EURAUD
I noticed that on this pair there was Inside Bar setup in the progress. It finally showed up in form of fake breakout. This signal was particularly interesting because it was Pin Bar at the same time. Unfortunately another candle broke its low, then rebounded and gained even more. If someone would open position after the second candle, it would be already closed on 50% of profit.
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GBPCAD
This pair is without doubt in strong bullish trend. On Wednesday there was a rebound above resistance and then re-test of this level from above. Pin Bar showed up, on 50% retracement we can set buy limit order. Stop Loss is 80 pips, Take Profit is about 350 pips.
Earlier there was Pin Bar on this pair, which also was buy signal but yesterday’s emotions connected with BoE conference caused a loss.
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GBPJPY
Buy signal looked quite good here, but emotions mentioned yesterday caused break of low and another loss.
USDCHF
Inside Bar on the support. It is last “safety zone” for bullish trend on his pair. I can see 3 possible scenarios:
- Break below and close of mother candle (I marked green its range). Then we can set sell limit order on 50% retracement of signal candle with SL above.
- Break below, then retrace to mother candle and close in its range. Then we can open longs with market price with SL below signal candle.
- Break above and close above mother candle. It will be long signal and I will set buy limit order on 50% retracement with SL below.
