
#ProjectJasper Enters Phase Three Of Testing https://t.co/gLvD2ZJG3o #blockchain #BOC
[MORE]
Wages are up 2.2% y/y in the UK in August, better than expected and with an upwards revision for July which is now 2.2% instead of 2.1%. GBP/USD is a bit higher, hitting 1.32. The UK was expected to report a small rise in the number of jobless claims: 1,000 people in September, after a [...]
The post UK wages rise to 2.2% – GBP/USD follows appeared first on Forex Crunch.
One week ahead of the all-important ECB meeting, President Mario Draghi delivers opening remarks at the ECB conference in Frankfurt. EUR/USD was trading in a narrow range of only 33 pips ahead of the speech, and it seems he is unable to move the needle in the world’s most popular currency pair. Draghi’s opening remarks [...]
The post Draghi does not lift the euro 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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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…
NZDJPY made a strong move towards the North on the H4 charts. On its way, the pair broke a down trending Trend line as well. Thus, it might be the time for the buyers to get ready to buy the pair on a pullback. Let us have a look at the H4 NZDJPY chart….
NZDJPY Price Action Analysis – 8th Sept 2017
If the recommended support level is held and produces an H4 Inside bar; then an H1 candle makes the breakout; there is still a chance (60%) that the price would hit the take profit level. On the other hand, if we get an Engulfing candle breaching through the resistance level at one go, then the chance is about 90% to hit the take profit level. Thus, we do not recommend our traders take an entry on the inside bar. An Engulfing candle does not only get us a better winning ratio, but it gets a good amount of liquidity as well. Thus, a trade setup takes less time to hit the target.
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: EURNZD Price Action Analysis – 6th Sept 2017
Join The Price Action Club Here…
The post NZDJPY Price Action Analysis – 7th Sept 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…
EURNZD has come out from congestion on the H4 chart. The pair produced some good-looking H4 bearish chart. On their way, the price broke an important level of support, which has the potential to be a good level of resistance. If the level is held and produces an H4 Bearish Candle, then selling the pair would get some green pips for the sellers. Let us have a look on the H4 EURNZD chart…
Have a look at those bearish H4 candles. They broke the level of 1.65350 and continued its bearish journey for one more candle. The price then started having correction. If the price goes up to the breakout level again and produces an H4 Engulfing Bearish Candle, then the price might make new lower low as far as the H4 chart is concerned. Let us have a look at the summary of the trade…
The chart suggests that the price has been in a consolidation. However, we are not eyeing on the pair to sell off if the price makes out a breakout from here. If it does make a breakout, the price might make a new lower low, but the risk and reward ratio will not be that lucrative. That is why we are eyeing on the price to go back all the way to the breakout level again and to produce a bearish signal. The risk and reward ratio would surely be very lucrative then.
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: EURNZD Price Action Analysis – 6th Sept 2017
Join The Price Action Club Here…
The post EURNZD Price Action Analysis – 6th Sept 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 some good bearish moves on the H4 chart. The pair broke a massive level of support on its way. Thus, it might be the time for the pair to make another bearish move from the level of Flip over resistance. Let us have a look at the H4 EURCAD chart…
EURCAD Price Action Analysis – 5th Sept 2017
As we see on this chart, the level of 1.47600 got broken and then the price went towards the level to have correction. The price is right at that level now. If the level produces an H4 Bearish Engulfing Candle right from this level, then selling the pair would be rewarding. A thing to remember here is the last candle we have here is a bearish candle as well, but it has a long spike. Thus, we must wait for a good looking bearish candle. Let us have a look at the summary of the trade
Spinning top, Doji, Pin bar, Inside bar and Engulfing all are reversal candles. However, Engulfing candle is the best reversal candle among all of them. Here we have witnessed that as well. The last H4 candle is a spinning top. However, the sellers are not yet confident to sell off the pair. It would have been a different case if that candle were a Bearish Engulfing candle. A good-looking Engulfing candle always attracts more buyers or sellers if it is produced at a value area.
The last release of “Unemployment Data” made most of the pairs move with huge liquidity. Thus, the price has been having long correction on most of the pairs today. Among them, EURGBP’s correction seems to be over. Thus, this pair has been chosen to keep our eyes on to take an entry. The lesson that we have to learn from here is the longer the move, the longer the correction. In many cases, a big correction often changes the trend or makes traders wait longer to be able to take an entry.
Today the USD is going to have one of the biggest news events for a month. Thus, the pair might get into its extreme volatility. Ideally, this setup would need about 6/7 candles to get at the Resistance level and to produce the trading signal. However, it might be different today since “Unemployment Rate” to be declared at 12.30 GMT. Thus, it might not take as long as it would usually take. The worst thing would be if the level is not held because of the extreme volatility. Then, this setup would be a void setup. Whether the level is held or not held, we have to make sure one thing that we wait for the trade signal after the news event hour. This means H4 candle, which ends at 13.00 GMT that should be the signal candle.
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: EURGBP Price Action Analysis – 4th Sept 2017
Join The Price Action Club Here…
The post EURCAD Price Action Analysis – 5th Sept 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…
EURGBP has been bearish on the H1 chart. Today’s price has been bullish so far. However, the price is reacting at a level, where a Down Trending line’s resistance is right there. Moreover, the level has the potential to be a flip over horizontal resistance. This means this could be a dynamic resistance, which always attract more sellers to sell off a pair. Let us have a look at the H1 EURGBP chart.
EURGBP Price Action Analysis – 4th Sept 2017
See the price has been down trending by obeying the Down Trending Trend Line. The level of 0.91950 has been held so far. If this level is held and an Engulfing H1 candle is produced right there, then a breakout at the down side would take the price further down with a good amount of liquidity as far as this trade setup is concerned.
Let us have a look at the summary of the trade
The last release of “Unemployment Data” made most of the pairs move with huge liquidity. Thus, the price has been having long correction on most of the pairs today. Among them, EURGBP’s correction seems to be over. Thus, this pair has been chosen to keep our eyes on to take an entry. The lesson that we have to learn from here is the longer the move, the longer the correction. In many cases, a big correction often changes the trend or makes traders wait longer to be able to take an entry.
Today the USD is going to have one of the biggest news events for a month. Thus, the pair might get into its extreme volatility. Ideally, this setup would need about 6/7 candles to get at the Resistance level and to produce the trading signal. However, it might be different today since “Unemployment Rate” to be declared at 12.30 GMT. Thus, it might not take as long as it would usually take. The worst thing would be if the level is not held because of the extreme volatility. Then, this setup would be a void setup. Whether the level is held or not held, we have to make sure one thing that we wait for the trade signal after the news event hour. This means H4 candle, which ends at 13.00 GMT that should be the signal candle.
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: EURGBP Price Action Analysis – 4th Sept 2017
Join The Price Action Club Here…
The post EURGBP Price Action Analysis – 4th Sept 2017 appeared first on Advanced Forex Strategies.
EUR/USD is stuck in range, in the middle of the 1.17 handle. What’s next? Here are three opinions, which lean towards buying the dips. Here is their view, courtesy of eFXnews: EUR/USD: Where To Buy Dips? – SocGen Societe Generale Cross Asset Strategy Research expects EUR/USD dips-buyers to emerge on further move towards 1.1720 ahead of [...]
The post EUR/USD in a “buy the dips” mode? appeared first on Forex Crunch.