3 Quick Trade Setups In the US Session - Forex News by FX Leaders

3 Quick Trade Setups In the US Session

Posted Tuesday, January 30, 2018 by
Arslan Butt • 1 min read

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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