AUDJPY

Pair broke resistance on Tuesday. This level should turn into support right now and I wait for bearish correction to open long position consistent with the trend.

AUDJPYDaily-5-12-2015-1024x501

EURCAD

Pair broke on Thursday quite dynamic and on Friday got perfectly next to the support. Now there is bearish correction what is totally normal after such big gains. Similar like on the pair above I will wait for correction and then any Price Action buy signal.

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

EURCADDaily-5-12-2015-1024x501

EURUSD

Eurodollar fell on Friday to earlier resistance area which should now become a support. In the beginning of the week it will be worth to look for opportunity to open long position, even on H4 chart.

YOU CAN START USING PRICE ACTION AND INVEST ON FOREX MARKET USING FREE XM BROKER ACCOUNT.

EURUSDDaily-5-12-2015-1024x501

GBPJPY

On the pair there is still long position active, which now bring more than 170 pips of profit (SL was just about 40 pips). TP is set on 300 pips, so there is still some place to reach it.

GBPJPYH4-5-12-2015-1024x501

NZDJPY

Pair is perfectly next to strong resistance. Now we should watch it to understand trend. If the resistance will be broken there are possibilities of as much as 450 pips gains. Then I will look for bearish correction to open long position consistent with the trend. Similarly if price will not break it and will reach support.

NZDJPYDaily-5-12-2015-1024x501

Error, group does not exist! Check your syntax! (ID: 3)
SHARE
Previous articleNZD/USD (H1): Near correction end?
Next articleIchimoku Kinko Hyo – EURUSD, EURGBP, EURJPY, EURAUD – December 7th
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.