Daily analysis by DayTradeIdeas - 27/10/2023| FXMAG.COM

Today’s trade ideas:

4 hour chart for USDCAD going back a whole year - the sideways range is obvious. (See above).

However we are in a 3 month bull trend & have broken above a 3.5 year trend line so I will attempt longs on a pull back.

✕

AUDJPY very much stuck in a 3 week channel from 9450/40 up to 9580/9600. (See chart below).

Advertising

AUDUSD mostly sideways for 2 months in a longer term bear trend so I am happier selling at resistance.

GBPJPY stuck in a range from 181.50/30 up to 183.50 for 3 weeks & a greater sideways range for 4 months – see below.

GBPCAD ranges from 1.6630/20 up to 1.6790/1.6810.

Advertising

GBPUSD in a 3 month bear trend so I have sell levels on the sheet

Jason Sen

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk

Daily analysis by DayTradeIdeas - 27/10/2023

Jason Sen

Topics

Read more