GBPJPY, June 19th 2014

A well-formed pin bar has developed at Key Resistance level on this pair as we can see on the chart below. It shows us a strong rejection from that key level and offers a good potential Sell opportunity with a high-probability signal and also a good risk to reward ratio.

Gold, June 17th 2014

We can see on the chart below that a pin bar has nicely formed at Key Resistance. This is a high-probability signal that may indicate that the price has bigger chance to reverse and drop in the coming days. Please remember that even though it is a high-probability signal, it doesn't mean that it guarantees us a hundred percent accuracy, so please always use a proper money management to manage the risk from your trades.

Weekly Market Outlook, June 15th 2014

Here is the market outlook of several major pairs and gold. Be aware on key levels which I draw on charts, which are important levels for the price that may provide us some good potential trade setup if a price action signal developed around those levels on next week.


EURUSD

GBPUSD

AUDUSD

NZDUSD

USDJPY


EURJPY

GBPJPY


USDCAD



GOLD


AUDUSD, June 11th 2014

This pair has made a significant upward move from the Pin Bar buy signal at Key Support just like what I predicted before on AUDUSD, May 22nd 2014 post, and by the time the price has reach and entering the Resistance Area. We can look for sell opportunity here if the price remains buoyant below this Resistance Area and shows us a rejection. We have to wait patiently for an obvious sell signal before entering the order.

NZDUSD, June 7th 2014

A long-tailed pin bar has developed right at it's Key Resistance (0.85367), it indicates that the price has strongly rejected from that level. If this key level can hold the price movement, we could expect the price to move lower in the next week heading to Key Support (0.84226).