.st0{fill:#FFFFFF;}

NZDJPY Price Action Analysis – 18th July 2018 

 July 18, 2018

By  Advanced Strategies

NZDJPY has been having a strong Buy trend on the H4 chart. The price has kept making higher highs. Today’s H4 candles have come out as corrective candles. The price is near a very significant level of Support at the moment. If the Support level is held and it produces an H4 Bullish Engulfing Candle as well as an H1 upward breakout, then buying the pair would get us some green pips later today. Let us have a look at the H4 NZDJPY chart.

NZDJPY Price Action Analysis – 18th July 2018
NZDJPY Price Action Analysis – 18th July 2018

The level of 76.325 is the level, which has the potential to be a strong level of Support. If this level is held and we get an H4 Bullish Engulfing Candle right at the level, then an H1 breakout candle at the level of 76.800 would be the signal to take the long entry. Let us have a look at the summary of the trade…

  • Buy Stop Order: 76.800
  • Stop Loss: 76.325
  • Take Profit: 77.560
  • 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 two reasons that I have chosen this chart to take an entry today.

  1. The trend is strong Bullish.
  2. Yesterday, one of the H4 candles came out as an H4 Bullish Engulfing Candle and made new higher high.

Whenever a trend starts with an Engulfing Candle, it attracts traders to take entries on it. Yes, we still have to wait for another H4 Bullish Engulfing candle and the breakout though. If these two things take place today, there is a 90% chance that the price would make a new higher high today as well.

NZDJPY Price Action Analysis – 18th July 2018


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Your email address will not be published.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