23 Nov: Trend table outlook for FX, Commodities, Indices

By | November 23, 2018

It has been a mostly sideways session, due to the US Thanksgiving Day, it would seem that we are set for more of the same leading into the weekend, with very little movement seen on Thursday aside from the spike in Cable.

All trades seem to be rangebound today, with the US futures markets are only open for the first half of the session

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*Trade of the day: November 23, 2018; 7:46 AM(AET)                   

*This is a personal opinion only, based on the look of the table below, and carries no guarantee of success.

All trades are good till 5.00pm NY time. All “in the money trades” should have the SL raised to break-even, or managed manually. All “out of the money trades” should keep original SL in place.

Range Trade: EurUsd: 1.1350/1.1450 (SL 30 pips either side)

Sell: EurUsd: @ 1.1465 SL @ 1.1465, TP @ 1.1290

Range Trade: AudUsd: 0.7285/0.7200 (SL 30 pips either side)

Range Trade: US$Jpy: 113.50 /112.50 (SL 30 pips either side)

Sell AudUsd @ 0.7300. SL @ 0.7335, TP @ 0.7165