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Friday, August 18, 2017

[FOREX TIP] GBPCAD Price Action Analysis – 16th Aug 2017

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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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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GBPCAD Price Action Analysis – 16th Aug 2017

GBPCAD has made a breakout towards the South on the H4 chart. The price has been in a consolidation. Moreover, the pair has produced an H4 Doji candle right at that level, which was a level of support earlier. If this level is held and produces an H4 bearish Engulfing candle, then the next breakout would offer us a short entry with excellent risk and reward ratio. Let us have a look at the H4 GBPCAD chart…

GBPCAD Price Action Analysis – 16th Aug 2017

Have a look at the consolidation after the breakout. The level of 1.64210 seems to be the new level of resistance. If this level produces an H4 bearish Engulfing candle, then, we would have to wait for a breakout at 1.63730 to take a short entry. It would be even better if the reversal candle itself makes the breakout. Let us have a look at the summary of the trade…
  • Sell Stop Order: 1.63700
  • Stop Loss Level: 1.64200
  • Take Profit Target: 1.62950
  • 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

If we flip over to the H1 chart of this trade setup, then we see that the H1 chart is having retracement. Thus, it might drive the price higher up. We have to make sure that we get a solid breakout after the level of recommended resistance is held. Any kind of breakout towards the upside might push the price towards the North. The best would be to get an H4 bearish Engulfing candle with no spike at the downside and that makes the breakout at the level of 1.63730 as well.

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today: NZDJPY Price Action Analysis – 14th Aug 2017

Join The Price Action Club Here…

 

The post GBPCAD Price Action Analysis – 16th Aug 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] GBPNZD Price Action Analysis – 15th Aug 2017

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…

Join The Price Action Club Here…

GBPNZD Price Action Analysis – 15th Aug 2017

GBPNZD has been choppy on the Daily chart. The H4 chart seemed to be bullish though. There was a good bullish move towards the North and then the price had some corrections as well. Moreover, there is a Double bottom at a very important level of support on the H4 chart. This means the pair might offer us a long entry later today. Let us have a look at the H4 GBPNZD chart…

GBPNZD Price Action Analysis – 15th Aug 2017

See the level of 1.77450 has been held by number of H4 candles. It seems that the price has already produced a Doji candle. If we get an H4 bullish candle from right at this level, then a breakout at 1.78000 would attract the buyers to buy the pairs as far as the H4 chart is concerned. Let us have a look at the summary of the trade…

  • Buy Stop Order: 1.78000
  • Stop Loss Level: 1.77200
  • Take Profit Target: 1.79800
  • 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

This level of support is very significant. However, it did not produce an H4 Engulfing candle at the first place. This means buyers were little confused there. Now that it is going to form a Double top. This would attract the buyers again. Then again, it is important that the Neckline of the Double top is breached. Otherwise, it cannot be assumed as a Double top. At the first place, just an Engulfing candle would do, but over here a breakout along with an H4 Engulfing candle is needed to take the long entry according to this trade setup.

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today:  GBPNZD Price Action Analysis – 15th Aug 2017

Join The Price Action Club Here…

 

The post GBPNZD Price Action Analysis – 15th Aug 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

[FOREX TIP] NZDJPY Price Action Analysis – 14th Aug 2017

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…

Join The Price Action Club Here…

NZDJPY Price Action Analysis – 14th Aug 2017

NZDJPY has been very bearish on the H4 chart. The price has kept making lower lows and the trend seems to be strong to make new lower lows. At the moment, the H4 chart is having a retracement. The price is at a level, which has the potential to be a strong level of resistance. Let us have a look at the H4 NZDJPY chart….

Have a look at the bearish ride. After breaking a support level at 80.170, the price kept coming towards the downside. Then, it started having correction. If the level of 80.170 is held by the H4 candles, then it would be a flip over resistance. Thus, a bearish Engulfing candle right from that level would attract the sellers to sell off the pair. Have a look at the summary of the trade…
  • Sell Limit Order:  80.170
  • Stop Loss Level: 81.200
  • Take Profit Target: 78.600
  • 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

Many Forex traders at the beginning and even the price action trader want to know whether indicators can be used in trading. To some extent, some indicators work well, such as Moving Average, Stochastic, RSI. Etc. However, there is a catch. A trader has to know what setup of an indicator to use on which time frame. Moving Average 200 would work well on a 15M chart, but it would not work that well on a Weekly chart. Same goes with other indicators as well. This means to be able to use indicators, we have to do a lot of back testing.

You can also take a look at our previous (and most likely profitable) Free Forex Trading Signals Here.

We hope that you enjoy our Free Forex Trading Signal today: NZDJPY Price Action Analysis – 14th Aug 2017

Join The Price Action Club Here…

 

The post NZDJPY Price Action Analysis – 14th Aug 2017 appeared first on Advanced Forex Strategies.



from Advanced Forex Strategies

CryptoCurrency: Ethereum News August 19, 2017 at 08:23AM #ETH

@ShapeShift_io Sidesteps Securities https://t.co/vzZDfmVvF3 #cryptocurrency

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CryptoCurrency: Ethereum News August 19, 2017 at 06:54AM #ETH

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Trump is good at firing people, and that’s what happened today once again. Steve Bannon, an extreme nationalist, was relieved from his job as a political strategist. He accompanied Trump for around a year, first in the campaign, and then in the White House. Markets are certainly happy about scapegoating Bannon. For now. Trump’s failure [...]

The post Bannon is out, the dollar is up, but the Donald is the bigger problem appeared first on Forex Crunch.



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CryptoCurrency: Ethereum News August 19, 2017 at 01:10AM #ETH

@minervatoken Will Distribute OWL To Merchants As A Reward For Accepting The #Tokens As Payment https://t.co/j4N8P4cyy6 #Ethereum

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CryptoCurrency News: Database Giant Oracle Wants Better Governance for Blockchains

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CryptoCurrency News: What's Next for Bitcoin Cash? Making Profitless Mining Profitable

Miners are currently mining bitcoin cash at a loss. CoinDesk looks at the reasons why, and what might happen if the tables turn.

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[FOREX NEWS] USD/JPY pressured on Barcelona terror, Trump trouble

A van ran into a large crowd in Barcelona’s famous Les Rambles avenue, killing 13 people and injuring many. As far as we know, the perpetrator is still at large. Later last night, another car ran into people in Cambrils, a southern town in Catalonia. Another incident happened in Alcanar and arrests were made in [...]

The post USD/JPY pressured on Barcelona terror, Trump trouble appeared first on Forex Crunch.



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