AUDUSD

Outside Bar showed up yesterday but it was not clear. If we open position with market price we could witness quick gains, however few hours later decreases started and the last till now. If there will be another test of support we should look for Price Action buy signals.

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

AUDUSDH4-3-8-2016-1024x500

EURAUD

Bullish correction on this pair. Price is testing earlier support (now a resistance) and it can be great opportunity to open shorts. If there will be any sell signals on H4 or D1 charts I will open short position.

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

EURAUDDaily-3-8-2016-1024x500

EURCAD

I missed a setup over here. There was an Inside Bar, price broke quickly and came back creating false break signal and a Pin Bar on daily chart. There are doubts about it because this signal is above support.

EURCADDaily-3-8-2016-1024x500

GBPCHF

Pair is testing resistance. Trend is without doubt bearish, so it is worth to watch price behaviour on D1 chart and if there will be any sell signal, we can open shorts.

GBPCHFDaily-3-8-2016-1024x500

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Marcin Wenus
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.

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