EURAUD

I expected further decreases after breaking support. However first session brought huge gain and my last scenario is no longer current. We just have to wait and watch the situation.

EURAUDDaily-1-5-2015-1024x500

EURJPY

Strengthening of Japanese yen brought quite interesting situation on this pair. The support was broken and the price closed below it. We just have to wait for bullish correction and then open short position consistent with the trend and momentum.

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EURJPYDaily-1-5-2015-1024x500

EURUSD

This pair is testing support right now. Unless it is not broken we should look for longs. If there will be some buy signal on D1 chart today, we can open position. Breaking the support and close of the day below it will change sentiment to bearish and I will look only for shorts.

EURUSDDaily-1-5-2016-1024x500

USDJPY

This pair reached important support. Yesterday it was clearly defended, but it is not enough to open long position. It is worth to watch this pair and open positon after any Price Action signal on the support.

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

USDJPYDaily-1-5-2016-1024x500

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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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