Four Quick Trade Setups – U.S. Session in Focus!

Our Forex Trading Signal on DAX performed well. But the market hasn't experienced much volatility since then as most of the traders are sta


Our Forex Trading Signal on DAX performed well. But the market hasn't experienced much volatility since then as most of the traders are staying out of the markets before the release of non-farm payroll tomorrow on Friday. Nevertheless, I have some exciting trade setups for you guys. Take a look…

 

Nikkei – I have my sell limit on Nikkei at $19800, the idea is to target retracement until $19550 with a minor stop above $19850.

 

GBP/CHF – The pair is overbought and signaling a selling bias now. We can try to sell below $1.2455 with a target of  $1.2370 and a stop loss of $1.2485.

 

WTI Crude Oil – It's trading in a narrow range of $45.60 – $46.60, we can try selling at the top with a minor stop at $46.80 and buying at $45.60 with a target of $46.60.

 

USD/JPYThe Japanese Yen is finding strong resistance at 110.890. That's the level where we can risk to sell with a stop above at $111.10 and take profit at $110.250.

 

Fellows, we are approaching the U.S. session and expecting a couple of high impact economic releases. Make sure to follow stick money management. Good luck!

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers