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Thursday, September 26, 2019

[FOREX TIP] Free Forex Trade Signals EURNZD – 27th Sept 2019

EURNZD produced a strong bearish daily candle yesterday. On the H4 chart, the price started having a correction as well. Today’s intraday price action has been choppy. However, a level of resistance has still been held. If the level produces an H4 bearish engulfing candle, an H1 breakout at yesterday’s lowest low would be the signal to go short on the pair. Let us have a look at the H4 EURNZD chart.

This trade idea was generated by our powerful Elite Swing Trader System.

Free Forex Trade Signals EURUSD – 26th Sept 2019

Free Forex Trade Signals EURUSD – 26th Sept 2019

Yesterday the price came up to the level of 1.72915 and started having an upward correction. The level of 1.73745 has been held which was a level of support earlier. The level already produced an Inverted Hammer. If the level produces an H4 bearish engulfing candle followed by an H1 candle breaching through the level where it had a bounce from, then the price would head towards the South at a good pace. Let us have a look at the summary of the trade…

  • Entry: H1 breakout at the level of 1.72915
  • Stop Loss: Above 1.73745
  • Take Profit: 1.71000

The current H4 candle may not be the H4 bearish reversal candle that we are to wait for. One includes the London open that maybe the H4 bearish reversal candle we are waiting for. Thus, the pair may not have enough time to reach the target since it is Friday. If it hits the Take Profit, it is fine. Otherwise, we shall come out with a profit or loss before the market closes today. We are on the last Friday of September. Some pairs may start with gaps next week.

 

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The post Free Forex Trade Signals EURNZD – 27th Sept 2019 appeared first on Advanced Forex Strategies.



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[FOREX TIP] Free Forex Trade Signals EURUSD – 26th Sept 2019

EURUSD produced a massive bearish candle yesterday. The daily candle closed at a support level where the price had a bounce twice earlier. However, H4 price action suggests that the price has been on a correction. Today’s first two H4 candles came out as bearish candles, but a Fibonacci level has been held by the price as a resistance. If the level produces an H4 bearish engulfing candle followed by an H1 breakout at yesterday’s lowest low, we may get an opportunity to sell the pair and grab some green pips.  Let us have a look at the H4 EURUSD chart.

This trade idea was generated by our powerful Elite Swing Trader System.

Free Forex Trade Signals EURUSD – 26th Sept 2019

Free Forex Trade Signals EURUSD – 26th Sept 2019

The price had a bounce at the level of 1.09370 and went up to the level of 1.09645. It is a flip-over resistance as well as a Fibonacci level. If the level keeps holding the price and produces an H4 bearish engulfing candle, then an H1 breakout at the level of 1.09370 would be the signal to sell the pair. Let us have a look at the summary of the trade…

  • Entry: H1 breakout at 1.09370Stop Loss: Above 1.09645

Take Profit: 1.08900

Tip of the Day: The EURO has a high impact news event called “ECB President Draghi Speaks” at GMT 14.30 today. It could create extreme volatility even on the daily chart. Thus, it would be best if the signal comes after the news event. On the other hand, if the signal comes before the news event, we might as well skip taking the entry. Let us patiently wait and see how it ends.

For more trade ideas, join the Price Action Society

http://www.priceactionsociety.com

 

If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
click here to learn more about the Price Action Society.

The post Free Forex Trade Signals EURUSD – 26th Sept 2019 appeared first on Advanced Forex Strategies.



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