[FOREX TIP] EURNZD Price Action Analysis – 17th July 2018

EURNZD made a huge Bearish move on the H4 chart. The pair produced an H4 Bearish Engulfing Candle and then another H4 solid Bearish Candle, which made a breakout at a significant level of Support today. If the price goes back to the breakout level and produces another H4 Bearish Engulfing Candle, then selling the pair would get us some green pips later today or even tomorrow. Let us have a look at the H4 EURNZD chart.

EURNZD Price Action Analysis – 17th July 2018

See today’s first H4 candle. That came out as an Engulfing candle. Then next one came out even a bigger Bearish candle. That candle also made a breakout at 1.71930. It might be the time for the price to make some correction up to the breakout level. If the price goes back there and produces an H4 Bearish Engulfing candle, then the price would head towards the level of 1.70000 without having that many pauses. Let us have a look at the summary of the trade…

• Sell Stop Order: 1.71930
• Stop Loss: 1.71930
• Take Profit: 1.70000
• 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

As we see that the trend range is big. Thus, the pair might get sluggish and start having the correction from now. This could make the pair produce our expected Bearish Engulfing Candle not today but tomorrow. This means that the setup is valid for tomorrow as well. All we have to make sure that the H4 chart produces that Engulfing Candle and makes a new lower low to take the short entry.

EURNZD Price Action Analysis – 17th July 2018

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[FOREX TIP] Ichimoku Trading System PDF Version Download Link

In this Ichimoku Trading System PDF Version, we have for you a proven trading system that will generate consistent weekly results. However, you must know that trading lower timeframes will make the system less reliable. It’s imperative that if you want to achieve consistent results that you trade the higher time frames. H4 is the minimum recommendation. The most preferred time frame is Daily time frame. For even higher reliability, we have combined the ichimoku trading system with Fibonacci as our filter. This is a very interest strategy… enjoy…

Ichimoku Trading System PDF Version
Free Download Link Below

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CryptoCurrency News: US Government Backs DLT-Based Energy Grid With $1 Million Grant

A small energy blockchain startup based in Colorado received a grant of nearly $1 million from the U.S. Department of Energy.

via CoinDesk