Daily Forex Trade Analysis & Chart Analysis by ZR Traders –6 Octorber, 2020

Daily Forex Trade Analysis & Chart Analysis by ZR Traders –6 Octorber, 2020

NOTE – You can trade Spot AUDUSD via the preferred trading platform we use HERE..

GBPUSD (Spot) 

Short Term Trend: Selling.

Short Term Key Levels: TP1 1.2928 TP 1.2900 SL 1.2975

Price Action Signals: Price moved up from a Bearish Trend for short time that formed at the 1.2928 level

Potential Trade Idea: We will consider trading long after a price retracement and after a price action buy signal on the daily chart timeframe to confirm an entry, whilst prices hold above the 1.2640 t0 1.2810 key support area, in anticipation of a bounce higher back towards the 1.3180 level.

NOTE –You can trade Spot GBPUSD via the preferred trading platform LIVE CLICK HERE LIVE...

USDCHF (Spot) – Looking to buy on weakness whilst the 0.9181- 0.9125 support area holds.

Short Term Trend: Bullish

Buy Entry Point 1.3307  TP1 0.9175 TP2  0.9190  SL  0.9125

 

Price Action Signals: Price moved up from a Bullish Pin Bar that formed last week right above the 0.9181- 0.9125 support level.

Potential Trade Idea: We will continue to consider trading long after a price retracement, and after a price action buy signal on the 1 hour or daily chart timeframe to confirm an entry, whilst prices remain above the 0.9181- 0.9125 support area,

NOTE – You can trade Spot AUDUSD via the preferred trading platform we use HERE..

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