AUDNZD

I still wait for signal here. Price decreased to earlier resistance (now support) and if there will be any Price Action signal on D1 or H4 chart, I will open long position.

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

AUDNZDDaily-20-11-2015-1024x501

GBPCHF

This pair couldn’t break the resistance. Now we have to wait for further bearish correction and after showing up open long position which will be consistent with strong bullish trend.

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

GBPCHFDaily-20-11-2015-1024x501

GBPJPY

This pair also is in bearish correction after dynamic break of resistance. Here I watch H4 chart and if there will be sell signal, I will open long position.

GBPJPYH4-20-11-2015-1024x501

NZDUSD

Unfortunately yesterday I had to delete buy limit order. Price moved away for more than 2.5x SL. Signal was impossible to play because 50% retracement was tested not a single time.

NZDUSDDaily-20-11-2015-1024x501

USDCHF

Here I also wait for buy signal. On H4 chart we can see Inside Bar. To open long position there are two possible scenarios:

  • Break below, going back to mother’s candle range. Then we can open long position just after close of fakey, securing position with Stop Loss below its minimum.
  • Break above and close of candle above mother’s one. Then I will set buy limit order on 50% retracement and SL below it.

USDCHFH4-20-11-2015-1024x501

Leave us a comment!

Error, group does not exist! Check your syntax! (ID: 3)
SHARE
Previous articleNZD/USD (H4): Downward channel
Next articleIchimoku Kinko Hyo – GBPUSD, AUDUSD, NZDUSD – November 20th
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.