The markets are back to normal and we can start to opening profitable positions. Yesterday another position was opened. I hope there won’t be a new highlights on the market that disturb technical analysis. Let’s start:
AUD/JPY:
AUDJPY is already testing the key resistance and Price Action signals may occurs In the near future. We can open short position after clear sell signal. However, if mentioned level is broken and daily candle closes above, it will change sentiment. Then I will be looking for a long position on the time-frame H4 and D1.
AUD/NZD:
At AUDNZD there is a similar situation and we can trade it identically like AUDJPY.
EUR/JPY:
Yesterday I opened long position at EURJPY. I wrote about this setup yesterday (Price Action Daily Setups). The Inside Bar pattern occurred at time-frame H4 (on the chart marked by green) and another candle it was a breakout from this pattern. Due to this I opened long position with stop loss order equal 100 pips and take profit order 500 pips (below the nearest resistance).
GBP/JPY:
Situation looks more complicated on GBPJPY. Yesterday I wrote about Inside Bar pattern but this currency pair made a movement during the night and I wasn’t able to open this position. Lucky me because the price hit Stop Loss level. Right now it isn’t clear situation so I will be standing still and look at GBPJPY.
