The weak run of Price Action system still lasts. Profit is reduced to +11% since beginning of the year and it is caused by lot of emotions on the market and less of “technical behaviour”. We just have to be patient and sooner or later there will be more profit.

AUDJPY

AUDJPYDaily-2-7-2016-1024x500

Wednesday’s buy signal looked really good. Daily Pin Bar on the support is a strong confirmation of continuation of gains. Unfortunately strong weakening of AUD caused closing of this position. Now we have to wait or even look for opportunity to open shorts.

EURJPY

EURJPYDaily-2-7-2016-1024x500

Above support there is another pair with yen. If bearish correction will last and price will test mentioned level and some Price Action signal will show up, we can consider opening longs.

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

EURUSD

EURUSDDaily-2-7-2016-1024x500

It reached on Friday to the upper band of support area but there was no buy signal. I will watch price behaviour both on H4 and D1 charts and look for signal to open long position.

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GBPJPY

GBPJPYDaily-2-7-2016-1024x500

It reached the support and now it can be an opportunity to open long position. Similarly like on EURUSD I will look for a chance to open long position.

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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.