Quite interesting situation on the markets. There is a little pause after commodities appreciation and we can enter positions after corrections. My GBPJPY position hit Stop Loss but it is normal in the system. We just have to look for next opportunities.

EURCAD

This pair reached support. If there will be any clear Price Action buy signal on the daily chart we can think about opening longs, but much better scenario would be breaking this level. Then after the correction we can look for short positions.

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

EURCADDaily-4-14-2016-696x305

GBPAUD

This pair is breaking quite strong support. If daily candle will close below it we can look for opportunities to open short positions.

YOU CAN START USING PRICE ACTION AND INVEST ON FOREX MARKET USING FREE XM BROKER ACCOUNT.

GBPAUDDaily-4-14-2016-696x305

GBPCHF

Pair reached the resistance which was a support earlier and now we have to look for some short positions. We can watch both H4 and D1 chart (position is consistent with the trend) and if there will be any sell signal open position.

GBPCHFDaily-4-14-2016-696x305

GBPJPY

This pair hit SL yesterday. We should move on and watch current situation. In the beginning I looked for shorts because pair was in bearish trend just below resistance. Now resistance was broken, daily  candle closed above so sentiment has changed and we can look for longs. It will be just entering bigger correction but it will have nice RR. We just have to watch H4 chart.

GBPJPYH4-4-14-2016-696x305

USDCAD

I mentioned about this pair during previous articles. There was break of support and now we can see bullish correction. It is worth to watch H4 chart and after clear sell signal enter shorts.

USDCADDaily-4-14-2016-696x305

Error, group does not exist! Check your syntax! (ID: 3)
SHARE
Previous articleDAX Daily Update – April 14th – Optimism Is Back!
Next articleGBPAUD – support at 1.8510 has been broken
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.