14 Free Forex Trading Signals For Sept 25 – Sept 29 2017
How did these setups work out?
AUDCHF – Price broke downside from the trend line in the context of an uptrend using price action. Traders that trade trend line breaks could have picked up 60.
AUDJPY – Nothing positive about the price action in this pair.
AUDNZ – Support held but no price action entry. Price bounced and started coming back to support.
CADJPY – Price continued to range
EURCAD – Downside pop from range for 140
EURGBP – Zero price action
EURJPY – Price is still bullish but no follow through to upside as desired for long trade
EURUSD – Slow downside move but overall uptrend. No position.
GBPCAD – Price continued it’s consolidation after momentum.
GBPCHF – I gave the possibility of pop back down under resistance. That’s what happened.
GBPJPY – Consolidation after momentum move
GBPUSD – Wrote that a failure test and breakdown would be decent for a short. Treated Sept 20 candlestick as test of highs and break of support, 1.3450, the shorting zone. 110 pips
NZDCAD – Shorts were in play but no pattern to trade of off.
USDCAD – USD continues strength against CAD so no shorts and short term trend could be switching upside.
Our setups look good last update and there were some decent moves in a few pairs. The others mostly consolidated or weak price action that didn’t give a hint of a big imbalance in bulls or bears. 580 pips played out and given the week before, a slower week was expected.
I was asked in a comment about day trading. You can use these setups as context and then lower time frames to take day trades. A good example this week was EURJPY especially on Monday, Tuesday, and Friday.