7 Forex Trading Signals For FEB 20 – FEB 24 2017
The signals continue to perform and last weeks gave potential for over 300 pips and placement into some potentially bigger moves.
Top down approach (regardless of your Forex trading strategy) can often times give conflicting thoughts. Daily charts may look primed for a big rally yet the weekly and monthly charts may show structure that suggests the opposite.
I try to find the most clear analysis to put on this page. If I have to hunt on a chart for something, it isn’t there. Our brains love to find patterns that don’t truly exist (think of seeing that dog wagging its tail in the clouds in the sky that only YOU can see).
Be sharp and understand what the chart is trying to tell you. You won’t always be right but that is where your stop and active trade management comes itnot play. Your entry is probably one of the least important aspects of your trading.
GBPCAD – I incorrectly labelled this pair as a daily chart but it was the 4 hour chart last week. Short trade played out to swing low target giving well over 100 pips.
CADJPY – Short trade is playing out and is over 100 pips in profit and still going
EURCAD – Short break played out to 100 pips but failed to reach our target but still profitable.
EURUSD – Pulled back to zone indicated on signal chart and has rallied 164 pips from low to high. You would not have gotten all of it but if you were monitoring as the signal stated, you had over 100 pips of opportunity.
NZDCAD – Consolidation still playing out.
USDCHF – No pullback occurred. Price broke out with weakness and collapsed back into the range.
USDJPY – Lack of strength on break.
XAUUSD – Price failed at highs after dropping back as suggested by trading signal.
AUDCHF DAILY CHART
AUDJPY WEEKLY CHART
CADJPY WEEKLY CHART
EURUSD DAILY CHART
GBPJPY DAILY CHART