After short break welcome in our Price Action Daily Setups. We just lost some profit because of one position but I hope I will change that sentiment soon:

AUDJPY

 

Buy signal on this pair. It is in strong bullish sentiment and maybe even during change of trend and it is worth to play longs. After two days of decreases we saw test of the support and yesterday’s candle is a clear Pin Bar and I would open positon on 50% retracement.

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

AUDJPYDaily-2-5-2016-1024x500

EURUSD

This pair broke strongly through resistances and now it is worth only to play longs. The opportunity can happen after bearish correction, which should test earlier resistance area (now a support).

EURUSDDaily-2-5-2016-1024x500

GBPCHF

There was mentioned Stop Loss. Monday’s candle broke from Inside Bar pattern and this is why I opened long position. Unfortunately yesterday’s moves on Pound caused break of signal’s candle low and SL.

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

GBPCHFDaily-2-5-2016-1024x500

GBPJPY

 This pair is falling to important support and if there will be any buy signal we can consider opening longs. It can be ABC correction of earlier decreases, what can give about 1000 pips of growth.

GBPJPYDaily-2-5-2016-1024x500

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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.