Yesterday situation on the markets was very nervous. Everyone was expecting FOMC statement and conference. I admit that I also decided to close all my positions without risk of hitting Stop Losses. Now I just have to look for another opportunities but it was really good period for the system, it made up for last losses. In this moment the score since beginning of the year is +25%.

AUDUSD

Aussie is breaking resistance and now is above last highs and at highest level since mid-2015. Is it the end of USD? It’s time for commodities and commodity currencies? Maybe, but we should not take future decisions just according to our guts.

Clearly technically if today pair will close above resistance, I will look for longs during bearish correction.

EURUSD

Huge gains also on Eurodollar, however if price will reach resistance here I will think about opening shorts. In case of bearish correction and another test of support we can also play longs. We just have to wait.

GBPCHF

First of my closed positions yesterday. Pair is still decreasing but it does not influenced my score. I had 270 pips of profit and it is enough score to close this position without risk.

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

GBPJPY

I had some doubts about this position but I decided that Stop Loss is too close and I closed this position close to zero. As we can see it was good decision, although if there will be any Price Action buy signals I will go long.

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

GBPUSD

But signal on this pair in form of very large Pin Bar. Of course we cannot use it because resistance is to close. Even opening on 50% retracement gives too small RR so we just have to wait aside.

USDCAD

In this case closing transaction left me without huge profit, because it would close on Take Profit. I don’t blame myself because I often say that before really important data we should step back.