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Tuesday, November 12, 2019

[FOREX TIP] Free Forex Trade Signals EURUSD – 13th Nov 2019

EURUSD had a bearish day yesterday. The daily candle engulfed the day before yesterday’s daily candle. The daily chart shows that the price upon producing a Double Top has been heading towards the South for several days. On the H4 chart, the price has been bearish and it has been on consolidation. A level of flipped resistance is nearby. If the level holds the price and produces an H4 bearish engulfing candle, the price may head towards the further south with good bearish momentum. Let us have a look at the H4 EURUSD chart.

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

Free Forex Trade Signals EURUSD – 13th Nov 2019

Free Forex Trade Signals EURUSD – 13th Nov 2019

The chart shows that the price had a bounce at the level of 1.100025 and produced two bullish candles. The level of 1.10170 is a level, which may hold the price as resistance. If the level produces an H4 bearish reversal candle and the price breaches the level of 1.10025, it would head towards the level of 1.09550. Let us have a look at the summary of the trade…

  • Sell Stop Order: 1.10029
  • Stop Loss: 1.10229
  • Take Profit: 1.09841

The level of 1.10025 has been the support in the trade setup. It is the level of 1.10000. It is a huge psychological level, which is going to play a vital role to determine EURUSD’s future. A downside breakout at the level may push the price further South up to the parity. On the other hand, if the level holds the price as support, it shall push the price towards the North for at some weeks.

For more trade ideas, join the Price Action Society

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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 EURUSD – 13th Nov 2019 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] Forex Charts

The post Forex Charts appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

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[FOREX TIP] Free Forex Trade Signals GBPUSD – 12th Nov 2019

GBPUSD produced a bullish engulfing candle on the daily chart yesterday. The H4 chart looks good for the buyers. The price has been on consolidation. It seems that it has found its support from where it may head towards the North to make an upside breakout and offer a long entry. Let us have a look at the H4 GBPUSD chart.

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

Free Forex Trade Signals GBPUSD – 12th Nov 2019

Free Forex Trade Signals GBPUSD – 12th Nov 2019

The price went up to the level of 1.28960 and started having consolidation. The level of 1.28440 is the level of support, which holds the H4 candles. It has already produced a bullish Spinning Top as well. If the price continues to go towards the upside and makes an H1 breakout at the level of 1.28960, the price may go towards the level of 1.29740 with good bullish momentum. Let us have a look at the summary of the trade…

  • Buy Stop Order: 1.28970
  • Stop Loss: 1.28103
  • Take Profit: 1.29663

We have set Take Profit at a resistance level on the daily chart. The daily chart shows that the price had rejection at that level twice. Thus, it may roam around there for a while before determining its next direction. An upside breakout would make the pair bullish. On the other hand, a daily bearish reversal candle would make the pair be bearish for some days. Let the pair decide what it would there. Meanwhile, let us concentrate on the trade setup and come out with a profit at the daily resistance.

For more trade ideas, join the Price Action Society

http://www.priceactionsociety.com

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 GBPUSD – 12th Nov 2019 appeared first on Advanced Forex Strategies.



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