There is still interesting situation on the markets. New signals are showing up and I hope this will be good time for Price Action strategy.
AUDNZD
Bearish scenario was realized, yesterday’s candle is really nice bearish Pin Bar which firstly tested resistance from below (earlier a support) and then closed in the minimum area. Unfortunately price went away at night and now we have to wait for some bullish correction which will reach yesterday’s low.
EURJPY
Interesting sell signal over here. Pair decreased below support, tested it from below and gave PA sell signal on the H4 chart. I will open short position with 50 pips of Stop Loss and TP of 300 pips (above the closest D1 support).
EURUSD
This pair is close to the resistance and some sell signal might show up. I will watch price behaviour, there are two possible scenarios:
- Sell signal from D1 chart – opening shorts with target at closest support
- Break above resistance, close of the daily candle above it and then I will wait for bearish correction and some H4/D1 buy signal.
USDCHF
On the H4 chart we can see that huge Inside Bar was created. I will look for buy signals and opportunity to open long position. Really big Pin Bar is already a signal worth considering and probably more aggressive traders already have longs.
