9 Free Forex Trading Signals For July 24 – July 28 2017
How Did These Play Out? Over 1300 potential pips!
AUDCHF – Setup compared previous pullbacks and the signal one was in line with previous. Entry on break of Monday high = 220 pips potential as price slammed into Feb 15 highs.
AUDJPY – Pullback terminated similar in distance to previous. Entry on Monday break, 114 pips potential
CADCHF – Bottomed at support shown on chart. Break on Sunday high for entry = 230 pips potential
CHFJPY – Was partial for downside as stated on setup chart. Bear flag broke but entry is upthrust on July 25 that breached flag highs and rejected. Standard entry at break of low 25th lows for 280 pips potential.
EURCAD – Consolidated for the week.
GBPAUD – Consolidated for the week.
GBPCHF – Said we were at inflection point and needed basing for more upside. Price regained trendline and formed inside day on Monday = consolidation. Break of Monday high for potential 400 pips. Fib target of 1.272 hit to the pip!
GBPJPY – Setup needed no words on chart. Simple trend line holding or failing trade. Held for 150 pip potential.
NZDUSD – As mentioned on set up chart…push above highs and failure test. Short Thursday low and you either took a small loss when there was no continuation OR you are sitting in trade with stop above Thursday high. – 50 pips
Price action, measured moves, reactionary trading…all played out last week giving 575 potential pips. It all depends on how you trade these setups and your overall trading experience. Everybody will trade these slightly different.
I talk a little about lower time frames. For swing trading…you want the higher time frame moves without getting kicked out from the lower price action. You can however get a more detailed look at price action on lower time frames if you suspect something is happening on the daily charts.
Full details from last weeks free FX signals can be found here.
