USDJPY Price Action Analysis – 27th Dec 2018 | Free Forex Trading Signal

USDJPY Price Action Analysis – 27th Dec 2018

USDJPY took a massive bearish ride on the Daily chart. However, the H4 chart shows that it might be the time for the pair to make some bullish move. The price seems to have found a strong level of support from where an H4 bullish engulfing candle has already been produced. Thus, a correction, an H4 bullish engulfing candle and an H1 breakout at the higher high would be the things that USDJPY buyers are going to look for. Let us have a look at the H4 USDJPY chart.

USDJPY Price Action Analysis – 27th Dec 2018

USDJPY Price Action Analysis – 27th Dec 2018`

Highly Reliable MT4 Expert Advisor
Click Here to learn more….

The level of 110.300 is the level of support here. The H4 bullish engulfing candle and the next H4 candle have set a bullish tone here. The level of 111.425 is the level of resistance here and the level of 110.875 is the level which has the potential to be the level of support. If that happens and we get an H4 bullish engulfing candle right on the level, then an H1 breakout at the resistance level would be the signal to take a long entry. Let us have a look at the summary of the trade…

  • Entry: H1 breakout 111.425
  • Stop loss: 110.875
  • Take profit: 112.300
  • 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

Are you still finding it difficult to profit from the market?
If you want help, then click here to learn more…

It is noticed that most of the pairs have been having enough liquidity, but the price is not held or ends up producing a breakout candle. I assume this is a year ending effect. Nevertheless, good thing is the pairs have enough movement even at the very last moment of the year 2018. Let us hope movement continues in the next year as well.

Scan the Entire Market for the Best Price Action Setup


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 

x