AUD/NZD

AUDNZDH4-2-sierpnia-2015-1024x516

After breaking the inside bar pattern the long position was opened, but on Friday pin bar candle showed so we can try another buy limit order. This is a proper purchase signal after a re-test of previous resistance (now support) from the top.

EUR/AUD

EURAUDDaily-2-sierpnia-2015-1024x516

Wednesday’s sell limit order put at 50% retracement of signal candle was opened and dynamically closed. However, Friday session showed that higher levels are being negated and another sell signal drawn itself (in the form of bigger pin bar candle). After Monday’s market opening it is good to put sell limit order there. SL around 120pips, TP around 400pips, which gives good RR ratio (3:1). We may also observe the H4 chart and look for more profitable trading opportunities.

EUR/CAD

EURCADDaily-2-sierpnia-2015-1024x516

Limit order here was a little bit unlucky and the long position have not opened. The order was put a little bit too low and we ended out of the market.

EUR/JPY

EURJPYDaily-2-sierpnia-2015-1024x516

SL showed up also at euro to yen cross currency pair. Friday’s session however brought selling signal in the form of huge pin bar candle (D1 TF). Today we should take a closer look at the Price Action and make a decision of entering the market (I recommend standard sell limit order at 50% retracement of the signal candle).

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