Trading Plan for the next week 24 - 28 September

Trading Plan for the next week 24 - 28 September

Yuriy Bishko Trader and author Telegram Channel @ForexLegion

EUR/USD

Currency rate broke up key level 1.1733. The price bounced several times from it and daily candle close upper it. For me it's a signal that big players want to move up EURO.

EUR/USD, Daily Chart

I will look for a long entry near 1.1733 if the price will show fake broke. The price has priority for a long.


Short we will be able to open if the price will break down 1.1733 and H4 — D1 candle close under it. Take a look on the chart below.

EUR/USD, Short Scenario


Silver (XAG/USD)

  1. Long-term trend is bearish. The safest entries is to continue of the down move.
  2. The price bounced many times from that key level $14.39 it shows that big players has their interests near that level.
  3. Exchange rate made a fake broke. It gives to me low, predictable S/L. Potential profit in 4 times bigger.

I opened short at: $14.32

Silver (XAG/USD), H4 Chart


USD/CAD

We should think about buy on next near 1.2900, because currency the price bounced up from 1.2886. At this moment there are low risk and great reword. Also, Trump want to move Oil price down in such situation USD/CAD will move up.

USD/CAD, D1 Chart

AUD/USD can move up to key level 0.7377 on next week. Near that level the price will show its plans. Long — term up trend will start if the price will break up 0.7377 and D1 close upper it.

AUD/USD, Daily Chart

Also, take a look on weekly chart. We see that the price bounced from key buy zone.

AUD/USD, Weekly chart

Short we can open if the price will make a fake broke of 0.7377.

USD/JPY moved up from key level 111.83 on last week. Price is moving to 111.14 We can look for a long entry after pullbacks on next week.

USD/JPY, Daily Chart


British pound (GBP/USD) broke down Upward Channel.

Its a signal for the next price decreasing.

GBP/USD, H4 chart

On next week a see 2 scenarios for my self

  1. Bearish scenario

I will open a short if the price will make a fake broke of key level 1.3100 and H1 close under it. potential profit mush be in 4 times bigger than a risk.

GBP/USD, Bearish scenario

2. Bullish scenario.

Long I will open if currency rate break up 1.3100 H1 Close upper it. There i also will wait for fake broke. In that satiation I will have predictable risk 50 pips and goal 1.3300.

GBP/USD bearish scenario


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