So far I stepped aside and didn’t enter the position. Maybe it will change soon if there will be any interesting signal. I also wanted to inform that another PA setup will show up on Monday’s morning.

AUDNZD

Break out of Inside Bar on this pair. If daily setup will close above it we will open longs. Stop Loss must be at least 2 times bigger than Take Profit.

AUDNZDDaily-4-5-2016-1024x446

EURJPY

It seemed like after breaking the resistance there will be further gains, but this pair decreased yesterday and bearish impulse is continued. Now we have to wait for the test of the support and maybe we will find some buy signal over here.

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EURJPYDaily-4-5-2016-1024x446

EURUSD

There was buy signal yesterday on Eurodollar. However I have doubts about parameters of this transaction. Another resistance is just 100 pips away and the Stop Loss would be 40 pips.

EURUSDDaily-4-5-2016-1024x446

GBPCHF

I still wait for sell signal on this pair. After breaking support there was correction testing it from below, however there is still no pattern which would let us open shorts.

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GBPCHFH4-4-5-2016-1024x446

USDJPY

This pair is testing key support for the fourth time. If there will be any clear buy signal I will consider opening long position. Much better scenario will be breaking of support and further decrease. Then I will look for shorts signals.

USDJPYDaily-4-5-2016-1024x446

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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.