EURCAD

Pair broke support and now I will look for opportunity to open short position. Perfect scenario would be test of resistance (earlier support) and Price Action sell signal. This position will be consistent with the trend so we can look for the signal on H4 chart. It is worth to add that CAD is strongly dependent on commodities, especially oil.

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

EURCADDaily-4-21-2016-959x420@2x

GBPJPY

This pair is getting close to the resistance. Trend is bearish so we can look for shorts on D1 chart because rebound is 11 sessions long and we can assume that short term trend is bullish.

GBPJPYDaily-4-21-2016-959x420@2x

NZDUSD

Kiwi dropped to support finally and previous H4 candle is a Pin Bar, we can consider opening position. Currently SL is about 20 pips and resistance is 200 pips higher, so with RR 10:1 it gives really good potential.

NZDUSDH4-4-21-2016-959x420@2x

USDJPY

Pair is without doubt in strong bearish trend, however it is very similar to GBPJPY – last dozen sessions we can see a rebound. We only need 100 pips more to very strong resistance and then we can look for opportunity to open shorts.

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USDJPYDaily-4-21-2016-959x420@2x

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