AUDNZD

I wrote about this signal already last week and the position was opened after break out of Inside Bar. However it is close to Stop Loss because on Friday there was a test of the resistance. We just have to wait for further development of situation.

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

audnzdh4-9-18-2016

EURAUD

This pair decreased last two sessions and got close to important support (earlier a resistance). It will be an opportunity to open long position if there will be any Price Action buy signals on H4 or D1 chart. Then we can open long position consistent with bullish momentum.

eurauddaily-9-18-2016

GBPAUD

On Thursday there was sell signal on this pair. I set the sell limit order on 50% retracement level of signal candle. Unfortunately correction was not deep enough and price went away about 350 pips from entrance level. It is more than 2x planned Stop Loss (140 pips), so I delete this order.

gbpauddaily-9-18-2016

USDCAD

Situation on Loonie is still not clear. Pair is testing the resistance without any sell signals. It also doesn’t have enough power to break the resistance what would change the sentiment to bullish. We just have to wait.

YOU CAN START USING PRICE ACTION AND INVEST ON FOREX MARKET USING FREE XM BROKER ACCOUNT.

usdcaddaily-9-18-2016

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.