NZDUSD Price Action Analysis – 4th 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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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…

[thrive_link color=’green’ link=’https://www.forexstrategieswork.com/the-price-action-club/’ target=’_blank’ size=’big’ align=’aligncenter’]Join The Price Action Club Here…[/thrive_link]

NZDUSD Price Action Analysis – 4th July 2017

NZDJPY has been very bullish on the H4 chart. The price has kept making higher highs after having pullbacks. Today’s intraday price action has been bearish. However, if we analyze the H4 chart, then today’s bearish momentum should be counted as a correction. The price is approaching to a good level of support, which has the potential to be held and to produce an H4 reversal candle. If that does happen, then buying the pair would get us some green pips. Let us have a look at the H4 chart…

The chart clearly suggests that the price has been bullish and we should only look for long opportunities here. The price has been having bearish to make correction at the moment. The level of 81.850 might come into the game and play an important role here. The level seems to be a flip over support. If this level produces an H4 Engulfing candle, then buying the pair would get us green pips with excellent risk and reward ratio. Let us have a look at the summary of the trade…

Buy Limit Order: 81.850
Stop Loss Level: 81.200
Take Profit: 83.000
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

Today there is a bank holiday in the US. Thus, I have chosen a pair that is not directly related to the USD. The pairs that are related to the USD might have very less liquidity today. Thus, be careful about taking entries today that are directly related to the USD.

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: NZDUSD Price Action Analysis – 4th July 2017

Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today