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