Good run of Price Action system is still on! At night GBPCAD order closed on TP what brought 300 pips of profit and 5% account gain. In summary in January we earned 18%. Hold your horses – the fact of this big gain doesn’t mean it will be like this all the time, there were be some losses eventually. As long as market is working technically we can bring profit. Today I found another position, I will also write about those which are still open:

AUDJPY

About this pair I wrote yesterday. In the evening one short opened and today’s candle is clearly bearish what causes 80 pips of profit already. I will secure it after reaching local support on H4. Next target is around 79.50 what gives 300 pips of profit.

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

EURCAD

This pair tested earlier resistance which turned into support and currently it is growing. Unfortunately great Price Action signal showed up at night and we couldn’t use it. Currently price is breaking out of Inside Bar pattern and if H4 candle will close above mother candle range we can consider opening long position, of course if there will be good RR.

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EURUSD

Short position was opened on this pair yesterday thanks to false break out of Inside Bar. It is not a positon I am convinced will bring profit but I use all proper signals. I hope there will be test of the support and I set TP over there.

GBPCHF

Short is still opened here too. I opened it from big Pin Bar from last Friday but yesterday we could also open it on 50% retracement of Wednesday’s candle.

GBPJPY

Buy signal on this pair. Strong bearish trend and signal against it but it is a Pin Bar on D1 chart but RR is more than 6 to 1 and I will risk long position. I am fully aware this position has smaller chance of success than playing with trend.