AUDNZD

This pair yesterday deepened decreases yesterday and tested last lows area. If there will be any Price Action buy signal on the daily chart I will consider longs. Shorts will come into force after daily candle closing below support.

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

AUDNZDDaily-1-8-2016-1024x500

EURAUD

Yesterday there was a breakout above resistance and trend is without doubt bullish. I will observe price behaviour in case of testing mentioned level from above. If there will be any buy signal on H4 I will open longs.

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EURAUDDaily-1-8-2016-1024x500

EURJPY

Yesterday I wrote about buy signal on this pair. Parameters of the positions weren’t good enough and I decided to leave it. That was a good decision because despite gains there was a break of lows and we would catch Stop Loss. This time no position means no loss.

If gains will be continued and resistance will be tested, it will be an opportunity to open shorts.

EURJPYDaily-1-8-2016-1024x500

EURUSD

Yesterday I was convinced to look shorts on EURUSD and on H4 there was Outside Bar in building, but pair shoot later above resistance and this lack of technical decision means that I will not consider any positions right now.

EURUSDDaily-1-8-2016-1024x500

GBPCAD

A little strange buy signal on this pair, but it’s still a signal. Pair broke above local resistance and created a Pin Bar, on 50% retracement of it we can open long position with target on November 12th high.

GBPCADDaily-1-8-2016-1024x500

USDJPY

Similar situation like on EURJPY, there can be sell signal during test of resistance. I will watch both H4 and D1 charts and if there will be any signal, I will open short position.

USDJPYDaily-1-8-2016-1024x500

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