8 Free Forex Trading Signals For Mar 6 – March 10 2017
USDJPY – Signal playing out. Depending on your trade entry trigger, you could be up 300 pips
NZDSGD – Bounce did not happen from support. Signal indicated to look for bounce at support (you play until it breaks) and astute traders had no problem getting the play to the short side.
USDCHF – Trend line bounce and price held at resistance for a 60 pip play
GBPJPY – Support break and price consolidating (still in play)
AUDCAD – No trigger has no strong break short off resistance (still in play)
CHFJPY – Signal warned not to chase the current break of support and that was sound advice as price pushed back into the range
I always want to look for the cleanest trades because as Forex swing traders, we have the opportunity to make a lot of pips and, depending on your trading account, a lot of money on 1-2 trades. This is why swing trading is the choice of so many people!
It’s a process of finding setups that have, for example, the weekly chart on board with the daily chart. Not so much in terms of trend direction but ensuring the higher time frame charts are not speaking a different story.
Example: Daily chart is setting up a pullback trade long but the weekly chart is showing a climax move from a strong run up in price. This is when you DON’T WANT to go long the daily as the probability of a clean and simple trade are not there.
I hope you are learning a lot from these charts even if you are not taking the trades. There is a lot of education simply tracking the play and comparing the signal notes with how the chart played out. Through that, you can begin to educate yourself at a pretty deep level.
AUDCAD WEEKLY CHART
AUDCHF DAILY CHART
CADJPY DAILY CHART
EURGBP DAILY CHART
GBPCAD DAILY CHART
GBPJPY DAILY CHART
NZDJPY DAILY CHART
USDCAD DAILY CHART