Forex Trading Opportunities For Today - 9/28/2016
Updated
In absence of any long lasting big trend, we need to resort to hit and run kind of strategy to keep the pip count growing. Market is seesawing between the periods of USD strength and weakness on hourly bases, similar to US employment scenario where there are lots of part-time hourly jobs but lack of fulltime high paying jobs. Let's check out few important pairs to find short term trading opportunities.
EUR/USD - We will trade it at either 1.1150 or 1.1250. Everything in between is just noise.
GBP/USD - 1.31 / 1.3150 and 1.2925
AUD/USD - We think this pair could touch 0.8000 in coming sessions but blind trust is very dangerous thing in trading. 0.7645, 0.7600 and 0.7580 are good levels to get few pips from long side.
NZD/USD - Buy it form 0.7240 / 0.7220 and few pips are yours !
Every pair has such levels where you can grab few pips on the go while risking very little.
EUR/USD - We will trade it at either 1.1150 or 1.1250. Everything in between is just noise.
GBP/USD - 1.31 / 1.3150 and 1.2925
AUD/USD - We think this pair could touch 0.8000 in coming sessions but blind trust is very dangerous thing in trading. 0.7645, 0.7600 and 0.7580 are good levels to get few pips from long side.
NZD/USD - Buy it form 0.7240 / 0.7220 and few pips are yours !
Every pair has such levels where you can grab few pips on the go while risking very little.
Trade closed manually
Both AUD/USD and NZD/USD has yielded us total about 25 pips. Enough for the day and time to close it.This is how even during the choppy market you can keep the account ticking if you know the technicals well enough.
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