AUDJPY

Sell signal on this pair. Yesterday bullish correction showed up, it tested important resistance, but session ended with clear decrease and we could see nice Pin Bar. I set sell limit order on 50% retracement of it. Stop Loss is about 100 above yesterday’s high, Take Profit is 300 pips, right above closest support (79.50 area).

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

AUDJPYDaily-1-14-2016-1024x500

AUDUSD

Quick position from yesterday. I wrote about bearish Pin Bar on H4 chart and decided to use it. In the beginning price almost reached Stop Loss but then it decreased and realized Take Profit on support. Parameters of transaction – SL 25 and TP 90 pips.

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AUDUSDH4-1-14-2016-1024x500

EURAUD

Another interesting transaction which also almost hit Stop Loss in the beginning. I opened long order after Pin Bar on H4 chart, a little lower than 50% retracement, I noticed it a little too late. SL was just 40 pips and TP was huge – 320 pips. It gives RR 8:1. This is how my account gained 15%!

EURAUDH4-1-14-2016-1024x500

EURCAD

This pair broke above resistance and daily candle closed above it. Now it is worth to watch H4 chart and look for opportunity to open long positon during re-test of it.

EURCADDaily-1-14-2016-1024x500

GBPCHF

Another sell signal on this pair. I already have short opened after big Pin Bar last Friday but you can enter position again, with smaller SL.

GBPCHFDaily-1-14-2016-1024x500

NZDUSD

Pair is moving in direction of support and if there will be any clear buy signal on daily chart I will consider opening long position.

NZDUSDDaily-1-14-2016-1024x500

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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.