We have few currency pairs on a technical levels – finally. We also have 500 pips of profit from EURAUD. Due to this we have to look for another occasions:

AUD/JPY:

AUDJPY is reaching key resistance, which stopped upward movement for times to date. It was a support previously but right now it may be occasion to open position.

AUDJPYDaily-7-13-2016

EUR/AUD:

As I mentioned at the beginning I have Take Profit at EURAUD. If the price falls lower and Price Action signal occurs, then it will be worth to think about long position. If the price breaks support, I will be looking for short position.

EURAUDDaily-7-13-2016

TRY IT NOW

EUR/JPY:

EURJPY has broken resistance and that fact has changed sentiment on uptrend. Currently there is a correction and if buy signal occurs, new long positions shoud be profitable (also at time-frame H4).

EURJPYDaily-7-13-2016

GBP/CAD:

GBPCAD is reaching resistance and if Price Action sell signal occurs, I will be think about short position.

GBPCADDaily-7-13-2016

GBP/JPY:

The price has reached resistance and I will be looking for it at time-frame H4. We can see there Inside Bar pattern and 3 scenarios may be in game:

  1. The price may move down below green rectangle on the chart. Then set sell limit order on 50% of signal candle and stop loss order above the candle.
  2. The price may move up above green rectangle on the chart and the candle will close above. It will be buy signal and I will set buy limit order on 50% of signal candle and stop loss order below the candle.
  3. The price may move up above green rectangle on the chart and the candle will return and close below. It will be sell signal with stop loss order above the candle.

GBPJPYH4-7-13-2016

GBPJPYDaily-7-13-2016

USD/CAD:

USDCAD is testing resistance but there aren’t any sell signals. I think I won’t decide to open position here.

USDCADDaily-7-13-2016

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