A couple of charts and a handful of trade ideas for those who are interested in trading Forex.
The system involves daily pivot points.
The data on charts is determined by what price did.
Trading is mostly reactive.
The most profitable traders are very good risk managers, not future predictors.
EURUSD 28 AUG 2018
Long positions above 1.1655
Key levels to target on the upside: 1.1685, 1.1716, 1.1735, 1.1754, 1.1815
Look for reversal signs inside the area 1.1735 – 1.1754
Projected high of the day: 1.1740
Short positions below 1.1655
Key levels to target on the downside: 1.1636, 1.1617, 1.1586, 1.1556, 1.1517
Look for reversal signs inside the area 1.1586 – 1.1556
Projected low of the day: 1.1618
GBPUSD 28 AUG 2018
Long positions above 1.2873
Key levels to target on the upside: 1.2895, 1.2918, 1.2931, 1.2945, 1.2990
Look for reversal signs inside the area 1.2931 – 1.2945
Projected high of the day: 1.2945
Short positions below 1.2873
Key levels to target on the downside: 1.2859, 1.2846, 1.2823, 1.2801, 1.2774
Look for reversal signs inside the area 1.2823 – 1.2801
Projected low of the day: 1.2817
USDJPY 28 AUG 2018
Long positions above 111.114
Key levels to target on the upside: 111.205, 111.296, 111.411, 111.526, 111.708
Look for reversal signs inside the area 111.411 – 111.526
Projected high of the day: 111.659
Short positions below 111.114
Key levels to target on the downside: 110.999, 110.884, 110.793, 110.702, 110.472
Look for reversal signs inside the area 110.793 – 110.702
Projected low of the day: 110.685
TRADE WELL !
