6 Free Forex Trading Signals For Aug 21 – Aug 25 2017
How did these turn out? – Recap
CHFJPY – Resolution came this week to the upside although not convincing.
EURCHF – Upside came without flush of lows however we did enter the trading week off of a reversal day candlestick. Buy above highs set up 55 pips
EURJPY – Odds were a downside flush of lows and that’s what played out. Buying triggered on Aug 22 for 170 pips.
GBPAUD – Price did nothing but sit at support.
GBPJPY – Long pop trade never happened and was another GBP cross that did nothing
NZDJPY – I was maybe too cautious on this setup but at the time of the analysis, weakness was threatening but wasn’t quite there. I wanted a bigger pullback that never happened especially after the momentum candlestick on Aug 10.
Virtually every chart last week had an obvious playable move using the same techniques covered on the site. Those same types of moves are also covered in these weekly updates so there should be no mystery or surprises for those who visit here every week.
Almost 1300 pips were up for grabs from the free setups I posted. You would not have gotten them all but you only need one or two plays to make money. Remember, it’s not how often you trade but how big your position sizing is when you do trade that really matters. Some traders will scalp Forex with Infinity Scalper as well
Shout out to Chris who played the USDCAD chart like a pro!