Price action signal pin bar on nzdusd

Posted by on Aug 8, 2012

By David Ruscelli


Welcome on the daily market outlook with technical analysis and price action strategy. We will take a look on forex market, CFD and indexes.

NZD/USD

On kiwi we have an obvious  pin bar that’s saying us to buy, go long!, target profit around at 0,8250 (a strong resistance area)

I think this it is a good in trend price action signal and can worth to be traded.

NZD/USD D1

 

EUR/USD

On the Eur we see a compression. Today candle touched the low key level with a fakey. Moving averages crossed up, this can mean that probably trend is changing, at least temporary. I would stay outside of market until 1,2330 or 1,2430 will  be broken.

With non-directional trading system we don’t have to guess how and when stay out or in the market. We always are in the market follow the mathematical plan and always take our profit.

I’m working to the performance report of my accounts, it’s gonna be published in the next few days.

EUR/USD D1

 

It’s everything for today, have a good trading!

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