September 6th – Three Trade Ideas for the U.S. Session!
Arslan Butt • 1 min read
The financial markets are trading calmly, with very little volatility and trading volume. Perhaps the investors are awaiting the New York session to jump in the market. Aside from trade setups in forex and commodities, I'm seeing nice trades in indices as well. Check it out…
Three Trade Ideas
Nikkei – In my previous update, I wrote about a pending order (buy limit) on the Nikkei at $19320 in order to target 19600 this week. I'm sticking with the same plan with a stop loss at $19200.
DAX – German index is trading in a narrow range of $12060 – $12200. We can benefit from choppy trading by entering a buy above $12060 with a stop at $12040 to target $12150.
On the flip side, we can sell below $12190 with a stop above $12220 and take profit at $12080.
S&P 500// SPX – It's a good buy at $2450 with a stop below $2441 and a take profit at $2470.
Lastly, investors are advised to keep a close check on Canadian currency pairs as the Bank of Canada is expected to release a monetary policy decision at 14:00 (GMT).