Four Quick Trade Setups – U.S. Session in Focus! - Forex News by FX Leaders

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

Posted Thursday, August 31, 2017 by
Arslan Butt • 1 min read

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/JPY – The 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!

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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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