12 Free Forex Trading Signals For Oct 2 – Oct 6 2017
How did these setups work out?
AUDJPY – Weakness continued and aggressive traders would have traded what turned out to be a bear flag.
AUDUSD – Support is still holding in the pair. Was looking for longs off support but price action was not present for such.
CADJPY – Waiting for pullback to potential support
CHFJPY – Price continued to range
EURCHF – The setup was looking for both sides for trading but price action was weak
EURGBP – Price pattern indicated shorts but failure of any pattern is a trade setup with appropriate price action. 110 pips from Oct 4
EURJPY – Tight consolidation this week
GBPCAD – Basing below resistance is a bullish sign. See the bears play out early in the week leads to support failing trade for 160 pips
GBPJPY – Basing at highs after momentum is generally bullish. Chart developed into a standard trend line break trade short for 270. I wrote about this chart on this blog post.
GBPUSD – Another pattern failure but trade does not setup until the 4th for a short. 200 pips. This trade is actually part of a larger trade on the weekly from a failure test setup that is currently up 400 pips
NZDCHF – Weakness continued with support break for 40 pips
USDCNH – Ranged
Talk about muted price action for the week in our chosen setups. 310 pips maximum were in play but those new to price action trading might have had nothing to trade. Two previous weeks combined was 2300 pips + so we can deal with these slower moving times.
Make sure you read How To Trade The Free Currency Trading Signals before looking at these setups