On Monday USA has work-free day and I expect continuation of rebounds in Europe and yen weakening, maybe also strengthening of commodity currencies.

On Friday I wrote about sell signal on AUDJPY, but I didn’t wanted to play against AUD and that saved me from Stop Loss. We just have to look for another opportunities:


Buy signal on this pair in shape of Outside Bar. Friday’s candle engulfed Thursday’s one and we have to set buy limit order on 50% retracement. It won’t be really good RR position (a little more than 3:1) but it is really enough, especially because signal is really clear.



On this pair I still look for some Price Action sell signals after strong break of support. One position ended with SL but on H4 chart we can see another sell signal in form of Pin Bar. The question is what will be the opening and if price will not rise above mentioned candle.



Here I also look sell signals. Important resistance is tested and if there will be any shorts signals, it will be consistent with long term trend and probably will end bullish correction.



On Friday pending order opened. Friday’s candle is a clear Pin Bar rejecting support and what’s more there was a false break in last lows area. It all caused that I assumed signal as strong and I have opened long position.



Finally short opened on this pair. Price tested 50% retracement of bearish Pin Bar from Wednesday and also resistance for another time and sell limit order has been activated.


Leave us a comment!

Error, group does not exist! Check your syntax! (ID: 3)
Previous articleEURUSD – movement towards 1.1160 support
Next articleAl Brooks Price Action – weekly S&P500 Emini update.
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.