Aussie brought selling opportunity but I was not playing this very signal. As it may be seen – position here may end with stop loss. However, the Friday’s candle is also a short signal. Personally I would not trade it (to low RR ratio). We have just to wait for better opportunity or use smaller TF – e.g. H4. There it looks much better and it is easier to find safer signals.



Almost ideal trading pattern (huge outside bar). However SL in this transaction would be really broad (around 100 pips) and a potential profit is not too huge. Therefore I would recommend to look for something at lower TFs. You can start using Price Action and invest on Forex market using XM broker.



Before the weekend I have opened long position. Price fall below 50% retracement of very long pin bar candle. SL around 85 pips, potential TP around 500 pips (RR 4,5:1) – for now I am around 60 pips in the green.

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

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Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.