Before you continue, we want to make sure you understand that this is a past trade idea found inside The Price Action Club which is a premium Price Action trade signal service. This post is 1 week delayed and this idea is no longer valid but the lesson is still valid. We post this to show you what is inside the Price Action Club. It would be awesome if you join us to learn and to trade our trade ideas. We hope to see you inside the Price Action Club soon. Click here to join us…
Join The Price Action Club Here…
NZDJPY has been bearish on the H4 chart. Today’s H1 price action suggests that the pair is getting ready to make another move towards the downside. Thus, sellers will keep their eyes on the pair since the pair might offer an entry, which offers an excellent risk and reward ratio. Let us have a look at the H1 NZDJPY chart.
NZDJPY Price Action Analysis – 25th Sept 2017
Have a look at the H1 chart. Today the price has been bearish. The price broke through a level of support at 81.835 and then, continued to go down towards the downside. It seems that the pair might have found a level of support again. If the pair starts having a retracement from here and goes up to the breakout level at 81.835, then an H1 Bearish Engulfing Candle would attract the sellers to sell the pair later today. Let us have a look at the summary of the trade…- Sell Limit Order: 81.850
- Stop Loss Level: 82.200
- Take Profit Level: 80.100
- Validity: 72 hours
- Whenever possible, move the stop loss to the entry price and whenever you want, you can take profit anytime as long as you feel comfortable
All EUR pairs started today’s trading day with a huge gap. It is because of German election. The traders might have to be patient here to trade on the EURO pairs today and tomorrow because of the Gap. When a pair has a gap, it gets difficult to spot out the potential level of support or resistance as far as H1 or H4 charts are concerned. Thus, traders to trade on the EURO pair might as well be patient to be sure about the level of Support/Resistance until tomorrow
You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.
NZDJPY Price Action Analysis – 25th Sept 2017
Join The Price Action Club Here…
The post NZDJPY Price Action Analysis – 25th Sept 2017 appeared first on Advanced Forex Strategies.
from Advanced Forex Strategies
No comments:
Post a Comment