AUDJPY
Yesterday we noticed buy signal on AUDJPY. It was Pin Bar on H4. If someone was fast enough, there was opportunity to set buy limit order on 50% retracement, the position is already closed on 50% and the rest is secured at BE.
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AUDUSD
Australian dollar is quite strong lately. Maybe it is caused by problems in Near East and Europe. Commodity prices can increase and Australian economy is based on them. Aussie is breaking another resistance and if there will be any bearish correction I will open long position.
GBPAUD
Another pair with AUD. Yesterday I set sell limit order but price didn’t reached 50% retracement and decreases are too big to keep this order active. If there will be some correction here, I will look for positions consistent with trend.
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GBPCAD
Pair reached support quickly and there is huge Inside Bar setup. Here I see 4 different scenarios:
- Break below and close below mother candle (its range is set on green), Then we can set sell limit order on 50% retracement of signal candle and SL above it.
- Break below and rebound to mother candle range and close in it. Then we can open long positon with market price and SL below signal candle.
- Break above and close above mother candle. Then we can set buy limit order on 50% retracement of signal candle and SL below it.
- Break above and rebound to mother candle range and close in it. Then we can open short positon with market price and SL above signal candle.
USDCAD
I couldn’t open short position here and limit order is still active on 50% retracement. Price can move away soon far enough to delete order.
USDJPY
I still look for long positions here. Trend is bullish and we can assume that last decreases are still a correction. Price reached another support (earlier there was no buy signal) and I will look for opportunities to open long position.
