This is a forex trading signal alert on NZDUSD Currency Pair on based on the 4hr Timeframe:
Sell if you see a bearish reversal candlestick pattern. Try to switch back and forth between 4h and 1hr and even down to much smaller timeframes like 15min or 5min min timeframe to see if you can get a better trade entry.
TRADE UPDATE 11th DEC 2014:
Ok, guys, if you’ve seen the forex trading signal alert on the NZD posted above, and have been waiting to short the NZDUSD, you’ll be in some good profits by now:
Now, lets zoom into the 5min time and see what happened there:
Bookmark this site..I’ll continue to post what I think are high probability forex trading signals for you that will be happening across the currency pairs. These forex trading signals are generated by price action. I just use my eyes, sorry, no indicators.
TRADE UPDATE 12th DEC 2014:
TRADE UPDATE: 15TH DEC 2014
Traders, this is the latest update of the trade above and how its progressing…I’ve locked 75pips already. The upward trendline is currently appearing to provide support at the moment and it may go up and hit my trailing stop loss. If price breaks it, I expect a more downward movement. The floating profits for this trade at the moment is 110 pips. This is an a very good example of really good trading setups with low risk-high reward potential happening right before your eyes. Study and learn.
This is how the trade looks in 1hr timeframe. Notice the current price action on the upward trendline?
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