AUD/USD

AUDUSDDaily-19-wrzesnia-2015-1024x516

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.

EUR/USD

EURUSDDaily-19-wrzesnia-2015-1024x516

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.

GBP/AUD

GBPAUDH4-19-wrzesnia-2015-1024x516

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.