This pair showed sell signal on Thursday, and on Friday we could open shorts consistent with trend. I already opened position on AUDJPY two weeks earlier.



Pair is getting close to key support, which stopped decreases for 3 times. If there will be buy signal from Price Action, it will be worth to open long positions. You can start using Price Action and invest on Forex market using XM broker.



On Friday I set buy limit order on 50% retracement of Pin Bar candle on H4 chart, however price moved more than 2,5x my Stop Loss so I cancelled this order. If someone entered position from daily chart, the order was activated and now it gives small profit.



On Friday there was break of important support and now situation look clear. If there will be bullish correction, it will be worth to look opportunities to open short positions after re-test from below old support (now resistance).



On Friday order on GBPCHF was closed by Target Point. Only if anyone opened this position, because I decided not to. I hope someone could enjoy few percent profit from this order



After Nonfarm Payrolls data pair tested resistance It is worth too watch it today and look for short positions – consistent with trend.



Loonie after false break of resistance is still decreasing. If there will be buy signal in the support area we can consider long positions.



This pair is still closed in triangle pattern. It was almost sure that it will break after Friday’s data, but it came back between lines creating this pattern. We just have to wait for breakout.

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

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Next articleGBP/JPY (H4): Possible increases 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.