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If today NFP reading at 200k and above: short positions in the EURUSD, according to RBS reading above 200K will result in a significant shift in market expectations for September thereby keeping market increases the probability of the first well above 50%, RBS prefers the EURUSD due to a clear divergence of monetary policies conducted reading from 175k to 200k, a reading roughly in line with consensus should also be positive for the USD especially again st the euro. RBS with less determination would fall in net long positions on the USD against EUR, GBP and AUD, but the risk of a potentially higher hourly wage below 175k, even such a reading would encourage RBS to sell EURUSD rallies due to the potential expansion of QE in December. JPY weakness versus the lack of concrete evidence that the BoJ to increase buying in the near future would encourage the bank to short positions on USDJPY.

There was a great setup printed on Euro Yen daily time frame kind of rising wedge or a triangle pattern and a downside breakout was there which shows a measured target of 1000 pips down side and so far after break out the pair falling very nicely following ECB president Draghi words for bad fundamental, so far its 300 pips downside after break out and traders those missed to short this pair can look at H4 for price action sell signal……. As there is also a small rising wedge pattern formed and break out happened so in my point of view a simple BCP (Break  out – Pullback – Continuation) setup is a signal for further sell off ……   Kindly look at chart of H4 time frame where price is testing the trend line will take a sell if it prints a pin bar a rejection of upside move.  

‬ Lesson 1 Introduction to Price Action The action of price is called Price action and PA is simply how prices change !! Price Action is the most powerful, yet simplest way to trade the market with success. It is a form of technical analysis  and it uses candles on a chart which represents data. This data shows what the market has been doing for the specified time range. For example if it is a daily candle then it shows what the market did for that day. All economic data and global news that effect price in any way will be reflected on the price chart so it eliminates almost any use of following the news. The main thing that separates price action trading from all other trading strategies is that it uses “clean” or “naked” charts. There are no indicators or anything confusing on your chart, the only thing that is there is raw price displayed as candles. This makes trading simpler and easier to read. Lesson# 2 Price Action Base - Japaneses Candlestick ...

Sell GBPUSD at cmp 1.5662 SL 1.5715 TP 1.5605 ----------------------------------------------------- Short AUDUSD at 0.7339 SL 0.7375 TP 0.7270 -------------------------------------------------------------- AUDJPY sell at 91.30 SL 91.65 TP 90.70

In my last lesson#4 i have mentioned that finding a true support/resistance or supply/demand zone for a perfect trade, using this method we can identify many good trades with best risk reward ratio... NZDJPY is looking in solid uptrend Daily chart and price is keep making higher lows each time and keep moving up but each price has thier station where they pause and reverse or sometime those area are temporary and price break them but using pri ce action tell us which is solid supply demand zone as already mentioned the more price stop at supply demand zone they more become stronger Looking at daily chart it is clearly seen that 91.80 - 92.00 are is strong resistance and price is not able to break in previous few moves and fall sharply.. If you look at today's daily bar it has breached that resistance level but at the end price not able move upward and bulls dead at this zone and bears started taking the control. Since this is clear uptrend the fall might be small but can g...

NZDUSD has just broken its trend line resistance level forming from Oct 2014 and this might be interesting if price close above this broken resistance level on Daily bar.

EUR/USD declined on Wednesday to hit support at the near-term black downtrend line. The rate remains above  that line, something that keeps alive the scenario for a rebound and another test near the 1.1540 (R1) resistance area. On the other hand, our short-term momentum studies provide signs of weakness. The RSI broke below its upside support line and dipped below its 50 barrier, while the MACD has topped and moved below its trigger line. Personally, I would prefer to see a break below 1.1260 (S1) in order to adopt the negative view. Such a move is likely to prompt bearish extensions towards the support of 1.1100 (S2), defined by the low of the 26th of January. Having these mixed signs in mind, I would prefer to take the sidelines at the moment as far as the short-term picture is concerned, and wait for more actionable directional signals. Switching to the daily chart, we see that the price structure still suggests a longer-term downtrend. EUR/USD is printing lower pea...

Trade taken last week of January 2015.

NZD/USD  collapsed after the Reserve Bank of New Zealand shifted from a tightening bias to a neutral bias and even held out the possibility that the next move in rates would be a cut. The pair found an initial support near the 0.7320 zone, but broke that line and declined even more during the European morning Thursday . Given the negative sentiment towards kiwi, I would expect the pair to fall further at least until our 0.7220 (S1) support line. Our momentum studies support the notion. The RSI fell sharply below its 30 line and is pointing down, while the MACD, already negative, crossed below its trigger line. On the daily chart, the recent break below the black channel the pair has been trading in since December switched the bias to the downside, confirming the trend mode of this pair. • Support: 0.7220 (S1), 0.7180 (S2), 0.7120 (S3). • Resistance: 0.7320 (R1), 0.7400 (R2), 0.7490 (R3). Source : Ironfx https://www.ironfx.com/en/reg...

Trade taken Sold AUDUSD at 0.7850 and EURUSD at 1.1312 100 pips TP and SL 50 pips Result -    AUDUSD running 45+ pips and EURUSD 5+ pips ---------------------------------------------------------------------------------------------------------------------------------- Buy EURJPY at CMP 133 Tp 50 - 100 pips SL 40 pips Result - Running 30+ pips