AUDJPY

AUDJPYDaily-13-pazdziernika-2015-1024x501 (1)

Pair decreased to earlier strong resistance which should now become support. If there will be buy signal on H4 chart we should consider opening long positions.

EURJPY

EURJPYDaily-13-pazdziernika-2015-1024x501

Different situation on this pair. It rebounded from important resistance and created Pin Bar on D1 chart. We can set sell limit order on 50% retracement. Take Profit will be double bottom 300 pips lower.

GBPJPY

GBPJPYDaily-13-pazdziernika-2015-1024x501

I have opened position on this pair. 50% of Pin Bar was tested and triggered opening of short position.

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GBPUSD

GBPUSDDaily-13-pazdziernika-2015-1024x501

 

I wasn’t thinking about this pair. But there is also correct signal here. Few times I gave up some positions instead to play with system rules, so I opened short position yesterday.

NZDJPY

NZDJPYDaily-13-pazdziernika-2015-1024x501

Pair is reacting on resistance and few hours earlier it rebounded from it. Although we need strong sell signal on D1 chart to think about short positions. For now momentum is bullish and we should use bearish corrections to open long orders.

NZDUSD

NZDUSDDaily-13-pazdziernika-2015-1024x501

Identical situation like on NZDUSD. Perfect scenario would be break above resistance, re-test of earlier resistance from above and opening long positions after signal on H4 chart.

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

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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.