It’s really good time for Price Action. Yesterday I have reached Take Profit, more about it below.

AUDUSD

Bullish correction on Aussie. Just to remind, I have short position over here and price is getting close to opening price. If someone didn’t open shorts, it is worth to consider.

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

AUDUSDDaily-8-16-2016

GBPCHF

This pair is in strong bearish trend and now reached support. If there would be any clear buy signal we can open long position. Better scenario would be break of the support and then looking for shorts.

GBPCHFDaily-8-16-2016

GBPJPY

Really nice long position on this pair. It was opened after signal set on green after small correction. It was opened for 75 (!) H4 candles and it was worth to wait.

GBPJPYH4-8-16-2016

USDJPY

This pair is right now below last low. We can watch it and open longs after some buy signal. Of course it must be on daily chart because trend is bearish.

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

USDJPYDaily-8-16-2016

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Marcin Wenus
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.

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