GBPNZD Price Action Analysis – 11th Sept 2017 | Free Forex Trading Signal

GBPNZD Price Action Analysis – 11th Sept 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 This post is 1 week delayed and this idea is no longer valid but the lesson is still valid.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…

Join The Price Action Club Here…

GBPNZD Price Action Analysis – 11th Sept 2017

GBPNZD made an excellent bullish move on the H4 chart. On its way, the price made a breakout at a significant level of resistance. If the price produces an H4 reversal candle and makes another breakout then, buying the pair would get us some green pips. Let us have a look at the H4-GBPNZD chart….

GBPNZD Price Action Analysis – 11th Sept 2017

Have a look at those bullish H4 candles and the breakout at 1.81540. The level is being tested now. If the level is held and produces an H4 Engulfing candle, then we should wait for a breakout at 1.82430 to take a long entry. There is a lot of space for the price to travel towards the North. Thus, the setup would attract many buyers to buy upon the breakout. Let us have a look at the summary of the trade…

  • Buy Stop Order: 1.82400
  • Stop Loss Level: 1.81500
  • Take Profit Target: 1.83700
  • 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

As we see that, the recommended support level is being tested heavily. This heavy testing is always good for a trade setup as long as the level is held. I mean to say, we might get a Pinbar or an Engulfing candle from here. If it is a Bullish Engulfing candle breaching the recommended breakout level, then we are to go long right after the Engulfing candle. If it is a Pinbar, we must wait for another H4 candle to make the breakout though. In this case, the setup might get lesser liquidity than the setup with an Engulfing candle.

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.

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!

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
Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments
Do NOT follow this link or you will be banned from the site!

The Powerful AllPips Trend Indicator | 100% Free Download