9 Free Forex Trading Signals For July 3 – July 7 2017
How did the setups below play out?
AUDJPY – Price reacted at resistance but a short trading week didn’t get anything moving worth trading on this pair as it went mostly sideways
AUDUSD – Sweet short trade on Monday. You can infer from the daily candle that price pulled back during July 3 and a simple trade is the break of lows or enter at close. 95 pips short trade to lows
EURCHF – Signal wanted to see more upside strength and the pullback on July 5 set up a 56 pips run to the upside breaking previous highs.
EURJPY – Wanted to see renewed strengh and nice momentum candle continued the upside move. Traders may have played break of highs of June 30 giving about 110 pips.
EURSEK – Pullback was drawn on the signal chart and price did exactly that as it pulled back to breakout zone. About 60 pips to the downside.
GBPCHF – Price never broke 1.2527 as was looked for. Bulls were weak and pullback is occuring.
GBPJPY – Price reached higher and depending on entry, you’d be lucky to grab 60 pips.
GBPUSD – Wanted a strong down close (even better if there was upthrust) and got it. 55 pips downside and price is holding on former resistance of previous channel.
USDCAD – Was placed more as a learning tool. Last week saw over a 2% price move. This week ending? 1.2% as price tackles support zones.
Our previous 5 setups from last week had a potential of 780 pips. Even assuming $1 a pip, that still a decent payday at half of the pip potential for traders looking at these setups.
If you are still struggling trading these or even understanding them, you really have to dig into the price action trading course on my site.
I know that some of you even after studying the course are having extreme difficulty. It happens. Some traders need something more mechanical in order to take profits from the market. My friends have offered a free trial to their trade room where you can see what a mechanical system looks like and the profits it can help put into your trading account.
This week watch for holidays on July 3 in Canada and July 4 in United States. NFP comes out on July 7