September 25th: Top Major Trade Setups For U.S. Session
Arslan Butt • 1 min read
The liquidity remained thin during the Asian and European sessions as there wasn’t much on the docket today. Even so, our trading signal on Gold did an exceptional job and helped us start the week with green pips. Now, there are some hot setups which need our attention. Let's check out.
Nikkei // JPN225 – The Japanese Index is trading with a neutral sentiment, and it can give us an opportunity of choppy trading. For instance, the idea is to stay in sell below $20,450 as it's a crucial level. The stop should be above $20,500 whereas I'm targeting $20,330.
S&P 500 // SPX – Overall, the U.S. index is trading bullish with a good support at $2,497. Hence, taking a buy position above this level seems rational. The stop should be below. It's time to try a sell position below $2,505 with a stop above $2,493 and to target $2,505.
DAX // German 30 – Our trading signal on DAX is tossing in profit and loss. We entered a sell below $12,615 with a stop above $12,655 and a target above $12,580. Traders, as the volatility is low since it's Monday, it will be nice to move stops and breakeven and close partial positions once DAX shows some profit.
Good luck, and keep following the FX Leaders Risk Management Strategies to maximize the potential of profitability.