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Wednesday, November 20, 2019

[FOREX TIP] Free Forex Trade Signals NZDUSD – 21st Nov 2019

NZDUSD produced an Inside Bar on the daily chart yesterday. The candle formed right at the resistance level, where the price had the last rejection. Today’s price action on the H4 chart has been bearish. The first H4 candle came out as a strong bearish candle. As of writing, the current H4 candle has been bullish so far. The price is roaming around at the level, where it has made a breakout by today’s first H4 candle. If the level holds, then going short below today’s lowest low may get us some green pips. Let us have a look at the H4 NZDUSD chart.

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

Free Forex Trade Signals NZDUSD – 21st Nov 2019

Free Forex Trade Signals NZDUSD – 21st Nov 2019

Today’s first H4 candle breached the level of 0.64080. The price has headed towards the breakout level for correction. If the level holds the current H4 candle and produces an H4 bearish engulfing candle closing below the level of 0.63940, the price may head towards the level of 0.63690 with good bearish momentum. Let us have a look at the summary of the trade…

  • Entry: Bearish H4 candle closing below 0.63940
  • Stop Loss: Above 0.64080
  • Take Profit: 0.63690

The price has breached an up-trending trend line as well on the H4 chart. Thus, the level is a dynamic resistance. Dynamic resistance with a strong bearish reversal candle usually creates extra selling pressure. Thus, the price may head towards the 0.63320. At the Take Profit level, a partial profit may be taken out and let the rest of it run to the level of 0.63320 to grab some extra green pips.

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Click here to learn more about the Price Action Society.

The post Free Forex Trade Signals NZDUSD – 21st Nov 2019 appeared first on Advanced Forex Strategies.



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[FOREX TIP] Free Forex Trade Signals NZDJPY – 20th Nov 2019

NZDJPY had a bullish day yesterday. However, today’s price action has been bearish on the H4 chart. The first H4 candle today came out as a bearish Marubozu candle. As of writing, the current H4 candle has been a bullish Inside Bar. Thus, if the pair produces an H4 bearish reversal candle, an H1 breakout at today’s lowest low would be the signal to go short on the pair. Let us have a look at the H4 NZDJPY chart.

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

Free Forex Trade Signals NZDJPY – 20th Nov 2019

Free Forex Trade Signals NZDJPY – 20th Nov 2019

The price came down up to the level of 69.465 today. After having a bounce, it has been having an upward correction. The level of 69.640 holds the price as a level of resistance. If the level keeps holding the price and produces an H4 bearish reversal candle, a short entry may be triggered upon an H1 breakout at the level of 69.465. Let us have a look at the summary of the trade…

  • Sell Stop Order: 69.419
  • Stop Loss: 69.650
  • Take Profit: 69.202

The price action on the daily chart has been choppy. It has been within a horizontal range for quite a few days. The level of support of the range lies further down. Thus, the price may go towards support again. However, since the daily traders may not go short here, thus, the H4 traders may come out with the profit at the level where the price had its last significant bounce. On another note, keep an eye on the daily chart closely; the next daily breakout is going to be a very strong one.

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 NZDJPY – 20th Nov 2019 appeared first on Advanced Forex Strategies.



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