AUDNZD

Pair consolidates in support area. I waited for breaking out of Inside Bar but candle which managed to do that was just a false break. This was the only scenario which I didn’t wanted to play because just above support there is no way to open shorts. Now we have to wait for another signals.

AUDNZDDaily-4-11-2016-696x304

EURJPY

Strong decrease on this pair brought it to support area. If there will be any clear buy signal on D1 chart I will consider opening longs. Much better scenario would be breaking mentioned level and then looking for shorts consistent with the trend, after bullish correction.

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EURJPYDaily-4-11-2016-696x304

GBPJPY

Pair deepened decreases, there is about 400 pips to another strong support and it can be interesting. We just need bullish correction which will test earlier support from below and then some Price Action sell signal on H4 or D1 chart.

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GBPJPYDaily-4-11-2016-696x304

GBPUSD

Quite interesting buy signal on Cable. Very clear Pin Bar should end with long position. SL is about 100 pips and TP is over 300 pips, so it seems quite good. Now we have to wait for further enhancement of these longs.

GBPUSDDaily-4-11-2016-696x304

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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.