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.
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).
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.
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.