AUDJPY

Pair broke above resistance and despite the fact it is not confirmed breakout we should watch H4 chart. If there will be any Price Action buy signal during re-test of mentioned level from above, we can consider opening long positions.

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

AUDJPYH4-01-12-2015-1024x501

AUDNZD

Pair is now during bearish correction after dynamic gains. This is why current decrease should be used to open long position consistent with trend. Test of the support should be good opportunity.

AUDNZDDaily-01-12-2015-1024x501

EURCAD

On this pair I have short opened. I set sell limit order and since opening short position with Stop Loss of 25 pips it gives already over 100 pips of profit and it is now closed in 50% and rest is secured at BE.

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

EURCADH4-01-12-2015-1024x501

GBPJPY

This pair rebounded strongly from support, on which I was looking for signal to open long position. Unfortunately there was none, of course we could see some candle setup but it was not clear enough to open position. That’s a shame because now they were be already secured and we would have some profit already.

GBPJPYH4-01-12-2015-1024x501

GBPUSD

Buy signal on Cable. It is against trend but we cannot ignore strong Pin Bar on daily chart.

Order parameters: SL 40 pips and TP 300 pips.

GBPUSDDaily-01-12-2015-1024x501

USDCAD

Yesterday I opened short on Loonie. Order set last Tuesday finally was activated, now we just have to wait.

USDCADDaily-01-12-2015-1024x501

USDCHF

Pair broke strong resistance and now is on highest level since 2010 what means negating all move since Black Thursday – January 15th 2015.

Now I will watch H4 chart in looking for buy signal during re-test of earlier resistance (now support) to join strong trend.

USDCHFDaily-01-12-2015-1024x501

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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.