After longer break we are back with Price Action setups. Unfortunately after Brexit referendum the market is too difficult to invest so I decided to step aside for some time. You need to remember that I invest using real capital so I prefer to not invest rather than lose money. Very often decision about not opening a position or even giving up for some time is a decision that let you save a lot of money. Of course I watch charts all the time and if there will be any good opportunity I will open the position.

EURAUD

There was really huge Pin Bar over there which was perfect signal to open position. After strong correction we could open position with 100 pips of Stop Loss and 500 pips of Take Profit. Price is getting close to Take Profit.

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

EURAUDDaily-7-10-2016

NZDUSD

Price is reaching last high from two weeks before. It breached resistance a little but it is too soon to speak about confirmation of gains, it can still be a fakey. If there will be further appreciation and price will close above resistance, I will look for long position in case of bearish correction. If the price will rush south I will look for sell signal on the daily chart.

NZDUSDDaily-7-10-2016

USDCHF

Quite interesting buy signal on this pair showed up on Tuesday. After break above resistance price decrease, tested new support (earlier a resistance) and gave buy signal in shape of H4 Pin Bar. Position was consistent with the trend so we could enter position from this Time Frame.

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

USDCHFH4-7-10-2016

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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.