NZDUSD seems to keep making higher high on the 4HR chart. The pair looks good to go towards north. Let us have a look at the NZDUSD H4 chart.
NZDUSD Free Forex Trading Signals – 25th Jan 2017
As we can see on the H4 chart of NZDUSD, the price has been making higher high. The level of 0.72200 did try to be a strong level of resistance. However, it has been breached by the price. Now the level has the potential to act as a strong level of support. If 0.72200 produces a H4 engulfing candle and we get 1HR break later, then taking long entries on NZDUSD would be a good option. There is a huge space for the price to go. The level of 0.73800 should be easily reachable if things go according to this calculation.
Let us have a look at the summary of the trade:
Buy Stop Order: 0.72750
Stop loss Level: Below 0.72200
Take profit: 0.73800
Our signals are based on Limit or Stop order. To get the best result, we should set our limit order to be executed after getting a reversal candle and a breakout. Here we have to wait for an H4 reversal candle and then a breakout. This means we should wait for them to happen first. Once we see them, then we might as well set our order to be executed. We need to be patient here. Traders often search for the Holy Grail. I tell what that Holy Grail is. Yes, it is the virtue of being patient. To be successful in the Forex market, we have to be patient and there is no alternative to that.
Comment below if you have questions on this trade and please let us know if you made money if this trade signal. Good luck!
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: NZDUSD Free Forex Trading Signals – 25th Jan 2017
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