Lets speak related to international market.
- I am not sure at what level are you in trading domain. Are you a newbie, fresher, experienced or expert. but let me tell you one thing for sure that at whatever level you are.
- We all know home work is essential before attending next class of same subject & for me it is what we learned last week & what trading setups we see on upcoming week.
- This week we will discuss about next week trading opportunities & high probability trading setups.
- Before following any of trading setup please read the Why most trader fails in forex trading and also learn mange risk in trading
- Lets Start about today’s setups
GBP/USD Bearish Engulfing Forex Trading Tips/Signals
- As you see in the above figure the currency pair GBPUSD has formed bearish engulfing on weekly chart
- It has already covered the trading target & it got rejection from resistance level at about 1.6260
- So it highly probable that it will continue bearish trend & we could see the TP1 and TP2 targets achieved.
- It has to see now as US shutdown is continue and major player did profit booking. So be careful and trade with less risk, until us govt is not clear with shutdown decision.
USD/CHF Pin Bar Forex Trading Tips/Signals
- USD CHF forex trading tips , it is easy to understand here. the USDCHF has crossed trading line, which confirms downtrend and then this week it has formed pin bar from support level, so it looks like it will reach to TP1 level and then probably it will again continue with bearish trend.
- We will have to look for US shutdown decision which is still prolong and not coming to proper conclusion.
Regarding Indian currency forex trading tips
USDINR => is ranging and it is expected by month end it would be about 58.00 other wise we would see new peaks in USDINR level.
EURINR => it is also with in range & now it is buy signal and expected to continue for long time
JPYINR => it is raining between 64.00 to 62.00 not a good time to trade it right now. We will have to wait for breakout from this position and then trade accordingly.
- All those who have decided OR Want to change their living, Want to be financially free using Currency/Forex Trading Concept.
- This is the best place in the world to start making Money.
- Your own choice of Yes and No will make your Destiny!! Take time and understand What you really want from the life? And what all you are missing from your life.
If you liked the information on forex trading tips in India, please share it & comment on it below.13-Oct-2013
GBPUSD: We Are still in trade & it is going as expected => pinned here . On daily chart it is touching the trade line, so we have to look on Monday & Tuesday. If we consider that this Trading line as support then we have to comeout of this trade by observing Monday and Tuesday candle clouser.
USDCHF: We are going good here => See here
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