Today a little shorter article because there is nothing interesting the markets.

EURCAD

It is a long time since I analysed this pair for the last time. It seems like there is a signal to open position. Friday’s candle is a clear pin bar, currently there is a correction which retraced 50% of mentioned patter and opening long position is quite attractive. Sentiment is bullish on this pair, Stop Loss is 50 pips and Take Profit is 300 pips. It’s worth to consider.

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

eurcaddaily-9-21-2016

GBPAUD

Pair broke support and daily candle broke below it. There is an opportunity to join this move if there will be any bullish correction. Then we can look for shorts next to the H4 resistance.

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gbpauddaily-9-21-2016

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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.