Forex Forecast for Week 19 (4 May – 8 May 2020)

These forex setups are based on price action and market structure and can result in trading opportunities in the week(s) ahead.

These Forex signals are based on technical analysis. We mainly use the daily and Four-hour charts.

You will notice that we provide my signals in a different way from others. Most signal providers just give you entry and exit prices without showing you the thinking behind the trade. We show you our thinking behind a particular setup and this helps you grow as a trader so that you can become self-sufficient.

 

These signals allow you to be proactive in the market. You do not use any lagging indicator but you will be waiting for signals to occur around these areas. You will be looking for such signals as reversal candles or chart patterns. Be careful, wait for the price to confirm do not jump the gun and always practice good money management.

While some of you may choose to scalp or day trade the foreign exchange market with these free signals, please note they are designed for a swing trading approach.

Please be fully aware of your overall “risk appetite” when it comes to your trading account and your Forex broker margin rules. If you want a broker with low spreads you can check out this one here.

If you are new here I suggest you read how to trade the free currency trading signals.

If you are completely new to forex we suggest you first look at the learn forex tab. You can also have a look at our free price action trading course.

We spend a lot of time putting these setups together and they are only valid for a limited time. We give them to you for free and we kindly ask that you pay it forward back by sharing them with your friends on social media and elsewhere. Thank you.

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