Thursday, September 24, 2020

πŸ’¬ “Is Manual Trading Coming to an End?” |  NZD/USD, GBP/JPY, and EUR/AUD Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
September 24, 2020
Trading today? Read this first.
With Brexit uncertainty still in play and broad risk sentiment still in the negative, this box setup on GBP/JPY is one to watch for potential short-term pips.
Trade opportunities on CAD/JPY and EUR/AUD

Up for some currency cross trades today? Big Pippin has spotted a range trade on EUR/AUD and a triangle on CAD/JPY! Check 'em out and see if you can make pips off them!

Trade Idea: Short NZD/USD

NZD/USD seems to be failing to break above a very strong area of interest. Is it time for the bears to take back control and resume the longer-term downtrend? 

EUR/USD currently bearish?

EUR/USD looking pretty bearish on MarketMilk's trend following page. This one uses the 1D, real-time price stream. If you change it to 4H, it's looking a lot more bearish!

2 major trading mistakes forex newbies usually make
Starting out in the forex market is definitely an exciting experience but you must be very careful not to make these dangerous mistakes that most beginners make.
"Is manual trading coming to an end?"

Here's an answer forum member mario.forex has received: "AI will be used first to perform mundane, repeatable tasks, but I think most traders will want and need to retain overall control over the parameters you mention."

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