3 Quick Trade Setups In the US Session
Traders, the Asian & European sessions remain in our favor as we made nice profits in DAX and Crude Oil. But the US session...
But the US session will be more fun to trade. Watch out the trade ideas below…
Gold – Completes 50% Retracement
We shorted Gold below $1,345 with a stop above $1,348 with a target of $1,341. At the moment, Gold is floating at 10 pips profit. All we need is to move stop loss at the breakeven point and hold the trade for take profit level.
EUR/JPY – Double Top Pattern
The cross currency pair has reached below 135.100 forming a double top pattern. The idea is to sell below this level to capture quick 30 – 40 pips with a stop above 135.250. Above 135.100, bulls are likely to dominate the market until 135.500 regions.
Nikkei – The Japanese Index
The Japanese stock market index Nikkei appears to hold above 61.8% Fibonacci retracement level of $23,200 level. Investors are advised to focus this level as we may see a pullback until $23,400. Good luck and trade with care!
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