I invite you to a review of potential Price Action setups :
EUR/AUD:
About the sell signal on this pair I wrote in yesterday’s review LINK It is actually opened and now it is waiting for further development.
EUR/USD:
Interesting situation is on Eurodolar. After a false outbreak of support, now the price comes to a strong resistance. If we receive a price signal from the Price Action technique (Pin Bar, Fakey, Inside Bar) on daily chart, we can consider opening short. However, the last trend is bullish, so it seems likely to break through this level. If this happens and the price closes above resistance, then opening longs will apply.
GBP/USD:
The cable has reached resistance, which is also the upper limit of consolidation. We see that recently price is rebounding from the resistance and we can consider shorts after the sell signal. However, same as with Eurodolar, breaking above the resistance and closing above will completely change the outlook of the pair and we will only play long.
I recommend to try Price Action at the XM broker, which has 5 daily candles and it offers 30USD to the account without a deposit: LINK
USD/CHF:
Price has come to important support and rebounds from it. It’s worth keeping eye on the pair and open long after buy signal. The trend is obviously bullish and current declines can only be considered as a correction for the time being.
USD/JPY:
Different situation is on this pair. Here the price has fallen below support and the current direction will be short. We can wait for a bullish correction, which should test that level from below. If this happens, I will look for shorts on H4 charts.
