NZDJPY Price Action Analysis – 25th Sept 2017 | Free Forex Trading Signal

NZDJPY Price Action Analysis – 25th Sept 2017

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NZDJPY has been bearish on the H4 chart. Today’s H1 price action suggests that the pair is getting ready to make another move towards the downside. Thus, sellers will keep their eyes on the pair since the pair might offer an entry, which offers an excellent risk and reward ratio. Let us have a look at the H1 NZDJPY chart.

NZDJPY Price Action Analysis – 25th Sept 2017

Have a look at the H1 chart. Today the price has been bearish. The price broke through a level of support at 81.835 and then, continued to go down towards the downside. It seems that the pair might have found a level of support again. If the pair starts having a retracement from here and goes up to the breakout level at 81.835, then an H1 Bearish Engulfing Candle would attract the sellers to sell the pair later today. Let us have a look at the summary of the trade…
  • Sell Limit Order: 81.850
  • Stop Loss Level: 82.200
  • Take Profit Level: 80.100
  • 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

All EUR pairs started today’s trading day with a huge gap. It is because of German election. The traders might have to be patient here to trade on the EURO pairs today and tomorrow because of the Gap. When a pair has a gap, it gets difficult to spot out the potential level of support or resistance as far as H1 or H4 charts are concerned. Thus, traders to trade on the EURO pair might as well be patient to be sure about the level of Support/Resistance until tomorrow

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NZDJPY Price Action Analysis – 25th Sept 2017

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