Hello. Below are a few recommendations for trading in the Forex market on 16.04.2018
GBPUSD
On GBPUSD reached the level 1,4250 and formed a pattern Pin-bar. According to the statistics of transactions of a big correction down will continue the up trend. The transaction pattern is not considered, because they are against the trend. waiting for the break of the level.
USDCAD
On a pair USDCAD move below the level 1,2626 and has already formed a series of Doji patterns. May go near in correction, but in General expect to continue falling trend. Consider there sales.
GBPJPY
On GBPJPY stopped at 153,36 and formed a pattern Pin-bar. Will probably start a downward correction after a good growth. I think the correction will be in the district 151,500 to trend line. Sales do not see here, they are against the trend.
EURAUD
On the pair EURAUD formed a pattern Pin-bar on the trend line and bounced off the level 1,5760. I want to see the continuation of the growth trend. Consider purchase here.
Open orders big banks
Briefly about changes in open orders banks:
Morgan Stanley, Citi, Thomson Reters IFR, Barclays has closed deals on several pairs, almost all in profit.
Morgan Stanley has opened a buy on the CAD/CHF.
For a schematic visualization shows that banks agree in opinion on the direction for many couples. You should pay attention to the direction of transactions and to take this into account when trading.
