Tuesday, October 17, 2017

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Oct. 12 - Top Trade Setups For The U.S. Session!

Author: Arslan Butt, Commodities & Indices Analyst/Thursday, October 12, 2017/Categories: Live Market Updates

Traders, we are experiencing a lack of volatility as most of the high impact economic events are coming out during the New York trading session. Let's check out quick trade setups ...

 

Nikkei - Just like the U.S. indices, the Japanese stock market is trading in a bullish mode. Therefore, the idea is to stay bullish above $20,925 as it's a crucial level. The stop should be above $20,880 whereas I'm targeting $21,000.

 

S&P 500 // SPX - Since the U.S. index is trading bullish and has a good support at $2,550, taking a buy position above this level seems to be a good idea. The stop should be below $2,545 with a target of the target $2,525.

 

DAX// German 30 - Our forex trading signal on DAX is still active and tossing in profit and loss. We entered a sell below $12,970 with a stop above $13,050 and a target above $12,875. The volatility has remained very thin this week which is why the DAX isn't able to decide its the trend yet. It will be nice to move stops and break-even and close partial positions once DAX shows some profit.

 

Good luck traders, and keep following the FX Leaders Risk Management Strategies to maximize the potential of profitability.

 

Arslan Butt, Commodities & Indices 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 fxleaders.com Arslan served as a senior analyst in a major brokerage firm.

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