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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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

EURJPY Price Action Analysis – 20th July 2017

EURJPY has been on up trend on the H4 and the Daily chart. The pair has had some correction on the H4 chart as well. This makes the H1 chart look very choppy. However, considering the H4 chart, the pair might head towards the North if we get a breakout and a pullback. Let us have a look at the H1 EURJPY chart…

Have a look at the support zone where price reacted number of times. The price has been bullish after getting support from that zone as well. If it keeps going and makes a breakout at 129.200, then we should wait for a pullback right on that breakout level to get an H1 bullish reversal candle to take a long entry. Summary of the trade…

• Buy Stop Order: 129.200
• Stop Loss Level: 128.800
• Take Profit Target: 130.000
• 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

June and July are two months when Forex market has less liquidity. This July and the last month of June have been quiet as well. These two months are considered as holiday months since many traders, employees (traders) of banks, hedge farms, financial institutions go away for their holiday. Thus, it is often seen that the market offers less trading opportunities in these two months than the other months. Another thing is intraday charts offer entries whereas charts like H4, and the Daily chart do not offer as many entries as they normally do. Thus, we might have to adjust our trading plan a little in these two months.  

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: EURJPY Price Action Analysis – 20th July 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]