[FOREX TIP] GBPCAD Price Action Analysis – 27th July 2017

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GBPCAD Price Action Analysis – 27th July 2017

GBPCAD has been having a strong bearish trend on the Daily chart. The price has been choppy on the H4 and H1 chart. However, today’s price action suggests that the price might head towards the South if we have a breakout on the downside. Let us have a look at the H1 GBPCAD chart…

GBPCAD Price Action Analysis – 27th July 2017

Have a look at the resistance zone. So far, the level of 1.63460 has been the resistance level, but the price might go further up to 1.63580. It does not matter from which level out of these two, but as long as we get a breakout at 1.63050, then an H1 reversal candle right at that level, then selling the pair would get us some green pips later today. Let us have a look at the summary of the trade…

• Sell Stop Order: 1.63050
• Stop Loss Level: 1.63600
• Take Profit Target: 1.62400
• 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

Last night’s FOMC minute gave the USD another big shake. Today the USD pairs have to encounter another high impact news event at 12.30 GMT. Thus, traders should be careful for taking entries on USD pairs before the news event today. It would be best for the traders that they take entries after today’s news event. If the signal (today’s GBPCAD trade setup) comes before the news event, then it should come at least 2 hours before the news event takes place since the CAD is highly correlated with the USD.

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[FOREX TIP] USDJPY Price Action Analysis – 26th July 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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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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USDJPY Price Action Analysis – 26th July 2017

USDJPY has been having a long downward correction on the H4 chart. The price has been within a down trending channel. However, the channel got broken. Yesterday’s daily candle has come out as a good-looking bullish candle, which engulfed the previous daily candle. Thus, eying to take a long entry on the pair might get us some green pips today. Let us have a look at the H4-USDJPY chart…

USDJPY Price Action Analysis – 26th July 2017

See that the pair has been uptrending after breaking the down trending line. The price got a rejection from 112.080 and the level of 111.800 has the potential to be a level of support. If 111.800 level is held and we get a breakout at 112. 080, then buying the pair should get us some green pips. Let us have a look at the summary of the trade…

• Buy Stop Order: 112.100
• Stop Loss Level: 111.800
• Take Profit Target: 112.500
• 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

Here the H4 chart suggests that the price was in downtrend. However, if you have a look at the Daily chart, then you will see that the price had been on a correction. The H4 downtrend line got broken as well. Thus, it would be a better idea to wait for a buy signal here. What I mean to say is the Daily chart has the upper hand over the H4 chart. Moreover, last trading day’s candle plays an important role too. We need to consider these things on a chart before taking any entry.

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We hope that you enjoy our Free Forex Trading Signal today: EURGBP Price Action Analysis – 25th July 2017

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[FOREX TIP] EURGBP Price Action Analysis – 25th July 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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EURGBP Price Action Analysis – 25th July 2017

EURGBP has been on a buy trend on the Daily and the H4 chart. The price has been on correction on the short time frame. However, today’s price action suggests that the price might have found its support level. Thus, if we get a breakout towards the upside, then the pair might offer us a long entry with excellent risk and reward ratio. Let us have a look at the H1 EURGBP chart…

EURGBP Price Action Analysis – 25th July 2017

See the corrective wave after some strong bullish momentum on the H1 chart. The level of 0.89300 has shown the potential to be a level of support so far. If the level drives the price towards the North and makes a breakout at 0.89550, then the pair might head towards the North to make new higher high.

• Buy Stop Order: 0.89550
• Stop Loss Level: 0.89100
• Take Profit Target: 0.90200
• 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

For the last 5/6 weeks, most of the pairs have been choppy. The pairs that were having trend, they mainly moved according to the short time frames such as H1, M30 and M15 etc. I mean to say short time frames offered more entries than the time frames such as the H4 or the Daily chart. This means when the pairs start squeezing, we might have to move to short time frames for taking entry. Switching time frame is not easy; it does need a lot of practice. As a trader, we make sure that we do the practice for switching time frame on our demo account first.

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 – 25th July 2017

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