Forex Trading Signals Archive

8 Forex Trading Signals For 12-16th December 2016

  • There are 8 forex trading signals/trade setups to watch this week.
  • This will be the last trade setups for this year.
  • The signals will start again on the January 9th-13th January 2017
  • Have A safe 2016 Christmas.

#1: GBPUSD BUY TRADE SETUP/SELL TRADE SETUP

  • if price hits the bottom trendline, look for bullish reversal candlestick to buy.
  • if price hits the upper trendline, look to sell if you see bearish reversal candlesticks

 

forex-trading-signals-121216

#2: EURUSD BUY TRADE SETUP

  • notice the major support level on the weekly timeframe.
  • if price hits that support level, look for bullish reversal candlesticks in the daily, 4hr or 1hr timeframe to buy.

 

forex-trading-signals-eurusd-121216

#3: GBPCHF SELL TRADE SETUP

  • if price hits the upper trendline, look for bearish reversal candlesticks in the daily, 4hr or 1hr timeframe to go short.

forex-trading-signals-gbpchf-121216

#4: GBPJPY SELL TRADE SETUP

  • if price hits the upper trendline, look for bearish reversal candlesticks on the daily, 4hr or 1hr timeframe to sell.

forex-trading-signals-gbpjpy-121216

#5: USDCAD BUY TRADE SETUP

  • notice price is travelling up in an upward channel and now price is heading down to the lower channle trendline.
  • if price touches the lower trendline, look for bullish reversal candlesticks in the daily, 4hr or 1hr timeframe to buy.

forex-trading-signals-usdcad-121216

#6: USDJPY sell trade setup

  • there are two main obvious levels where price can reverse from on usdjpy: the resistance level identified by the yellow circle or the upper trendline.
  • for now, watch that resistance level to sell if a bearish reversal candlestick if formed.
  • note: this is a weekly chart so you need to switch to a much smaller timeframe to take your trade.
READ  Free Forex Trading Signals ARCHIVED

forex-trading-signals-usdjpy-121216

#7: AUDUSD buy trade setup

  • price may go down and hit the rising trendline.
  • switch to 4hr or 1hr timeframe to look for bullish reversal candlestick pattern to buy if price touches that trendline.

forex-trading-signal-audusd-121216

#8: CADCHF SELL TRADE SETUP

  • if you zoom in close on the setup below on the daily timeframe, you will see that price has hit the trendline and moved down at least 30-40 pips already. the breakout of the low of Friday candlestick may see price going down further.
  • you can also switch to a smaller timeframe and look for ย patterns within a pattern to sell

forex-trading-signals-cadchf-121216

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