Forex Buy Strategy For August 26, 2016
Here we are discussing about the long term analysis. Forex Buy Strategy will be shown here for long term traders. So that they can trade well and become profitable. Here we will be discussing about EURUSD, AUDUSD, USDCHF & USDCAD.
EURUSD Long Then Short
Here on this chart the pair is on a bullish movement. But a break down is waiting at some level up.
AUDUSD Above Wedge
As it breaks above the wedge, bulls are in control and we are back to the earlier wave count, if it works, next week will see price continue up, high probability that the move up may coincide with NFP. Not cast in stone but looking good for bulls.
USDCHF Long Trade
Current market place for this pair is at .9661 and in bullish move. Place your TP at .9683 and SL .9598.
USDCAD AB=CD Possibility
The pair is now in a bearish move and bullish is on next. See the chart carefully.