AUDUSDDaily-25-wrzesnia-2015-1024x501 (1)

Aussie is in strong bearish trend and it is just below the resistance. If there will be bullish correction you should look for sell signals with Price Action patterns in the case of re-test from bottom on H4 chart.



Here we met stop loss. Price dropped drastically below the support which now should be a resistance. In the near time there should be sell signal because price is now re-testing this level from below.



Here I also wait for bullish correction to open short positions. You can start using Price Action and invest on Forex market using XM broker.



Sell signal on Loonie. There is clear bearish Pin Bar on daily chart. However I have some doubts about this position. Trend is bullish on daily and weekly chart. Profit to risk ratio is not so big, just 3:1, This is why I won’t open short position.



On this pair there is no Price Action pattern, but we can spot triangle formation. Rebound should cause another moves and then I will look for some signals.

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

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