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The Catalan President Carles Puigdemont is making a closely watched speech in which a unilateral declaration of independence of Catalonia is on the cards. Tension has been rising and it has an impact on financial markets. Speculation has been mounting during the day about this crisis that is gripping the news. Our preview with three [...]
The post Puigdemont Speech Live Blog appeared first on Forex Crunch.
The United Kingdom released a big bulk of figures. Most notably, manufacturing output was expected to rise by 0.2% after 0.5% last time. The trade balance deficit was predicted to squeeze from 11.6 to 11.2 billion. The wider industrial output was expected to rise by 0.2%. GBP/USD maintained the recovery it enjoyed yesterday. Sterling moved [...]
The post UK manufacturing output beats with 0.4% – GBP rises appeared first on Forex Crunch.
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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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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EURAUD has been up trending by obeying a Trend line on the H4 chart. The price is at the Support level of the trend line again. Thus, it might be the time for the pair to make another move towards the North. Let us have a look at the H4 EURAUD chart.
EURAUD Price Action Analysis – 25th Aug 2017
Trading on Trend line’s support or resistance is very similar to trading on horizontal support or resistance. We wait for the reversal candle at the value area. Same goes with the Trend line trading as well. The support or resistance level in this case move towards the trend as time goes by. However, trend line trading has an advantage over horizontal Support/Resistance trading. Trend line support or resistance is always a dynamic support or resistance. That is why it gives more confidence to the traders and that leads the pair to have much liquidity.
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: EURAUD Price Action Analysis – 25th Aug 2017
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The post EURAUD Price Action Analysis – 25th 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…
Join The Price Action Club Here…
GBPNZD broke an H4 Down Trending Trend line. The price continued to go up after the breakout as well. As usual, the price is having correction now. If the price comes back at the breakout level and produce an H4 Bullish Engulfing candle, then buying the pair would get us some green pips with excellent risk and reward ratio. Let us have a look at the H4 GBPNZD chart….
GBPNZD Price Action Analysis – 24th Aug 2017
Look at the breakout at 1.76300. The same candle broke a down trending Trend line as well. After continuing to go up further North, the price has started having correction. The current candle seems to be a bullish one. Let us hope that the price does not start trending from here, but comes down to the level of 1.76300. If the pair produces an H4 Bullish Engulfing Candle right at 1.76300, then buying the pair would be very rewarding. Let us have a look at the summary of the trade…
If the price does not come to our recommended level, but starts trending from where the price is now, then we must not take our entry even if it is an H4 Bullish Engulfing candle. That has to be traded on lower time frames such as H1, or 15M. I mean we have to wait for corrections on the H1, or the 15M chart. That is rewarding as well, but that is a different ball game.
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 – 24th Aug 2017
Join The Price Action Club Here…
The post GBPNZD Price Action Analysis – 24th 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…
Join The Price Action Club Here…
EURCAD made a good bearish move on the H4 chart. The price went down up to 1.47240 and then started having correction. The price is at a very significant level, which has a potential to be a good level of resistance and to produce an excellent short signal. Let us have a look at the H4 EURCAD chart…
EURCAD Price Action Analysis – 23rd August 2017
Have a look at the corrective candles. The price has already showed some reaction at the level of 1.48130. If the current candle or the next H4 candle is a Bearish Engulfing candle, then selling the pair would get some green pips for the sellers. Let us have a look at the summary of the trade…
Mario Draghi has a speech to give today at 0700 GMT. This means the EURO pairs will have liquidity today. Since the trade setup is based on the H4 chart. Thus, we can actually measure the sentiment of the market after Draghi’s speech. If the resistance level is held and the current candle (one that covers Draghi’s speech) is a Bearish Engulfing Candle, then I assume the pair would not take long to hit the target. However, the current candle might just be a Doji candle (less likely, it would be a huge candle either way). Then, we wait for the next candle to be the Bearish Engulfing Candle to take the short entry as per the trade setup that we have shared here.
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: EURCAD Price Action Analysis – 23rd August 2017
Join The Price Action Club Here…
The post EURCAD Price Action Analysis – 23rd 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…
Join The Price Action Club Here…
EURUSD has been trapped within a horizontal channel on the H4 chart. However, the Daily trend of the pair has been bullish. Recently the pair made some good bullish move towards the North as well. Now it is time for the price to make corrections and to produce a buy signal from a good level of support. By looking at the H4 EURUSD chart, it seems that the pair might produce a buying opportunity. Let us have a look at the H4 EURUSD chart….
See those consecutive two H4 bullish candles. On their way, they broke a level of resistance at 1.17650. The price is having correction now. If the price comes at the breakout level and produces an H4 Bullish Engulfing candle, then buying the pair would get us some green pips. Let us have a look at the summary of the trade…
Most probably, this trade setup will produce the H4 Bullish Engulfing candle tomorrow. If it does, then it would be easy to take the entry. However, if the signal is produced today, then we have to flip over to the 30M EURUSD chart. There is a bearish Trend line on the 30M chart. That trend line has to be broken and confirmed by the 30M candles if we are to take the entry today. In both cases, H4 Engulfing candle is a must thing to occur though.
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: EURUSD Price Action Analysis – 22nd Aug 2017
Join The Price Action Club Here…
The post EURUSD Price Action Analysis – 22nd Aug 2017 appeared first on Advanced Forex Strategies.
EUR/USD is trading slightly higher in the well-known range at 1.1770, It is some 30 pips above the levels seen earlier in the day. Resistance awaits at 1.1790 and support is at 1.1685, the extremes seen in recent days. Is this the calm before the storm? Markets are not pricing in a deterioration in the [...]
The post EUR/USD ticking higher ahead of crucial moment in Catalonia appeared first on Forex Crunch.
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 has been having a strong bearish trend on the H4 chart. The price has kept making lower lows. The trend looks good to make a new lower low as well. Let us have a look at the H4-GBPNZD chart to find out the trade setup.
GBPNZD Price Action Analysis – 21st Aug 2017
Have a look at the last break at 1.76150. Consecutive three H4 candles made the breakout. Then, the price has been on a correction. The breakout level has already produced a doji candle with long spikes on the both sides. Now we should wait for the pair to produce an H4 Engulfing candle to take a short entry. Let us have a look at the summary of the trade…
If the current H4 candle engulfs the last H4 candle as it has been recommended on this trade setup is good enough to take the short entry. If this one does not be a bearish H4 Engulfing candle, but comes out as a bullish one, then the H4 candle (one after that) has to engulf the current H4 candles. This means we would even have a stronger trend if the reversal H4 candle is produced on the candle one that includes the New York open. Then the price might go further down than our take profit level. However, it would be better to set the take profit at the same level that we have recommended here in both cases.
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 – 21st Aug 2017
Join The Price Action Club Here…
The post GBPNZD Price Action Analysis – 21st Aug 2017 appeared first on Advanced Forex Strategies.