I invite you to review potential Price Action setups. There are further signals and the next time can be quite interesting for  trading. I remind you that I make my analysis on XM account and if you want to have the same look and the 5 candles week I encourage you to open XM demo account at least. Let’s start:

AUDUSD

There is possible sell signal on the Aussie. The strong resistance has stoped increases 3 times and each time it was a cause of big drops. It is worth to observe the daily chart and open shorts if there was any sell signal (Price Action: Pin Bar, Fakey, Inside Bar).

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

GBPCAD

We’ve got quite interesting situation on the GBPCAD. There is kind of movement on the GBP and I think the buy signal from Friday might be a good opportunity to enter long transactions. The correction brought prices to the area of 50% abolition of the signal-candle. It is true that Stop Loss is large (110 pips) but the Take Profit is 500 pips.

GBPJPY

I wrote about the signal at GBPJPY yesterday, which was created as the result of submission of two daily candles (Price Action Daily Setups GBPCHF, GBPJPY, USDCHF, USDJPY). I wanted to wait for any correction, which will open my position with more favorable profit to potential risk. However the price has escaped and I don’t know if I will be able to get in.

USDJPY

The USDJPY has striked off but I can’t see any buy signal near to the support area. The only thing we can do now is waiting.

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