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!

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

Comments

0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers