Freshly prepared Price Action Setups for you!

AUD/USD

Currency pair dynamically feel in the last week and stopped below important support. Now this level should act as a resistance and if any PA sell signals shows there, we will be able to use it and open short position.

EUR/USD

There is no doubt that the currency pair is in the downtrend – in this case we should only focus on short positioning. Inside bar formation showed on the chart (the Friday candle is the mother-candle). Yesterday we saw a break above (in the opposite direction that we look for) and then the price fell. This is so-called Fakey signal. It may bring further losses, so playing short is recommended.

GBP/USD

Cable fights with resistance near the last Monday gap. If the zone falls, the next resistance is marked on the chart and there we will be able to look for short positions. What is more, we are still in downtrend – so any other sell signal also should be considered as a factor to go south.

USD/JPY

Ninja also generated Fakey signal. Yesterday candle broke below and then moved back quickly. What is more important, maximum of mother-candle is the highest level since 2008! This show how strong the trend is and strengthen our signal. This position can be played in two ways. We may open the transaction now (after closure of the candle which cheated traders) or wait for breaking the current formation.

Error, group does not exist! Check your syntax! (ID: 3)