The account grew again and the score for January is +20.5%, because the short on AUDJPY was closed (it should be closed earlier but I set TP wrong). Currently there are no more opened position and we just have to wait for another opportunities:

AUDNZD

Pair tested important resistance at night and now is clearly rebounding. If there will be any Price Action sell signal on D1 chart we can open short position.

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

AUDNZDDaily-1-20-1016-1024x500 (1)

EURAUD

Yesterday there was good buy signal on this pair, but unfortunately 50% of Pin Bar wasn’t tested and position wasn’t opened. Shame, because it would be already secured on zero and half of it would be closed.

EURAUDH4-1-20-2016-1024x500

EURUSD

Eurodollar is getting closer to the resistance. It is worth to watch price behaviour on H4 chart and if there will be any sell signal enter shorts, because pair is clearly closed between resistance and support and the most probable now is decrease to lower band of this area.

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

EURUSDDaily-1-20-2016-1024x500

GBPJPY

There was also sell signal on this pair yesterday, noticed by one of our readers. Unfortunately there was the same situation like on EURAUD, correction wasn’t deep enough and 50% retracement wasn’t tested, in this case of Outside Bar pattern.

GBPJPYH4-1-20-2016-1024x500

GBPUSD

Cable broke key support and if it wasn’t a false break we should see decrease of about 500 pips. Daily candle closed below mentioned level so we can look for sell signals in case of bullish correction and re-test of earlier support which should now become a resistance.

GBPUSDDaily-1-20-2016-1024x500

NZDJPY

Pair is testing important support. Trend is clearly bearish but if there will be any buy signal on D1 chart and it would have good RR, we can consider opening longs.

Better scenario would be breaking of this level and then looking for sell signal during re-test of resistance (earlier support).

NZDJPYDaily-1-20-2016-1024x500

Error, group does not exist! Check your syntax! (ID: 3)