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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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] EURAUD broke a significant level of support and produced some good-looking bearish H4 candles yesterday. The price has been on a correction so far today. However, the price is right there where the breakout level is. This means if the level is held and the pair produces an H4 Bearish Engulfing Candle right at that level, then selling the pair would get us some green pips. Let us have a look at the H4-EURAUD chart…

Have a look at those H4 bearish candles. The price breached through the level of 1.48750, which was a support level where price got bounced number of times. The breakout candle and overall selling pressure is good as well. Now what sellers have to wait for here is an H4 Bearish Engulfing Candle to take a sell entry. Let us have a look at the summary of the trade…

• Sell Limit Order: 1.48750
• Stop Loss Level: 1.49500
• Take Profit Target: 1.47500
• 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

The current candle might not be the Engulfing candle that we are aiming for. As far as I am concerned, it might come out as a Doji candle or a bearish candle with a short body. Thus, we must keep our eyes on the chart once the current H4 candle finishes. If it is an Engulfing bearish candle, we take our sell entry. If it is not, then we wait for the next one to take the entry. If we get an inside bar (bearish), we had better avoid taking the entry. 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 [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]