Friday’s session may be quite volatile, due to the US jobs report publication at 14:30 (CET). We should be careful, but still there are few interesting trading opportunities. Let’s start:

AUD/NZD

AUDNZDDaily-1-kwietnia-2016

Inside Bar setup occurred at AUD/NZD cross. Here we can see three possible scenarios:

  1. Breaking below and closing under the mother candle (its range was marked in green). Then we will be able to put sell limit order at 50% retracement.
  2. Breaking below and retracement to previous range of mother candle and closing inside its length. Then we will be able to open long positions
  3. Breaking above and closing higher then mother candle. It will be a buy signal (buy limit order at 50% retracement).

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

EUR/USD

EURUSDDaily-4-1-2016

Euro to USD dollar fights with the resistance and we still do not know how price will behave. After NFP readings the situation should be more transparent.

GBP/USD

GBPUSDDaily-4-1-2016

Short position on Cable. Yesterday we saw an upward correction and I was able to sell with 80 pips SL. Take Profit level is 300 pips higher, so the risk-reward ratio is correct.

NZD/USD

NZDUSDH4-4-1-2016

Another open position at Kiwi – a long one. The signal candle take a shape of pin bar (H4 chart). I put my SL 40 pips lower, and take profit 280 pips higher.

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

Error, group does not exist! Check your syntax! (ID: 3)
SHARE
Previous articleCADJPY – highest since December 2015
Next articleGOLD (H4): Near upper band of downtrend channel
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.