EUR/USD

EURUSDDaily-5-23-2015-768x376@2x

Eurodollar reached support zone and we see a rebound opportunity. For now there is a lack of proper Price Action signal so we should just wait. Short-term trend is downward, but in the broader image we are still inside bullish momentum.

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GBP/CAD

GBPCADDaily-5-23-2016-768x376@2x

Take profit on this pair. Strong upward move on pound to Canadian dollar and position closed with a TP (around 50% of the long white candle). I have mentioned the signal exactly 10 days ago. Now, the chart also gives interesting situation. We will wait for a signal under resistance to try open short.

GBP/CHF

GBPCHFDaily-5-23-2016-768x376@2x

Another pair with pound which reacted strongly. If deeper correction occurs, we will look for long position signals. Ideally, price could fall between two support zone. Potential purchase target can be placed 500 pips higher (February’s high).

USD/CAD

USDCADDaily-5-23-2016

I observe Loonie since the beginning of the upward correction. It slowly approaches potential entry point – strong resistance. If selling signal occurs – on the D1 chart – I will consider shorts.

USD/JPY

USDJPYDaily-5-23-2016-768x376@2x

Another successful position – with around 90 pips SL it has around 400 pips profit. I have mentioned it 2 weeks ago. Now we will be able to look for short positions, as the main trend is clearly downward one.

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

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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.