Free Forex Setups Now Published:
Sun Jan 14 2018 – Fri Jan 19 2018
New For 2018: Bitcoin and Alt Currency Charts
I’m now posting Bitcoin and alt currency charts from a swing trading perspective. It is at times difficult to get involved from the daily charts in crypocurrency trading as the continued push upwards give no other alternative but to buy breaks of individual candlesticks. By itself, there is no edge in that approach.
There is an edge in mean reversion and momentum trades and that is where I will continue to focus. As you’ve seen, you can short alt currencies and Bitcoin in the right context but most traders would be better to continue with the trend.
Consolidations on daily charts may see trends you can trade intra-day.
Please don’t ask about brokers. I am in Canada and my broker for crypto trading is https://www.quadrigacx.com/
As always, all of these free Forex and cryptocurrency setups are based on price action, price structure and may result in trading opportunities.
These setups use technical analysis to determine if a chart is setup for a potentiality trade
The signals are setup during the off hours of the market and the setups become live once the markets open on Sunday afternoon (assuming you are in New York). If you have subscribed, you should receive an email letting you know signals are posted by Sunday afternoon.
As they are set up when the market is closed, price may evolve differently than anticipated.
The beauty of price action Forex trading like this is you are not waiting for a lagging technical indicator to flash an entry signals. You can see, in advance, the setup that we are looking to take advantage of.
- We are reactive to price action in these areas
- We do not attempt to forecast although an idea can be helpful
- Don’t get blinded by your opinion
- Price rules
While some of you may choose to scalp or day trade the foreign exchange market with these free setups, please note they are designed for a swing trading approach.
Please be fully aware of your overall “risk appetite” when it comes to your trading account and your Forex broker margin rules.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. This site bears no responsibility for trading results based on trading recommendations described in these analytical reviews. You must understand Bitcoin and cryptocurrency trading in general before trading that market.
You can also visit: How To Trade The Free Currency Trading Signals
9 Free Forex Setups for Sun Jan 14 – Fri Jan 19 2018
NEW: 5 Bitcoin and Alt Currency Charts
Some really exciting moves this week in currencies and a few of the crypo setups. Just over 700 pips in currencies and the crypto setups, while tough to trade on daily charts, lower time frames using the daily context made for some decent gains.
This week Forex setups feature a few JPY crosses. Be very careful with those setups because they are propped up by a strong Yen. That can change as the week begins.
FOREX CHART SETUPS
BITCOIN AND ALT CURRENCY CHARTS