GBP/JPY Analysis

News coming out of a new eurozone bailout had turned everything bullish again for now. Price Action signals are now on the daily timeframe for this pair.

Past 3 days there have been 3 pinbar candles, all bullish all bouncing off 21ema. Trend is now up. Moving averages pointing up. I think theres a nice risk/reward to be had here so am setting the below order to go long

STOP: 12101
ENTRY: 12180
LIMIT: 12417

Risk/Reward: 3/1

GBP/USD Analysis

Pin bar candle off support on the daily timeframe has given a good bullish price action setup. Bounce off 8ema and support at 15903 which was twice before previous resistance. Moving averages up with strong momentum. Trend up.

Have gone long as per below:

STOP: 15879
ENTRY: 15970.2
LIMIT: 16152

Risk/Reward: 2/1

AUD/JPY Analysis

Daily timeframe showing bullish price action signals

Pinbar candle again reject 8ema.
Trend now up
Moving averages show growing momentum
Bounce off support holding.

Long order as per below:

STOP: 7830
ENTRY: 7889
LIMIT: 8125

Risk/Reward: 4/1

EUR/USD Analysis

Bearish price action signal on the daily timeframe.

Pinbar candle off support around 13876. With the overall bearish trend. 50% retrace off the 29th Aug high. Short order placed as per below:

STOP: 13873
ENTRY: 13796
LIMIT: 13603

Risk/Reward: 2.5/1

USD/CAD Analysis

Huge bullish pinbar on daily timeframe

Bounce off 21ema
With Trend
Bounce off 10535 support
50% retrace off 16.9 low

LONG order as per below:

STOP: 10227
ENTRY: 10325
LIMIT: 10521

RISK/REWARD: 2/1

EUR/USD Analysis

Bearish pinbar formed on the daily timeframe

It has rejected 8ema and off 13494 support
Bounce off upper trendline
61.8 retrace
With Trend

Short order as per below:

STOP: 13529
ENTRY: 13441
LIMIT: 13265

Risk/reward: 2/1