GBPAUD

The first of newly opened positions. I watched this pair looking for sell signals, but resistance was broken and on H4 chart Pin Bar showed up after test from above. So I set buy limit order on its 50% retracement with 80 pips of Stop Loss. The target is another resistance, which is 300 pips higher.

GBPAUDH4-9-12-2015-1024x501

GBPCHF

Here yesterday I reached Take Profit. After signal of entering positons, price dropped quickly to the nearest support. This level was broke and currently we can watch what will happen after bullish correction. If there will be any Price Action signal on H4 chart, we can consider going short.

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

GBPCHFDaily-9-12-2015-1024x501

NZDUSD

Another position opened yesterday. I was watching support on H4 chart to look for some long signals. There was no clear one, but two candles together gave 8-hour Pin Bar. This is why I set buy limit order on 50% retracement and opened long position. SL is 25 pips and TP is 140 pips.

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

NZDUSDH4-9-12-2015-1024x501

USDCHF

This pair is just below the support. It is without doubt in long term bullish trend (it even broke January high from before setting CHF free). This is why we can look for signals of entering position from D1 chart.

USDCHFDaily-9-12-2015-1024x501

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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.