AUDNZD
The pair gave the long-awaited buy signal. There showed Pin Bar, which is now in more than 50%, so if someone didn’t opened position yesterday, he can do it now in better price.
EURAUD
Another buy signal. There is Pin Bar, which maybe isn’t perfect, but it let open position yesterday which now has 100 pips profit with 70 pips SL. You can still open this position on 50% retracement.
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EURCAD
There is also buy signal on EURCAD on daily chart. You can set buy limit order on 50% retracement of signal candle. You have to remember that you shouldn’t have opened to many positions connected with one currency. So you shouldn’t open long positions on this pair if you also have opened positions on EURCAD and EURAUD. Unless you have secured the other ones.
GBPAUD
After decrease below support, pair is going up to level interesting for me. Now I change to H4 chart and I will look for sell signal today.
GBPCAD
Identical situation on this pair. The difference is this pair has much stronger loss potential. Here also I will look for short positions.
GBPCHF
On this pair we can notice Inside Bar setup. We can play it 3 ways:
- Break above, close of H4 candle above Inside Bar. Then you can play long position on 50% retracement of signal candle with SL below candle.
- Break down and similar situation, just opposite.
- False break down. Price will go above Inside Bar but it will close in its range. Then you should open short position with market price with SL above Inside Bar. You should not play long positions because signal will be next to resistance soon.
GBPJPY
Pair is getting close to resistance, where there is 21-period EMA (blue one). If there will be sell signal you should consider opening short positions from H4 or D1 chart.
GBPUSD
Another pair with pound where Inside Bar showed up. You can play it similar like GBPCHF:
- Break above, close of H4 candle above Inside Bar. Then you can play long position on 50% retracement of signal candle with SL below candle.
- Break down and similar situation, just opposite.
- False break down. Price will go above Inside Bar but it will close in its range. Then you should open short position with market price with SL above Inside Bar. You should not play long positions because signal will be next to resistance soon.
Remember not to open more than 2 positions on one pair!
NZDJPY
After break above resistance, pair dropped to this area, what should now be band for price. If there will be buy signal on H4 chart we should consider opening long positions consistent with trend.
