Dec. 7 – Top Trade Setups For The U.S. Session! - Forex News by FX Leaders

Dec. 7 – Top Trade Setups For The U.S. Session!

Posted Thursday, December 7, 2017 by
Arslan Butt • 1 min read

Good afternoon, traders. The liquidity remained low during Asian & European sessions, but I’m excited about the US session. Are you guys ready for US jobless claims?

Gold// XAUUSD – Our forex trading signal on Gold is doing well, and we need just need to move stops at the breakeven level of $1,258. It’s about to hit Tp at $1,254. Later, we can take a buy position above $1,248 and $1,250 to target 50 -60 green pips.

Nikkei – The Japanese Index is trading bullish and it’s very likely to target $22,660. Fellas, the further movement is depending upon Japanese GDP date which is due to be released at 23:50 (GMT) today.  However, $22,660 is a nice level to enter a sell position with a target of $22,500.

S&P 500 // SPX – The U.S. stock index placed a high of $2,554.88 and missed our take profit by few pips. Now it’s trading at $2,552 with a support at $2550. Taking a buy position above this levels seems to be a good idea. The stop should be below $2545 with a target of the target $2525.

GBPJPY – Guppy has a really strong resistance at $151.500. I’m placing my sell limit here to target $150.750. Once again, bear in mind the Japanese GDP later today.

Good luck fellas, stay tuned for more updates and exciting forex trading signals.

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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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