Daily Forex Analysis 28 AUG 2018

in trading •  8 months ago

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.

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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 !



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