After few days of break we present new Price Action analysis. A week ago I wrote about potential short on GBPAUD. I opened position and yesterday it hit Take Profit. More details below:

AUDNZD

Pair decreased below support which now should turn into resistance. Closing the gap will be even better signal. If there will be any sell signal over here we can open shorts.

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

AUDNZDDaily-6-14-2016

EURAUD

Interesting situation over here. There is consolidation in support area and yesterday candle is a Pin Bar what is correct buy signal. Currently there is bearish correction letting enter long position with smaller SL. The target of transaction is local resistance. SL is 65 pips, TP is 300 pips.

EURAUDDaily-6-14-2016

GBPAUD

Here is mentioned short at the pair. After long bearish candle there was short consolidation and we could enter short on H4 chart. TP was more than 5 times higher than SL so the profit is more than 10% of account.

GBPAUDDaily-6-14-2016

GBPCAD

Buy signal over here. It looks pretty nice, but it is getting close to Brexit vote so I will not open any more positions with GBP. The risk is too high and in the next week we should be careful also about pairs with EUR, PLN or other European currencies.

GBPCADDaily-6-14-2016

USDJPY

Pair is getting close to key support level. Wider trend will depend on price behaviour in this area. If there will be any D1 buy signal we can consider longs. However if support will be broken we can look only for shorts.

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USDJPYDaily-6-14-2016

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Comparic.com Editor-in-Chief. Trading since 2004, professionally connected with Forex market since 2006. Fan of technical approach to the markets – currently focuses on Ichimoku Kinko Hyo and Price Action strategies. He focuses on favorable risk-reward ratio in his own transactions. Speaker at many conferences on investment in capital markets, as a lecturer he cooperates with the largest brokerages in Poland and in the world. Vice President of the FxCuffs Foundation – Education and Development of Financial Markets.