Announcement: Nial Fuller Releases 'Price Action Forex Trading Mastery Course - 2nd Edition' - Click Here
Nial Fuller's Price Action Forex Trading Education Community - Learn, Trade, Profit

Forex Trade Setups Commentary: AUDJPY price action

The daily chart of the AUDJPY has provided a couple very nice price action setups lately. We can see in the chart below a pin bar and inside bar setup that formed within the last 5 trading days. The inside bar setup was posted in our member’s commentary yesterday before it came off to the downside.

These price action setups developed just below the solid resistance level near 77.60 and occurred within the context of a weakening market, both of these factors added confluence to the setups. We see support coming in near 74.60.

1282255595-clip-12kb

For a more in-depth analysis of the major forex currency pairs and price action analysis, please check out my forex trading course.

Commentary:

Investors flocked to safe havens like the U.S. dollar, Japanese yen and Swiss franc today in the currency markets on signs the global economy is stalling. Gold rose for the sixth consecutive day.

The Dow lost 144.33 points, or 1.39 percent, the S&P 500 dropped 18.53 points, or 1.69 percent, and the Nasdaq lost 36.75 points, or 1.66 percent.

Axitrader

Leave a Comment

Recent Posts in Trade Setups Commentary

EURUSD Contained Under Key Resistance, GBPUSD Weakness Continues, 1st September...

Posted on September 2nd, 2015 | by | in Forex Trading Commentary | No Comments
EURUSD Contained Under Key Resistance, GBPUSD Weakness Continues, 1st September 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD – Euro/dollar still contained under resistance after false-break The EURUSD moved modestly higher today, but we are still bearish following the... Continue Reading

Weekly Forex Commentary & Trade Ideas – August 31st to September 4th,...

Posted on August 31st, 2015 | by | in Forex Trading Commentary | No Comments
Weekly Forex Commentary & Trade Ideas – August 31st to September 4th, 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: EURUSD - Euro/dollar weekly chart pin bar sell signal As we can see on the weekly EURUSD chart below, this pair formed a large bearish pin bar and false-broke... Continue Reading

EURUSD False-break and S&P500 Surges Higher as Volatility Continues, 27th...

Posted on August 28th, 2015 | by | in Forex Trading Commentary | No Comments
EURUSD False-break and S&P500 Surges Higher as Volatility Continues, 27th August 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here EURUSD – Euro/dollar back under key resistance The EURUSD fell lower again today and held under 1.1400 / 35 key resistance again, making a false break to the upside earlier this week to look... Continue Reading

Market Crash Equals Big Trading Opportunities – 24th August 2015

Posted on August 25th, 2015 | by | in Forex Trading Commentary | No Comments
Market Crash Equals Big Trading Opportunities – 24th August 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here In recent times we have witnessed relentless volatility across global stock and currency markets. As traders, we love this volatility and as these kinds of moves only happen once a year or so,... Continue Reading

Weekly Forex Commentary & Trade Ideas – August 24th – 28th, 2015

Posted on August 24th, 2015 | by | in Forex Trading Commentary | No Comments
Weekly Forex Commentary & Trade Ideas – August 24th – 28th, 2015
Note: We Use ‘New York Close Charts’ – Get Our Preferred Charts & Trading Platform Here Trading Setups / Chart in Focus: GBPUSD - Sterling/dollar potential for further upside The GBPUSD formed a bullish fakey pin bar signal last week, in-line with our recent bullish views on... Continue Reading

Leave a Comment

Your email address will not be published. Required fields are marked *

Nial's Professional Forex Trading Mastery Course    Close

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Learn To Trade The Market Pty Ltd, it's employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.

Copyright 2008-2015 Learn To Trade The Market
legal