EURAUD
Intriguing daily candle. Clear bearish pin bar, which may start a deeper correction. Currently price declined slightly and it is not profitable to open a position. If any upward movement correction occurs and SL level could be 2 times lower then now, I will go short.
EURUSD
Eurodollar seemed to give long play opportunity. However, the support was broken and price reached another level, which will be stronger barrier for further selloff. Still I am not a fan of shorting the EURUSD – for me this pair is currently not the best one for Price Action trading.
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GBPCAD
Interesting situation on this currency pair. GBPCAD moved above the resistance, daily candle closed higher and we may look for purchase signals. That is why I will observe the H4 and if buy opportunity shows I will open longs. By no means cross currency pair is moving inside the upward trend and it will be a position that sticks to the current sentiment.
GBPCHF
Missed opportunity, but without proper signal. Since few last market reviews I wrote about this pair, firstly describing short opportunities and then the long ones. Unfortunately, the correction was too shallow and did not reach the support zone.
If you are interested in Price Action Strategy description, you can read it here.
USDJPY
I had active position here in the last 2 weeks. The session when I closed it may be treated as the sell signal. We see a small pin bar candle, and its upward body should not interrupt opening shorts. I will closely look the price behavior and maybe after another signal sell the asset – according to the long-term trend.
