CADJPY Price Action Analysis – 22nd Sept 2017

Close
Close
Print Friendly, PDF & Email

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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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…


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!

XM Broker

TickMill

We use both of these brokers and proudly promote them!


CADJPY has been trapped within an uptrending channel. The price is right at a support level of that channel. Thus, it might be the time for the buyers to get ready to start buying the pair after a good bullish H4 signal. Let us have a look at the H4 CADJPY channel… Have a look at the H4 chart. The level of 90.615 has the potential to be a strong level of support since it is a mixed of horizontal and channel support. Now what buyers have to wait here for is a good bullish H4 candle to start buying the pair.

CADJPY Price Action Analysis – 22nd Sept 2017


Thank you for your readership. We are truly grateful!

Hope that you like the strategies that we share.
If you like the strategies here, you will absolutely
love our latest strategy...

The MorningPips Trading System

The aim of Morningpips is to finish trading by the morning.
Simple as that... Check it out!


If the pair produces an H4 Bullish Engulfing Candle, then wait for a little correction on the H1 chart. Once there is an H1 Bullish candle is produced, and then buy the pair. Most probably, that H1 Bullish candle will be produced at 91.250. Let us have a look at the summary of the trade

  • Buy Stop Order: 91.250
  • Stop Loss Level: 90.615
  • Take Profit: 92.315
  • 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

There are some high impact news events about the CAD today at 12.30 GMT. Thus, it would be best if the buying signal comes after the news event. If the price makes the breakout during the news event, but takes too long to produce the signal, then we might as well not take the entry today since it is Friday today. Nevertheless, we might get another chance to take the entry on the next Monday.

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 – 20th Sept 2017

Join The Price Action Club Here…

 




Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments

Download Our Sniper Trader Trend Following System

x