Forex Trading Signals (PRICE ACTION TRADING SIGNALS)

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UPDATED FOR WEEK OF: Β JAN 16- 20 2017

 

7 Forex Trading Signals For Jan 16Β – 20 2017

As we roll into the change of power in the U.S., markets are a little erratic and again hits home the importance of having your trading plan in full working mode and a plan for each trade including where you will enter, exit and how you will manage your trade. Β Take caution this week!

A few of the charts from last week played out in a manner that would have allowed you to manage the trade.

AUDNZD broke from the noted zone and rallied for 80+ pips and now retracing. It has broken to the upside from a downward trend line that began in Oct of 2016. You may still choose to monitor the price action.

CADJPY was a wonderful short after an obvious failure to gain upside momentum. Engulfing candle sent this pair dropping 120 pips before coming to a brief halt.

NZDUSD continued the march to the upper trendline target for about 100 pips

USDCAD gave no indication of upside momentum and broke to the downside. A reversal candle failed to drive price back above our demand line. Monitor this trade for downside momentum and target of 1.2940 if you can find an entry.

Remember…we are looking for probabilities…not forecasting.

 

AUDNZD DAILY CHART

AUDNZD daily forex

AUDNZD DAILY CHART

 

AUDUSD DAILY CHART

AUDUSD DAILY FOREX

AUDUSD DAILY CHART

 

CADJPY 4 HOUR CHART

CADJPY FOUR HOUR CHART

CADJPY FOUR HOUR CHART

 

EURUSD DAILY CHART

EURUSD DAILY CHART

EURUSD DAILY CHART

 

GBPJPY DAILY CHART

GBPJPY DAILY CHART

GBPJPY DAILY CHART

 

READ  Stop Loss Placement Options For Price Action Forex Signals

NZDCHF DAILY CHART

NZDCHF DAILY CHART

NZDCHF DAILY CHART

 

NZDUSD DAILY CHART

NZDUSD DAILY CHART

NZDUSD DAILY CHART

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