.st0{fill:#FFFFFF;}

Elite Swing Trader NZDJPY – 7th August 2019 

 August 7, 2019

By  Advanced Strategies

NZDJPY has made a downside breakout on the H4 chart today. The sellers may want to wait for a pullback towards the breakout level and an H1 bearish reversal candle to go short on the pair later today. Let us have a look at the H4 NZDJPY chart.

This is another trade idea generated by the Elite Swing Trader.

Elite Swing Trader NZDJPY – 7th August 2019
Elite Swing Trader NZDJPY – 7th August 2019

The H4 chart shows that the level of 68.865 has been breached by that massive H4 bearish candle. The price seems to have started having a pullback as well.  If the price goes up to the breakout level and produces an H1 bearish engulfing candle right at that level, then selling the pair would get us some green pips with a good risk and reward ratio. Let us have a look at the summary of the trade…

  • Sell Limit Order: 68.911
  • Stop Loss: 70.131
  • Take Profit: 67.851

The sellers have to wait for a price correction here. A price correction always has to have less speed than the trend. This means traders must wait for the current H4 candle to be closed and that is to be closed within the breakout level. If the signal comes before the current H4 candle closes, then we might as well not trigger the entry because, within the rest of the hour/hours, the H4 candle closes above the breakout level. It might even end up being an H4 bullish engulfing candle. That would change the whole scenario and make it a void trade setup.

Click Here to learn more about Elite Swing Trader

The Elite Swing Trader Trading Dashboard

With the Indicator, you can now have multiple charts open and wait for the Elite Swing Trader will highlight potential trades to your attention. Of course, without saying, you do not trade every signals. Instead, this is a massive time saver. You decide on the trades to take.

This is a time tested Ever Green Swing trading system. Learn more 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!

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

Advanced Strategies


Your Signature

related posts:


GBP/USD Daily Price Forecast – 28th March 2024


GBP/NZD Daily Price Forecast – 27th March 2024


USD/JPY Daily Price Forecast – 26th March 2024

Leave a Reply:

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Get in touch

Advanced Forex Strategies