Tuesday, October 6, 2020

🔥 NZD/USD, AUD/NZD, and USD/JPY Trade ideas | 9 Rules for Trading Divergences

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
October 6, 2020
Trading today? Read this first.
AUD will likely remain a mover for the rest of the session with more Aussie data ahead, making this support retest on AUD/NZD one to watch for potential short-term pips.
Trading opportunities on NZD/USD and USD/JPY

Whether you’re into the majors or you prefer trading the comdolls, Big Pippin's got yo back with a trend play on USD/JPY and a mid-range resistance on NZD/USD. Read up and make pips!

Can you identify this candlestick pattern?


A. Hanging Man
B. Hammer
C. Shooting Star

USD/CHF currently bearish?

Using MarketMilk's trend-following rating tool, it looks like USD/CHF's SMA, EMA, and short-term trend strength are all in the bearish territory. Take a closer look:

9 rules for trading divergences
Before you head out there and start looking for potential divergences, here are nine rules for trading divergences. Learn them to help you make better trading decisions.
"Is having a mentor a must to learn trading?"
Forum member Chullbulla writes, "My question is do I definitely need a mentor who can guide me to trading?" Here's what other traders have to say.
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