These forex and volatility indices setups are based on price action and market structure and can result in trading opportunities in the week ahead. I use a naked chart and refer to two EMA’s (10 & 20 period) for trend identification and to be on the lookout for mean reversion.
I also occasionally use RSI and FIb levels to help me in my analysis. Other than that I do not use any other indicators since I like to keep my trading simple.
These Forex signals are based on technical analysis. I mainly use the daily and Four hour charts.
You will notice that I 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. I show you my 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 [eafl id=”315″ name=”hotforex platforms” text=”one here.”]
If you are new here I suggest you read how to trade the free currency trading signals.
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This signals is for volatility indices. If you do not know what they are you can read this post.