Quiet time on the markets – everything goes according to plan. We have opened few positions – shorts on EURJPY and GBPJPY and long on USDCHF. There is also new position, more details below. Last two weeks were really great for the system. Maybe I will manage to realize plan of achieving 100% profit this year.

EURAUD

Pair reached the support and so far it doesn’t react to it. If there will be any clear buy signal we can consider opening long position. If this level will be broken and daily candle will close below it, decreases will be more probable and I will look for shorts after bullish correction.

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

EURAUDDaily-8-9-2016

GBPAUD

Pair broke support and if today’s session will end below it we can look for short positions. I have to remind that short position was opened for 7 sessions and did brought profit. Today’s  session can end both with buy and sell signal so we have to wait.

GBPAUDDaily-8-9-2016

NZDJPY

I waited for possible buy signals after breaking out of Inside Bar setup. Something different happened – price broke and came back to mother candle range so my scenario didn’t realized. However yesterday’s candle is clearly a bullish Pin Bar so I opened long position with market price. SL is 75 pips and TP is 350 pips.

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

NZDJPYDaily-8-9-2016

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