Live trade set up reveals the direction of the trend across different time frames. The tools for the set up are Support, Resistance, Trendline, Channel, Candle Reversal and Continuation patterns. I will be covering weekly to monthly time frames of so many pairs. Set up based on weekly time frame will last for two weeks while set up for monthly time frame will last for two months

LIVE TRADE SET UP BASED ON MONTHLY TIME FRAME.

The pairs under this category are AUDUSD, AUDJPY and EURUSD


AUDUSD MONTHLY CHART

Price broke out of the Support June, 2013 when the month ended but did not give a reversal candle pattern. At the close of the following Month July, 2013 price pulled back to the Support to form a Bearish Pinbar indicating that the monthly trend was bearish. As August, 2013 candle closed price formed another Bearish Pinbar. The indications show that the monthly trend is bearish. Below screenshot shows the price action set-up for AUDUSD monthly time frame.

http://screencast.com/t/SH8el7jJyA


AUDJPY MONTHLY CHART

Price broke the monthly Support last two Months without forming any Candle reversal pattern. It is always advisable to wait for candle reversal or continuation each time price breakout from Support, Resistance, Trendline or channel. Price formed a Bearish Pinbar continuation pattern as August monthly candle closed. It shows that the monthly time frame is bearish. Below screenshot shows the price action set for AUDJPY monthly time frame.

http://screencast.com/t/udn61mEM

EURUSD MONTHLY CHART

Last Month price hit the Monthly Resistance and then reacted to form a Bearish Pinbar indicating that the pair will move in a bearish direction. Click blow link to view the price action set up for EURUSD

http://screencast.com/t/oWAafqAwT


LIVE TRADE SET UP BASED ON WEEKLY TIME FRAME.

The pairs under this category are as follows; EURUSD, USDJPY, EURCAD, CHFJPY, CADJPY, AUDCHF, NZDCHF and GOLD.

EURUSD WEEKLY CHART

Last two Weeks EURUSD price hit the weekly Resistance reacted to form Bearish Pinbar. The screenshot below shows the price action for EURUSD last two Weeks.

http://screencast.com/t/O8uaDbsCGjp

This week the pair will continues in it bearish trend because week candle closed without any sign of reversal Candle pattern

Check out the current position of EURUSD on the screenshot below.

http://screencast.com/t/FzoND7Sgj

USDJPY WEEKLY CHART

Three Weeks ago price broke out from the Support but could not break the Trendline but formed a Bullish Inside Bar. As price moved in a bullish direction, it retraced last week to re-test the Support forming a bullish Pinbar indicating that the price will continue to move in bullish trend this Week. Click blow link to view the price action set up for USDJPY.

http://screencast.com/t/Ey6TZw688G69

EURCAD WEEKLY CHART

Last two weeks price hit the weekly Resistance I waited for candle reversal or continuation pattern but at the close of last Week candle price formed a bearish candle. Combining last two weeks and last week candle they formed a candle reversal pattern called Bearish Inside Bar.

Click blow link to view the price action set up for EURCAD

http://screencast.com/t/6aIPleaEYim

CHFJPY WEEKLY CHART

Last two weeks price hit the weekly Resistance I waited for candle reversal or continuation pattern but at the close of last Week candle price formed a bearish candle. Combining last two weeks and last week candle they formed a candle reversal pattern called Bearish Railway Track. Click blow link to view the price action set up for CHFJPY

http://screencast.com/t/0K0v3srKt

AUDCHF WEEKLY CHART

Last Week price hit the weekly support and reacted to form a Bullish Pinbar indicating that the pair will move in a bullish direction.

Click blow link to view the price action set up for AUDCHF

http://screencast.com/t/fjjdKjc3wcm

NZDCHF WEEKLY CHART

Last Week price hit the weekly support and reacted to form a Bullish Dogi (Spinning Top) indicating that the pair will move in a bullish direction. Click blow link to view the price action set up for NZDCHF

http://screencast.com/t/HAPNWvQ1ag

GOLD WEEKLY CHART

Last Week price hit the weekly Resistance and reacted to form a Bearish Pinbar indicating that the pair will move in a bearish direction. Click blow link to view the price action set up for GOLD

http://screencast.com/t/4aaC1WW87kj

EURAUD WEEKLY CHART

Last Week price hit the weekly Resistance and reacted to form a Bearish Pinbar indicating that the pair will move in a bearish direction. Click blow link to view the price action set up for EURAUD

http://screencast.com/t/TXcsLJ10g6

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