Weekly Setup Updates by Admin - 22nd Feb 2017
GBPUSD - Market in bullish momentum above key support level
The GBPUSD higher from last few days with valid bullish pinbars and formed inside bar on 20th Feb. We currently in long market and wait for price action from mother bar low at 1.2390. Yesterday as we observed nice bullish pin bar from low of inside bar. We control some emotions and wait for valid price action candles based on H4 intra day candles.
Weekly Setups by Admin - 20th Feb to 24th Feb 2017
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AUDUSD - market in sideways above key support level
The AUDUSD pushup from key support level from past one year and major trend we find as sideways. We observe market from 0.8050 level and enter into the market as per price action. Presently buyers are more active in daily and weekly timeframe. Currently market at key resistance in weekly chart and we stay away untill will get clear signal from 0.8050 level.
EURUSD - Market in bullish momentum above key support level
The EURUSD higher last before week, following some pull back and formed inside bar last week. We currently in long market and wait till price pull back more to our trend line support area at 1.0580. We watch proper price action at that level and enter in the market from 1.0580 level.
EURGBP - Market now at our trend line resistance level
The EURGBP higher last week, following bullish bar from last few days. We watch price action at that level floowing breakouts and join in short between position from 0.8770 to 0.8700. We update in coming up days the exact market position.
EURJPY - Market now at pull back to previous key resistance level
The EURJPY higher from past few days and now pull back to previous resistance now turned to key support level. We watch price action at 118.60 and enter in market either long or short. As market in bearish momentum now there is possible of false breakout from that level 118.60. If we get proper price action from that level, we go with long position.