Daily Forex Trade Analysis & Chart Analysis by ZR Traders –23th September, 2020

Daily Forex Trade Analysis & Chart Analysis by ZR Traders –23th September, 2020

Daily Forex Trade Analysis & Chart Analysis by ZR Traders –23th September, 2020

AUDUSD (Spot) – Bulish trend after pull back to support.

Short Term Trend: Bullish

Buy Entry Point 0.7110  TP1 0.7155 TP2  0.7185  TP3   0.7210 SL  0.7192

Short Term Key Levels: 0.6560, 0.6670, 0.6970, 0.7050-60 area, 0.7200.

Potential Trade Idea: We will consider trading long after a retracement, and after a price action buy signal on the 4 hour or daily chart timeframe to confirm an entry, whilst prices remain above the 0.7050-60 key support area, in anticipation of a continuation higher towards 0.7395.

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

USDCAD (Spot) – Looking to buy on weakness whilst the 1.3307-1.3345 support area holds.

Short Term Trend: Bullish

Buy Entry Point 1.3307  TP1 1.3323 TP2  1.3345  SL  1.3293

 

Price Action Signals: Price moved up from a Bullish Pin Bar that formed last week right above the 1.3307-1.3345 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 1.3307-1.3345 support area,

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

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