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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.

Forex Sell Strategy 1

GBPUSD Possible Drop

It’s a bearish move for the pair. Possibility to go down further.

Forex Sell Strategy 2

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.

Forex Sell Strategy 3

NZDUSD Bearish Gartley

This pair is moving up. The sell trader will have to wait for the right moment.

Forex Sell Strategy 4