6 Free Forex Trading Signals For June 19 – June 23 2017
How did these charts play out?
AUDJPY – Price rejected at trend line and gave 60 pips
EURGBP – Price bounced at our channel and deliverd 79 pips
EURNOK – We had a bounce and 49 pips was the outcome
GBPUSD – Bear flag after momentum move down broke for 120 pips
USDJPY – Setup called for upside and price did break that way but would have been a tough trade to get into.
USDCNY – Price continued its rally and was looking for a short. No trade.
The last week had the FOMC statement, BOJ monetary statement….talk about a slow price action week.
Price made moves but they were 1-2 day bursts and while a potential 365 pips is nothing to sneeze at, it was a difficult trading week.
The summer months are coming quick and if you’ve traded during these times you know to keep expectations low. While there is always the possibility of price pops, it’s not my favorite time of the year to trade. Here is a great article about summer trading that you should read.