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The Live Trade Set Up Part 2 is what is currently going on in the market. The article is not based on past historical charts. So many articles have been written concerning Forex, therefore the practical aspect of it is very important that is why I have decided to always base my articles on current Market situations. In this article, I will cover set up on Weekly and Daily time frames. The Weekly chart will last for one Week if triggered while the Daily chart will last for two days if it triggered. The Weekly pairs are as follows; AUDJPY, AUDUSD, CADCHF, EURJPY, EURNZD, GBPAUD, GBPNZD, NZDCHF, USDCHF and USDJPY AUDJPY WEEKLY CHART The price hit the weekly Resistance while on a bullish trend but as price hit the resistance reacted to form a Candle reversal pattern called Bearish Pinbar. The indication shows that the pair will experience a bearish trend. To trade the pairs you must use a sell stop as the entry mode. Below image shows the price action of AUDJPY AUDUSD WEEKLY CHART The price hit the weekly Resistance while on a bullish trend but as price hit the resistance reacted to form a Candle reversal pattern called Bearish Pinbar. The indication shows that the pair will…
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zeeshan4us avatar

wow awesome article like all the time really a good one im learning lots of things from you thanks once again for such a great article !

Piotr1233 avatar

great article, very educiatonal,thx

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9/39
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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 p…
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Erialda avatar
Erialda 3 Sep

Good Analysis i wish you good luck :)

Aravindh avatar

all the best........

Aravindh avatar

Keep continuing your work.....

AdamFx42 avatar

Very nice!

Faster avatar
Faster 10 Sep

good job +1

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