Chart in Focus

 EURUSD - The daily chart is showing some retracement after bouncing from the support near 1.4000. We are expecting it to be bullish in the short-term, but we are looking for a good bearish price action setup near the 21 EMA or the resistance near 1.4500 to enter the market.

Chart in Focus

EURJPY - The daily chart has formed 2 inside bars near the resistance level at 115.50. If we can see a retest to the dynamic support between 8 and 21 ema with a good price action setup, we may see a continuation in the uptrend.

Charts in Focus

NZDUSD - My commentary made in 2nd March turned out nicely as it went short for almost 1:2 risk reward profit at the time of writing. Also, the green dotted lines you see are the lines which i have created to mark the 1:1 and 1:2 risk reward level. When the price moved to the 1:1 level, i have moved the stop-loss to the breakeven point, which i have implemented it as my trading style.

USDJPY - The setup which i have mentioned yesterday did not turned out as hoped. I did not enter for the trade though, as i personally limit and disciplined myself to two trades per week. As a reminder, not all price action setups work. We need to have some discretions like how many trades you wish to do in a week or month, so that you will avoid overtrading.

Chart in Focus

USDJPY Daily Chart:

USDJPY H4 Chart:

This pair currency has formed a couple of nice setups for the last few days. In the daily chart, there is a bearish pin bar formed along the significant resistance line near 82.00. The price has broken the low of the pin bar and retraced above from yesterday's close, but we may see a further short to the next support line near 81.00, or possibly 80.50.

There is also a fakey setup formed in the H4 chart and looks like it has some room for a short to 81.00.

Chart in Focus

AUDJPY - A bearish pin bar formed along the significant horizontal line near 83.70. It is worth taking note that the 8 ema is crossing below the 21 ema, and this may signifies a start of a strong down trend movement. I have already entered short since it has already broken the low of the pin bar and we shall target for the 2nd support line at 81.00.

Chart in Focus

NZDUSD (D1/H4) - The pair currency made a run at the key resistance near 0.7550 after yesterday's close. We should keep a close eye on the dynamic resistance area between the 8 and 21 EMAs in the next few days for potential selling opportunities. A solid price action setup on the daily or 4hr chart within this resistance area would be reason to consider a short.

Chart in Focus

USDCHF (H4) - The bearish pin bar setup formed along the significant resistance near 0.9600 came off nicely producing a risk-reward of 1:3. Earlier, we can see that there were two pin bars formed near this horizontal line and this recent setup was also confluent with the current momentum downtrend(8EMA is below the 21 EMA). We should have entered when the price break below this pin bar, with the stop-loss placed one pip above the high. This is a very good example of trading with price action strategy.