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Price Action Patterns


AUDJPY – continuation of increases after breaking the channel? – 27/11/18

No ratings yet. The AUDJPY in the second half of last month bounced dynamically from key support at 78.70. This resulted in the establishment of a higher high, and moreover, for several weeks, the quotations remained above the average EMA 10/20, which indicates the advantage of the demand side. On the other hand, after switching Read the full article…



EURUSD – attempt to break from descending wedge – 08/11/18

AUD?USD

No ratings yet. EURUSD – After setting a maximum of 1.2555 in January this year, the pair moved until mid-April in a wide 300p consolidation and at the end of April overcome its lower limit and moved dynamically to the south. After reaching the level of 1.1500, it again started to move in consolidation, from Read the full article…



AUDUSD – 3 reasons to go Long – 29/10/18

No ratings yet. AUDUSD has been in a downward trend since the beginning of the year. Within 10 months the pair dropped 1,100p, setting last Friday at the level of 0.7020 minimum of the year. Friday’s candle covered completely the Thursday candle, creating the formation of the Engulfing Bar called also Outside Bar The direction Read the full article…



GBPCHF – Inside Bar 15/10/18

No ratings yet. GBPCHF – The pair from mid-April this year moved in a bearish channel, which resistance and support were fairly well respected. At the end of September, the resistance of the channel was broken and the price moved quite dynamically north. The last session of the last week ended with a bearish candle Read the full article…



USDJPY – will the correction be continued? – 08/10/18

AUD?USD

No ratings yet.   USDJPY – Last week I wrote about this pair in the context of the expected downward correction. The predictions become a fact, and since then the quotes have already dropped by 80p. The declines reached the line of the short-term upward trend, lasting since the beginning of September, which was a Read the full article…



USDJPY – time for a correction? – 04/10/18

AUD?USD

No ratings yet.   USDJPY – moves in an upward trend since the end of March this year when the pair set the minimum at 104.55. Yesterday’s session ended at 114.55 which was the record of this year, giving an increase of 1000p in 6 months. On the Daily chart, we see that the price Read the full article…



AUDUSD – confluence of supports – 25/09/18

No ratings yet. Yesterday I wrote about the confluence resulting from the use of 2 strategies to confirm a signal to open an order. Today’s analysis of the AUDUSD pair also is based on confluence, this time it concerns the levels of support and EMA144 strategy assumptions. In the H4 graph, we have two supports Read the full article…



Price Action and MACD – way to increase probability of wining – 15/09/18

AUD?USD

No ratings yet. Recent weeks have been full of setups based on this PA+MACD strategy so I would like to share with you a short description of it. While trading on the forex market I had the opportunity to test a dozen of indicators offered by the MT4 platform, which I one by one eliminated Read the full article…



NZDUSD – end of correction according to PA+MACD strategy? – 22/08/18

No ratings yet. NZDUSD – has been moving in a downward trend for a long time, and from August 15, an upward correction is underway. I noticed that the closing of the last candle on H4 was accompanied by the creation of a maximum on the MACD, which starts to decrease. According to the PA Read the full article…



EURUSD – time for correction 20/08/18

AUD?USD

No ratings yet. EURUSD – since the middle of June, the price has moved in consolidation, and its upper and lower limits formed sides of a triangle. At the beginning of August, the bottom was broken and after retest from the bottom of the defeated support of the triangle, the quotations went south. From Wednesday, Read the full article…



USDJPY – In a bullish channel 11th of May

AUD?USD

No ratings yet. USDJPY – Last Friday I analyzed this pair predicting declines, which turned out to be quite limited, as they amounted to only 50 pips. When the pair reached the bottom of the channel in which it is moving since March this year, there was demand and the price went north again. Today, Read the full article…



EURAUD – Head & Shoulders heralds Declines ? 05/04/2018

AUD?USD

No ratings yet. EURAUD – I have written about this pair twice recently. On Wednesday last week I analysed a bearish formation (Outside Bar) which was formed on this pair. This week, the price left the formation thru the bottom falling to the nearest support level of 1.5980. There was a demand reaction that led Read the full article…



EURAUD – Retesting Outside Bar -03/04/2018

AUD?USD

5/5 (1) EURAUD – in the previous analysis (29/03) I described the formation of the Bear Market (Outside Bar), which as a typical bearish formation pointing to declines. The predictions proved correct, the price left the formation thru the bottom and reached the level of the nearest local support of 1.5980 (the blue zone). According Read the full article…



EURJPY – False Breakout from Inside Bar and a chance for Declines 15/03/2018

No ratings yet. EURJPY moved in the ascending wedge from August 2017. On 7.02 this year had overcome its lower limit and began dynamic declines. The price reached 129.30 where an upward correction began. The candle from March 8 creates until today an Inside Bar from which we already had two attempts to break the Read the full article…



NZDUSD – Breakout from Weekly Inside Bar -28/02/2018

AUD?USD

4/5 (1) Quotations on NZDUSD last week (19-24.02) were included in the range of the candle from the previous week (12-17.02), therefore the formation of Inside Bar was formed with the range of 0.7430-0.7230 – around 200 pips. At the beginning of the year, the pair broke the 7-month downward trend line (thin blue line). Read the full article…



EURJPY – Break Out from Ascending Wedge Heralds Declines – 12/02/2018

AUD?USD

5/5 (1) EURJPY – on Thursday last week, the price broke out from a ascending wedge build from September 2017. On Friday there was a very precise re-test of the lower limit of this wedge, and the session ended at 133.25. Technically, the situation seems quite clear, the likelihood of continuation of declines is very Read the full article…



EURNZD – Head & Shoulders heralds declines ?

AUD?USD

5/5 (1) EURNZD – the current situation on this pair confirmed the downward scenario described in the analysis from January 8 –http://comparic.com/eurnzd-leaves-channel-attacks-neckline-hs-08012017. This is how situation looked like on EURNZD on January 8, when the pair broke the neck line of the formation Head & Shoulders. I expected return of the price to the bottom Read the full article…



USDJPY – Attack on Head & Shoulders Neckline

AUD?USD

No ratings yet. USDJPY – The year 2018 began with quite intense declines, since the opening of Asian markets (some are still celebrating), the pair has dropped 60 pips. On the Daily chart, we can see a characteristic Head & Shoulders formation, where the right arm (113.75) was confirmed by the next lower high created Read the full article…



EURNZD – Head & Shoulders and Breakout from Bullish Channel

AUD?USD

5/5 (1) EURNZD – situation on this pair becomes more and more clear. The pair has been growing since the first days of February this year, and since July it has been moving in a growth channel quite closely respecting its lower and upper limits. On Tuesday, the price left the channel, breaking its support Read the full article…



NZDUSD – Three Reasons to be Bullish ?

No ratings yet. When doing a technical analysis of a currency pair or some other financial instrument, we should try to find on the chart as many formations as possible that will strengthen our belief that the instrument will behave in line with our expectations, frankly said we look for confluence. Confluence in this case Read the full article…



GBPAUD – Bearish Engulfing and false Breakout from Inside Bar

AUD?USD

No ratings yet. GBPAUD – Bearish Engulfing and false breakout from Inside Bar is a good reason to get interested in this pair in the coming days, especially since this is happening at a fairly important level. A few days ago I wrote about this pair forming Inside Bars, the second of which was entirely Read the full article…



Bearish Engulfing on GOLD 21/11/2017

No ratings yet. GOLD on the daily chart formed a strong bearish engulfing formation yesterday. Layout is definitely bearish. On the chart I marked most of such formations. Of course not 100% of those formations are valid but they are enough strong that we should not ignore the yesterday’s . The chart indicates that the Read the full article…



USDJPY – Breakout from Inside Bar – 20/11/2017

No ratings yet. Trading Inside Bars –here you will find analysis based on one of the most known Price Action formation – Inside Bar. Statistics show that best results gives breakout from Inside Bar formation on Daily chart, so mainly this time frame charts will be analysed.   Last week on the USDJPY daily chart was formed an Read the full article…



Trading Price Action Patterns – Bearish Engulfing (Outside Bars)

AUD?USD

No ratings yet. When trading on the Forex market, we make decisions based on price action. In order to open the appropriate order we look at the graph and search answer to the question – which direction the price will move. On the candlestick chart (Japanese candles), the price creates recurring formations that can help Read the full article…



Strategy EMA144 – Overview of Setups 05/11/2017

AUD?USD

5/5 (3) At the beginning, let’s go back to the two setups I wrote about in the previous article. EURJPY H1– in line with the strategy Sell order opened at the crossing of price EMA144 (132.63), it would give until now around + 20p. EURUSD H1 – the price has crossed the average at 1,1666 Read the full article…



Analysis for Newbies: EURNZD and Head & Shoulders Formation

No ratings yet. EURNZD after a strong upward movement was not able to establish new maximum. This behavior of price indicates exhaustion among sellers, and technically means creating the right arm of head and shoulders formation. As you can see on the following 4-hour chart, the diagonal neck line of the formation was broken, but Read the full article…



EMA144 Setups – EURJPY, EURUSD – 01/11/2017

AUD?USD

5/5 (1) Some months ago I described a strategy based on the average EMA144. Its description can be found here: http://comparic.com/trading-based-ema-144/. Below you will find some trading ideas complying with the strategy assumptions. As the strategy often works on the M5-H4 intervals it is quite good for both scalpers and long term traders. Setups at Read the full article…



Review of Price Action Setups AUDJPY, EURJPY, EURUSD, GBPAUD, NZDUSD – 30 October 2017

AUD?USD

No ratings yet. We are starting a new week in the markets. Last one was extremely interesting and there were a lot of investment opportunities. You can read about my positions and new potential entries below: AUD/JPY: Pair reached key support and rebounded from it on Friday. However, there was no buy signal complying with price action Read the full article…



Price Action Setups Review – AUDUSD, EURAUD, EURJPY, GBPAUD, GBPCAD, NZDJPY, USDCAD October 26th, 2017

AUD?USD

No ratings yet. Today a bit more pairs, we really observe some very interesting movements on the market and in the near future we should open new trades: AUD/USD: On the Aussie there was a break of support and the price closed below it. This allows us to look for opportunities to enter on the Read the full article…



GBPJPY- Head & Shoulders – Declines Coming?

AUD?USD

No ratings yet. In the article from the beginning of September I analysed the inverse H&S on this pair and the movement that followed after its implementation exceeded all expectations. From the charts I expected 400 pips but came out 950 pips. Now at the top of this rally is formed next H&S formation and Read the full article…



Price Action Setups-AUDJPY, EURUSD, GBPAUD, USDCAD September 21th, 2017

AUD?USD

No ratings yet. Finally it’s after FOMC and we can go back to trading. It seems that the markets were waiting for FED’s decisions because recently there was not much happening on the charts. Lets go to the charts and search for interesting setups: AUD/JPY: The pair broke strong resistance yesterday, and today’s candle is Read the full article…



Head & Shoulders- Does it Work on Cryptocurrencies ?

5/5 (1) Head & Shoulders (H&S) – this is a formation that consists of three local highs – the left shoulder, the head and the right shoulder. This pattern belongs to one of the most reliable and its confirmation is to breaking the neck line. The potential range of declines determines the distance from the head Read the full article…



CHFJPY and GBPJPY – Head and Shoulders Close to be Completed

AUD?USD

5/5 (1) CHFJPY pair described in the previous post slowly but effectively after determining the level of the right arm tends to the neck line, at this moment it still has to travel 140 pips to the south. Perhaps it is worth to open Sell with Stop Loss near the previous high on H1 – Read the full article…



Analysis for Newbies: AUD/CAD – Towards the Previous Low -100pips to Go

5/5 (1) AUD/CAD on daily chart indicates a moderate down trend. Since the end of May price respects edges of the bearish channel. Currently the price oscillates at the level of two previous, local lows. It does not seem to be so strong that it can stop the downward movement. Descent below 0.9850 can therefore Read the full article…



CHFJPY-Head & Shoulders under Construction – SELL ?

AUD?USD

No ratings yet. Week ago I described  situation on CHFJPY and the possibility of creation a Head & Shoulders formation and in the last sentence I wrote: “But before that we have to finish drawing the right arm and CHFJPY should reach the green zone at 115.20.” (read all)…   So it happened, that is, Read the full article…



Harmonic Trading – GBPJPY, EURPLN

No ratings yet. Last week I pointed to a potential harmonic formation on the EURPLN pair. If the CD was equal to AB, it would be a classic straightforward correction that is highly effective. However, as long as the 4.3130 test is not sure, the formation may never be formed (more in the analysis “potential Read the full article…



CHFJPY-Head & Shoulders on Daily and Weekly Charts

AUD?USD

No ratings yet. Very interesting “figures” draws pair CHFJPY on the Weekly and Daily charts. I do not like pairs with Swiss franc (CHF) due to its volatility resulting from unpredictable SNB actions (I still remember January 2015 ) and higher spread than on other crosses, but looking generally at the currency market – should Read the full article…



Will a Head & Shoulders Pattern Form on GOLD ?

4/5 (1) GOLD market has been moving north for a long time. Due to this growth its price reached and even surpassed the level of 1300 USD, which resulted that last Friday GOLD was most expensive since the beginning of the year. In the area around this level a strong supply reaction quickly occurred, and Read the full article…



Ichimoku Trading – AUDNZD, EURUSD, GBPAUD, GBPCAD August 17th

3/5 (2) Ichimoku is an investment strategy of trend following, it works great on H4, D1 and higher time frames. In this series of articles I present my setups and observations using Ichimoku, supports and resistances and Price Action patterns. AUDNZD On H4 chart we can see that price since beginning of August was appreciating. Read the full article…



AUDJPY – Range of Declines of H&S Formation Completed

No ratings yet. In a August 3 analysis entitled “AUDJPY breaks neckline of H&S formation ,bears target 86.45“, I pointed out that the target would be 86.45 with possibility of deepening this movement to another support of 85.80. Exactly this scenario was realized on AUDJPY, and to complete this movement one bearish week was enough. Read the full article…



EURUSD- Head & Shoulders Pattern Forming ?

AUD?USD

No ratings yet.   Since beginning of the year EURUSD is in an upward trend. The lowest rate this year pair reached on January 3rd was 1.0340. Since then, we have seen increases that reached last week handle 1.1910 which gave 1570 pips. The last weekly candle has shape of a pinbar with a fairly Read the full article…



NZDUSD-Head & Shoulders Pattern -160p Declines Coming ?

AUD?USD

5/5 (1) NZDUSD – a layout similar to USDJPY setup described here : USDJPY – Will Inside Bar Support Head & Shoulders Pattern? – (which by the way gave more than I expected – in place of 150p gave 280p). NZDUSD has drawn a classic Head & Shoulders pattern where neckline is at level 0.7390. Read the full article…



AUDJPY breaks neckline of H & S formation ,bears target 86.45

AUD?USD

No ratings yet. As expected the neck line is broken (AUDJPY continued) On Tuesday’s analysis, I pointed formation of Head & Shoulders on AUDJPY and high probability of its activation by breaking the neckline in near future. Although we had to wait more than 24 hours for this break, the downward movement is already a Read the full article…



AUDJPY – Head & Shoulders Formation -Possible Declines to 86.45 ?

AUD?USD

No ratings yet. From the beginning of June 2017 bulls rulez on AUDJPY, and bears only with disbelief could watch this rally. At the moment, however, there is a strong formation that gives the supply a chance to develop at least a correction. During last 2 weeks a bearish formation of Head & Shoulders was Read the full article…



From Investor to Scalper – GBPUSD – Potential for 700 pips Growth

AUD?USD

No ratings yet. After announcement of results of referendum in 2016, in which the British voted 51.87% to leave the EU, market have beaten very important support at 1.3850 level. As a result of subsequent falls, the price of Cable was at its lowest level since May 1985. Looking purely technically on the current market Read the full article…



AUDJPY on New Highs

No ratings yet. AUD/JPY is recently one of the most dynamically moving pairs. The price is growing very fast since the beginning of June, almost without major corrections. Some declines occurred here only last Friday. As you can see, price after withdrawal to support set by previous high, very quickly began to grow. It was a Read the full article…



Harmonic Trading – BAT Pattern at NZDJPY

No ratings yet. Trading based on harmonic formations mostly depends on proper measurement of Fibonacci retracement in relation to price movements. A description of all the patterns can be found in the article: Harmonic Trading – Most Efficient Patterns. Harmonic formations are patterns of continuation of the trend. For this reason, it is important that Read the full article…



USDJPY – Will Inside Bar Cooperate With Head & Shoulders Formation ?

AUD?USD

No ratings yet. USDJPY – pair formed an interesting scheme of Price Action formations. H4 chart shows a clear Head & Shoulders formation where the right shoulder was set in Friday’s Asian session at level 113.55. Then some hours latter at the end of European session, a large supply candle dynamically broke the neckline of Read the full article…