Japan reported its preliminary GDP report for Q2, and it was great: 1% q/q growth rate, equivalent to around 4% annualized. This is a very high growth rate in a developed country. Expectations stood at around 0.6% and Q1 saw only 0.3% growth. But USD/JPY is actually on the rise, trading around 109.55 and getting [...]
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USDCHF broke an up trending H4 Trend line last week. The price then kept going down. The price has been having correction now. There is a level nearby, which has the potential to be a level of resistance. This means the pair might make another move towards the South soon. Let us have a look at the H4 chart…
Have a look at the chart. The candle that broke the significant level of support was a massive bearish candle. The price came up to 0.96100. Then, it has started having correction. If the price goes up 0.97100 and the level produces a bearish H4 Engulfing candle, then selling the pair would get us some green pips.
Let us have a look at the summary of the trade
Many traders take their entries on a chart, but come out with their profit by following smaller time frames’ chart than their trade setup’s charts. This is never going to be handy in the end. They would take bigger loss, but take smaller profit than they are supposed to. It might be all right for a time being if they have a high percentage of winning trades. Then, again, it is needed that the traders know how to let their profit run. Especially, if they want to make a living out of trading, they have to learn the art of being with the winning trade as long as possible.
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We hope that you enjoy our Free Forex Trading Signal today: USDCHF Price Action Analysis – 10th Aug 2017
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The post USDCHF Price Action Analysis – 10th Aug 2017 appeared first on Advanced Forex Strategies.
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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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…
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GBPUSD has been bearish on the H4 chart. The price broke a Daily bullish Trend line and since then the H4 chart has kept making lower lows. As things stand with the pair, the price might make another bearish move from an important level of resistance. Let us have a look at the H4 GBPUSD chart…
GBPUSD Price Action Analysis – 9th Aug 2017
See that massive H4 bearish candle. Then, the price continued to move towards the downside. The level of 1.30200 has the potential to be a flip over resistance. If the H4 candles hold the level and it produces an H4 Engulfing candle, then we would have to wait for a breakout at 1.29510 to take a short entry. Let us have a look at the summary of the trade…
This trade setup has to be triggered today. There is another bullish Trend line on the Daily chart. Thus, the space for the price will be squeezed to travel towards the downside if it takes too long to produce the entry signal. Although it seems a huge gap between the resistance and breakout level, but H4-GBPUSD sellers have been very active as far as the H4-GBPUSD chart is concerned. Thus, there is a good possibility that we get the desired correction up to the resistance level and then the breakout. However, if it does not get triggered today, we might as well leave the trade setup.
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We hope that you enjoy our Free Forex Trading Signal today: GBPUSD Price Action Analysis – 9th Aug 2017
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The post GBPUSD Price Action Analysis – 9th Aug 2017 appeared first on Advanced Forex Strategies.
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…
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AUDNZD had been choppy on the H4 chart. A strong level of resistance was on its way, which held the pair back to go towards the North. However, that level has been broken and the pair seems good enough to go to the upside to make new higher highs. Let us have a look at the H4-AUDNZD chart…
AUDNZD Price Action Analysis – 8th Aug 2017
The level of 1.07230 acted as a strong level of resistance. The price was held for number of H4 candles recently. As we see that level has finally been broken and the price continued to go towards the upside. It might go little further towards the upside. If it really does and then starts having retracement up to the level of 1.07230, then we would have to wait for an H4 bullish reversal candle to take a long entry. An Engulfing H4 bullish reversal candle would be the best one. Let us have a look at the summary of the trade…
The retracement has not started yet on this setup. I assume it might need 5 – 6 candles (H4) from now for the price to come at the breakout level and to produce the H4 reversal candle. This means the signal might come at the early part of the trading day tomorrow (Sydney session). This means for many of us might have to start our trading activities bit early tomorrow than the other trading days.
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We hope that you enjoy our Free Forex Trading Signal today: AUDNZD Price Action Analysis – 8th Aug 2017
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The post AUDNZD Price Action Analysis – 8th Aug 2017 appeared first on Advanced Forex Strategies.
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…
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USDCHF made a breakout towards the upside on the H4 chart. The last NFP’s “Unemployment data” helped the pair make the breakout. The pair then started having correction and came right up to the breakout level today. This means the pair looks good to give us a long entry if we get an H4 bullish reversal candle. Let us have a look at the H4-USDCHF chart….
USDCHF Price Action Analysis – 7th Aug 2017
See the H4 breakout candle, which was formed at NFP release hour. Then, those corrective H4 candles were formed. The price already had a rejection from the level of 0.97090 today. However, the last H4 candle is still bearish. Thus, we have to wait for an H4 bullish candle to be formed to go long on the pair. Let us have a look at the summary of the trade…
News events at the beginning of the month, especially the NFP release plays a big role in the Forex market. The pair that gets a direction from the NFP release; usually that direction or trend exists for the rest of the month. Do not take it for granted, but this is how it goes 70% of the time. USDCHF had been choppy for a long time on the H4 chart. It seems that it has found its direction. I assume the pair would be bullish for some days. I would not be surprised if it establishes a bullish trend on the Daily chart as well.
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We hope that you enjoy our Free Forex Trading Signal today: USDCHF Price Action Analysis – 7th Aug 2017
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