Overview of trading ideas in currency pairs at the 22.08.2017

Hello. Below are a few recommendations for trading in the Forex market on 21.08.2017

USDCAD

On a pair USDCAD stopped in the 1,25500 and formed a pattern Doji. The level is weak, and I would like to see the continuation of the fall and the down trend. But maybe this is the end of the correction down, and will break the trend is up. Watching the development of events.

BTCUSD

Bitcoin updated good highs and are moving in the area 3985,00. The situation here is similar to the pattern Double top, but to talk about the turn too early. Possible rebound from the support level and leave just in a sideways trend between 3985 and 4430. I’m more inclined to a deep downward correction.

Open orders big banks

Changes in 21.08.2017

  • Citi placed a Buy Stop on USD/JPY with 109,30, TR – 111,50, SL 107.85
  • Morgan Stanley has opened a Buy on the CAD/JPY with 86,60

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