7 Free Forex Trading Signals For Aug 28 – Sept 1 2017
How Did These Setups Play Out?
AUDCHF – Late week break out end of week but reversal candlestick on Tuesday gave us entry to 84 pips
AUDJPY – Tough price action to trade
AUDJPY – We trade what we see. Support held with strong reversal candlestick. Break of reversal candlestick entry and 150 pips up for grabs
CHFJPY – Upside pop happened with max of 85 pips
EURCHF – Not attractive price action but there was upside of about 60 pips
EURUSD – Failure test setup at highs played out for 120 pips
GBPCHF – Price tests – and rejects – at support once again for 140 pips
Is it a coincidence that one week we get great moves and then the next week, the cycle has shifted?
No. Not a coincidence.
After big jumps (big being subjective) price (traders) take time to digest the move that happens and we see limited price range.
The previous week, we had over 1300 pips in potential trades. Signals for Aug 21–25? 220 pips.
That is why you can never be lazy in trading but some traders use Forex Trendy to trade similar patterns although you must learn price action as taught in my course. Many traders will tell you that it’s a handful of trades that make their year. Always be looking……