After travelling to warmer parts of the world I am full of energy to return to trading ? Probably in addition to Price Action until the end of the year I will also show some trades on cryptocurrencies, but there without leverage because the variability there is sufficient. As far as concerning PA trading unfortunately, several Stop Losses have been caught, but since the system has a high risk/reward ratio, one successful transaction can make up for it. Here we go:
EUR/AUD:
To an interesting place arrived this pair. Strong resistance was tested and the Inside Bar (Price Action, Fakey, Inside Bar) was formed. Yesterday the candle broke out of it and closed below the lower limit of the mother candle. Therefore, you can open short on 50% of the signal candle. It gives you a Stop Loss of 80 pips with a target of 270 pips.
GBP/USD:
The cable is closed in a sideway trend between 1.33 and 1.30. Now the price is approaching the upper limit of consolidation and if you get a sell signal, I will consider playing short.
Price Action I recommend to try the XM broker, which has 5 candles per day and it offers 30USD to the account without a deposit and you can test it: LINK
USD/JPY:
Yen to USD is aproaching to support. If a buy signal appears on it, we can consider opening long. However, it is worthwhile to take a closer look at the graph and see that if the price rebounds from support, and then from the nearest resistance it can draw a H&S formation. This bearish formation can herald deeper declines, so if the scenario with reflection from support and then reaching resistance will be met, I will look for shorts on resistance with the goal for the next support.
