Forex Sell Strategy For August 29, 2016
This is forex sell strategy for the pairs EURUSD, GBPUSD, USDJPY & NZDUSD. This will help the traders to have better trading ideas. This analysis will show the short term market updates for for those pairs mentioned above.
EURUSD Moving Down
The current market for the pair is at 1.1176 area having a bearish move. Short term trading is going on. You can use the following information,
Market price: 1.1176
Trading Action: Sell
Take Profit: 1.1152
Stop Loss: 1.1180
Follow the chart for further clarification.
GBPUSD Possible Drop
It’s a bearish move for the pair. Possibility to go down further.
USDJPY Supply Zone
The market has reached a Daily and H4 supply zone where the market has already reacted to it. The RSI is also showing a sign of price extension. This could be a nice area for a sell opportunity.
NZDUSD Bearish Gartley
This pair is moving up. The sell trader will have to wait for the right moment.