Sunday, November 3, 2019

[FOREX TIP] Free Forex Trade Signals USDJPY – 4th Nov 2019

USDJPY has produced a Double Top on the daily chart. After producing an engulfing daily candle, the pair produced an Inside Bar. This is strong bearish price action. Moreover, the H4 chart shows that the price has been on consolidation after making a strong bearish move. If the price makes an H4 bearish breakout, the sellers may go short on the pair to make some green pips.

This trade idea was generated by our powerful Elite Swing Trader System.

Free Forex Trade Signals AUDUSD – 1st Nov 2019

Free Forex Trade Signals AUDUSD – 1st Nov 2019

The H4 chart shows that the price finds its support at the level of 107.930. The level of 108.260 is the level of resistance where the price made its last breakout. If the level holds the price and produces an H4 bearish engulfing candle followed by an H4 breakout at the level of 107.930, the price may head towards the level of 107.390 with good bearish momentum. Let us have a look at the summary of the trade…

  • Entry: H4 breakout at 107.930
  • Stop Loss: Above 108.260
  • Take Profit: 107.390

The last week’s candle closed as an engulfing candle. The candle has been produced at the resistance of a Double Top on the weekly chart. Double Top and engulfing weekly candle factors may make the pair remain bearish for at least one more week. This means the price may head towards the South further than the Take Profit that we have set in the trade setup. By taking out a partial profit, we may let the rest of the trade run to grab more profit. The next target we may set at the level of 106.650.

For more trade ideas, join the Price Action Society


If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
Click here to learn more about the Price Action Society.

The post Free Forex Trade Signals USDJPY – 4th Nov 2019 appeared first on Advanced Forex Strategies.

from Advanced Forex Strategies

CryptoCurrency News: Bittrex Target of Latest $1 Million Crypto SIM Hack Lawsuit

Gregg Bennett had never heard of SIM swapping before. Then, one night in April, he learned in the worst way one can.

via CoinDesk

CryptoCurrency News: Trial Back on After Craig Wright Fails to Pay Kleiman Bitcoin Settlement

Craig Wright broke a non-binding settlement agreement to forfeit half his claimed bitcoin holdings, according to a court filing.

via CoinDesk

CryptoCurrency News: After Painful 2018, Chinese Blockchain VCs Are Getting Back Into the Market

After the crypto market crash last year, Chinese venture capital firms are taking another look at blockchain.

via CoinDesk

bitcoin faucet

Popular Posts