taken over .The next resistance around 1.15708 will be the determinant zone for the bullish bias.A close above this level will ultimately confirmed the bullish bias.

DAILY FOREX TRADING OUTLOOK FOR 30/01/2019

1- The NZD/USD rallied up today but later found bearish pressure daunting.As long as the market continue to trade under the key resistance of 0.68487, we remained bearish bias.

NZD/USD

DAILY FOREX TRADING OUTLOOK FOR 28/01/2019

The NZD/USD formed a False break/Pinbar at major Swing points.Judging by the recent momentum, it look counter trend pin bar, but a closer look at chart shows that the dominant trend is bearish.This gives weight behind the false break/pinbar price Action Setup..

NZD/USD CHART

DAILY FOREX TRADING OUTLOOK FOR 28/01/2019

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AUD/USD moved up on Friday after the bearish Trap formed on Thursday. The inside bar setup always come along with different Price Actions setup dynamics, False Break, Bearish trap, Bullish trap. It takes an experienced Price Action Trader to spot this tendencies. The formation of bearish trap on Thursday is against the present momentum started by the Large Bullish Pin Bar.

Trade Idea- Bias is Bullish.

Key Levels- 0.70815, 0.72904

EUR/USD reversed aggressively at key Support zone at 1.13015 on Friday.This is typical example of what is called Market Trap.We were conscious of trading it on Thursday because of the key support Zone, and also the market is obviously in Ranging consolidation. A close below this zone will have give room for retest of 1.12175.

Trade idea- We sit on our hand until there is obvious close above Resistance zone of the range.

Key Levels- 1.12982, 1.14528 . 1.12175

DAILY FOREX TRADING OUTLOOK FOR 25/01/2019

The EUR/AUD stalled today at Horizontal Support turned Resistance.We anticipated formation of a setup that can solidify our initial Bearish bias started by a large bearish Pinbar. The market initially rallied up but eventually closed below the Horizontal zones mentioned earlier.

Relevant Key zones- 1.60351, 1.61206.

Trade Idea- Bearish with a good reward Ratio

Risk- 100pips.

Risk Appetite- Good

DAILY FOREX TRADING OUTLOOK FOR 24/01/2019


The AUD/USD formed an inside bar today.In lieu of our Price Action strategies, we are anticipating a false break to either directions.But our bias is bullish. Inside bars most time are good setup for trend continuations or trend stalling.

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DAILY FOREX TRADING OUTLOOK FOR 23/01/2019

EUR/AUD continues slow recovery of recent bearish momentum established. We anticipate a bearish bias triggers within 1.6013 zone. We watch closely for a good price action setup that will ultimately support our bearish bias.

USD/ CAD continues slow recovery from the previously established bearish moves.We anticipate a bearish Price Action Setup within 1.3358 zone. This zone served as key Horizontal resistance in short term. An aggressive close above this zone may result in change of bias.

BIAS- Bearish Setup Anticipated.

DAILY FOREX TRADING OUTLOOK FOR 22/01/2019

The GBP/JPY formed an inside bar/fakey bar at around 140.666.The recent upsurge bullish Action gives credence to this setup.There are no certainties, but this setup formed at key Horizontal Support that look likely to act as containment for the Bullish Trend.

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