Firstly on this pair there was an Inside Bar setup, position was opened, but unfortunately breaching few pips closed it. Candle which was a fatal one, was a pin bar and started upward move. Unfortunately there was no correction and price went 150 pips up. Order is cancelled because profit is more than 2,5x bigger than SL.



After clear drop pair is testing resistance. Trend is downward without any doubt and it is worth to watch H4 and D1 charts in looking signals to open short position. However if he price will breach resistance and daily candle will close clearly above it, I will start looking for longs.



Very good position, opening after Outside Bar, SL was about 100 pips, TP almost 600. Now I wait for breaching resistance and later re-test from above. If this scenario will be realized I will be looking for another long positions.



On this pair there is breaching out of Inside Bar setup. We can set buy limit on 50% retracement of breaching candle, SL lower and TP is last clear resistance from daily chart. It will give 60 pips of SL and 650 pips of TP, so profit/loss ratio will be more than 10:1.



Lately pound is really the best opportunity to open positions. It is behaving best according to technical analysis and this is why there is so many potential signals and possible trades. I have short on pair with Swiss franc already which is now really close to Stop Loss, but resistance looks strong and we can look on H4 chart to look for selling signals. Trend is downward, this is why only this direction is right. There is Inside Bar setup and maybe it can be good to open short position.

If the resistance will be breached and daily candle will close above we can start looking for some long positions.



Cable is also at resistance. Situation is analogical to other pairs. For now I look for short signals, but if the resistance will be breached, I start look for longs.

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

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