Three Take Profits In A Row – Three Trade Setups Ahead! - Forex News by FX Leaders

Three Take Profits In A Row – Three Trade Setups Ahead!

Posted Monday, September 18, 2017 by
Arslan Butt • 1 min read

Despite the thin trading volume on Monday, our forex trading signal managed close another profitable trade on GBPJPY (45 Pips), along with DAX (30 Pips) and EURUSD (25 Pips). Now let's take a look at top trade setups for the U.S. session.

Nikkei – The forex trading signal on Nikkei is still active. The idea is to stay in sell below $20,070 as it's a crucial level. The stop should be $20,089 whereas I'm targeting $20,028.

S&P 500 // SPX – The U.S. index is trading bullish and now trading in the overbought trading zones. It's time to try a sell position below $2,505 with a stop above $2,508 and to target $2,500.

CADJPY – Likewise, the CADJPY is also trading in the oversold region and can help us secure up to 30 Pips. The idea is to stay in selling below $91.250 with a stop above $91.550 and take profit at $90.80.

Good luck traders and keep following the FX Leaders Risk Management Strategies to maximize the potential of profitability.

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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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