Five Trade Setups Worth Watching Today - Forex News by FX Leaders

Five Trade Setups Worth Watching Today

Posted Friday, August 18, 2017 by
Arslan Butt • 1 min read

Happy Friday, traders. Today, the market is likely to offer a good number of trade opportunities.

5 Quick Trade Ideas

Nikkei –  I have my buy limit at $19345 with a stop loss below $19200 and take profit at $19550.

USD/JPY – Buy limit on $109 with a minor stop of $108.750 to target $109.850.

EUR/AUD- Selling it at $1.4875 to target $1.48300 with a stop loss above 1.4895.

DAX – Buy Limit at $5073 with a stop below $5035 and take profit at $50140.

Gold – I'm looking to stay in sell only below $1290 with a stop loss above $1294 to target the $1284.

Fellows, the above trades ideas are merely based on technicals, so any fundamental release can distort the trades. Strict money management is needed and make sure you don't ever risk more than you can afford. Good luck!

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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