Forex Trade Strategy Review Feb 7, 2017

Let me share my opinions for the following currency pairs.

AUDUSD:

Aussie didn’t form any higher peak point, so we can short Aussie if it can’t break previous high point. And we can trade Aussie inside the green box, if it didn’t break through this box. (sell high and buy low strategy).

audusd_feb07_2017

USDJPY:

Sell high and buy low strategy also applies for current USDJPY within green box.

usdjpy_feb07_2017

Gold:

We can take the chance to short gold at current position till 1200. If it break 1240, then we can long Gold at the pull back.

gold_feb07_2017

EUR/USD:

It looks like euro is going to break the upward channel, and we can short euro if it can’t break 1.800 area.

eurusd_feb07_2017

GBPUSD:

Pound didn’t break the new high and now is falling down. Not advise to trade Pound for now if you don’t have any short trades previously.

gbpusd_feb07_2017

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