[FOREX TIP] EURNZD Bearish Shark Harmonic Pattern – 28th August 2018

EURNZD Bearish Shark Harmonic Pattern – 28th August 2018

We have a Completed Bearish Harmonic Bat in EURNZD. This is on a H4 time frame.
Enter into a buy position at D or the price of 1.74600 (or as close as possible to it).
We target to exit at 1.75900.
You can also have a second TP target at about 1.28100 (50%%).

Good luck with the trade.

• Sell Price: 1.74600
• Stop Loss: 1.74900
• Take Profit Target: 1.7400

 

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[FOREX TIP] GBPNZD Price Action Analysis – 28th August 2018

GBPNZD produced a solid Bearish Daily candle day on the last Friday. Yesterday’s Daily candle came out as an Inside bar. This means there is a strong possibility that the pair might head towards the South by giving us a clear direction on the H4 chart. Let us have a look at the H4 GBPNZD chart.

GBPNZD Price Action Analysis – 28th August 2018

The level of 1.92560 is the level of Resistance here. If this level produces an H4 Bearish Engulfing candle, and we get an H1 breakout at the level of 1.91800, then the price has enough room to travel towards the downside. It seems that the price would go towards the level of 1.90600 without having that many pauses. Let us have a look at the summary of the trade…

• Sell Stop Order: 1.91800
• Stop Loss: 1.92560
• Take Profit: 1.90600
• 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

At the moment, the H4 chart does not show a clear trend. It made a Bearish move, and then went for a retracement. If the price makes a breakout at the last lower low today, then we would get a clear Bearish trend on the H4 chart. This means this would be an opportunity to ride early on the trade. Experienced traders usually make most of it by taking out partial profit and they let rest of the trade run as long as they can. We might as well try and do that to maximize our profit. There is a saying “Cut our losses short and let your profit run.”

 

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[FOREX TIP] GBPUSD Bearish Harmonic Bat Pattern – 27th August 2018

GBPUSD Bearish Harmonic Bat Pattern– 27th August 2018

We have a Completed Bearish Harmonic Bat in GBPUSD. Enter into a buy position at D or the price of 1.28900 (or as close as possible to it). We target to exit at 1.75900. You can also have a second TP target at about 1.28100 (50%%). Good luck with the trade.

• Sell Price: 1.28900
• Stop Loss: 1.29400
• Take Profit Target: 1.28400

Want to learn how to trade Harmonic Patterns?

Download Our Free Harmonic Trading Strategy Here

 

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[FOREX TIP] EURNZD Price Action Analysis – 27th August 2018

EURNZD has been heading towards the North on the H4 chart. The price had a long consolidation first and then headed towards the North after making a Double Bottom. Today’s two H4 candles came out as corrective candles. Both of them are held by a significant level of Support though. This means if we get an H4 Bullish Engulfing Candle right from that Support level and afterwards an H1 breakout at last day’s higher high, then the price would continue to head towards the North again. Let us have a look at the H4 EURNZD chart.

EURNZD Price Action Analysis – 27th August 2018

The level of 1.73570 is the level of Support here. If this level produces an H4 Bullish Engulfing Candle and we get an H1 breakout at 1.74220, then the price would go towards the level of 1.75200 without having that many pauses. Let us have a look at the summary of the trade…

• Buy Stop Order: 1.74220
• Stop Loss: 1.73570
• Take Profit: 1.75200
• 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

The distance between the Support and breakout level is quite big. Moreover, there is no big news event today. Thus, the breakout is less likely to take place. However, if it does happen, then it would be an excellent entry. The main reason is there is no High impact news event in the next 24 hours on any of this currency. Let us now patiently wait and see whether the breakout takes place or not. At the end of the day, this is only we could do as a Forex trader before going into action.

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[FOREX TIP] GBPAUD Bullish Cypher Harmonic Pattern – 27th August 2018

GBPAUD Bullish Cypher Trade Signal

We have a Completed Bullish Cypher in GBPAUD. Enter into a buy position at D or the price of 1.75000. We will exit at 1.75900. You can also have a second TP target at about 1.76500 (61.8%). Good luck with the trade.

• Buy Price: 1.75000
• Stop Loss: 1.74200
• Take Profit Target: 1.75900

 

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