AUDNZD

On the pair appeared Inside Bar setup. However there was only a false breakdown which is a signal to open longs. Of course we can’t enter into a long position because the price is just under resistance and in this situation we should be looking only for short positions.

If you are interested in Price Action Strategy description, you can read it here.

audnzddaily-10-21-2016

EURAUD

Very nice sell signal on the Euro to Australian Dollar. Price dropped below resistance and yesterday has tested it from the bottom to form a pin bar candle, which allowed for opening short position. You can set a sell limit order at 50% to reduce the potential STOP LOSS.

euraudh4-10-21-2016

EURJPY

A sell signal on the Euro/Yen. Very nice pin bar candle on the daily chart. But I will not trade such setup. Support is very close and even opening order at 50% of the abolition of that candle, potential risk ratio will be only 2:1.

eurjpydaily-10-21-2016

USDCHF

This pair tests resistance and depending on the behaviour of prices you can search shorts (if you get a sell signal from a daily chart) or longs if market manages to break resistance and the daily candle closes above resistance.

usdchfdaily-10-21-2016

USDJPY

Just like on the AUDNZD also on the USDJPY Inside Bar setup not allowed to enter the position. We should wait for further developments of price.

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usdjpydaily-10-21-2016

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