I’m still in any kind of position after Easter but I can already say that first quarter of 2016 ends with 26 percent gain. There was a turmoil on the market in the first weeks of new year which cause a great volatility in my account. March and tiny modification of my strategy allows me to think that last year’s outcome (plus 100%) is a real option.

Looking at the charts:

AUD/JPY

Tested a great resistance and if Price Action signal occurs, it will be a good idea to play shorts. However sentiment is still bullish, so signal should be really strong to sell the pair.

Another scenario would be a breakout above current resistance. Above last candle close should lead us to open longs.

AUDJPYDaily-31-marca-2016

EUR/USD

Euro bulls have attacked resistance, and in a short period of time should be clear if the pair will continue its move or it’s going to correct. If signal occur, I’ll open a short position. Scenario analogous like on AUD/JPY.

EURUSDDaily-3-31-2016

GBP/USD

First clear sell signal in this article. Cable created a clear pinbar, right after an attack on resistance. Looking closer we might recognise a head and shoulders pattern. If it really is H&S? I can’t really tell, but I’m staying flexible. At this moment price is a little bit to far and I’ll wait with my short for a corrective move.

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GBPUSDDaily-3-31-2016

NZD/USD

After a really nice breakout above resistance, we finally get a correction on H4 interval. This interval is necessary to find a better place to buy. Waiting for a clear signal.

NZDUSDH4-3-31-2016

USD/CHF

Last but not least USD/CHF allows us to think about fresh shorts. Some time ago pair got through support, and that breakout is now being corrected. There is no clear sell signal, but you really should looking for one while trend is obviously bearish.

USDCHFH4-3-31-2016

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

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