GBPUSD

And we have a not very bad signal for GBPUSD as well.

Price seems to bounced off 4H resistance, major trendline and  Fibo retrace 38.2.

Next resistance gives good R:R ratio as well (at least 1:2 i guess)

Took  a long trade as well.

Any questions please comment below alright?

EURUSD Analysis

Hello traders,

Today it looks like we have a good signal on EURUSD.

As you can see, price has formed reversal pattern over the confluence of Fibonacci retracement 38.2, major trendline ( on daily chart) and closed above daily RBS.

Most likely price will move to next resistance as indicated. We got good R:R ratio it seems around 1:2.

Took long trade.

Let's hope for the best shall we.

EURUSD

On D1 TF, double tops has formed at the resistance area 1.3808 (which is close to psychological number 1.3800) but the current long term trend is still uptrend.

Two situations may occur:
1) If price retrace to trendline and resistance with candlestick reversal pattern, we will take long position.
2)If price closed below our long term trendline, we will look for short position upon retracements.

On H4 TF, price has closed below medium uptrendline and indicating downtrend.

But as you can see, price is moving towards major long term trendline on D1 chart.

For now we shall observe.

AUDUSD Analysis

On H4 timeframe, an indecisive candlestick has formed on the confluence of Fibo 38.2, minor support and trendline. Sell stop at the low of the candlestick would be nice. Let us see how it is.

RRR-1:2

MY TRADING STYLE

Oh yeah I forgot to mention, I am trading on major currencies (EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, AUDUSD and NZDUSD) on 4 hourly and daily timeframe.

I only trade with pure price action. My trading tools are Fibonacci, support and resistance, trend line and candlestick reversals. That's it simple right?

I believe simplicity is the best method of trading. Easy for me to always get best risk to reward ratio.

Basically I am intraday-swing trader you can say.

Sorry my English is not so good.

USDJPY Analysis

Daily timeframe shown that price moved pass through RBS area and perhaps moving to the next resistance indicating uptrend.

On H4 timeframe, a pin bar has formed at the confluences of trendline, major resistance and Fibonacci 61.8%.

I will long with SL 50pips with TP of next resistance (also confluent with Fibo 161.8%) 250 pips.

Risk Reward Ratio - 1:3

All the best.

EURUSD Analysis

On D1 timeframe, I have marked significant resistance and support area. Price moved from resistance to support indicating it's in downtrend. So look forward to short on any Fibonacci key areas with confluence with support (horizontal and trendline).

As you can see, signicant RBS(resistance become support) has formed (blue area). What I really look forward is that any candlestick reversal to form at the confluence of trendline, major support and Fibonacci ratio area of 61.8%.

If it does, I will set my SL 50pips and TP on Fibo 161.8% (confluence with support on D1)