Hello Babypippers,
Here is the forecast for 6th August, We have similar trends like yesterday. With one change Aud/Usd is bearish now.
Video : 6th August 2015 Forecast - YouTube
- Eur/Usd
Trend :- Bearish
- Gbp/Usd
Trend :- Bearish
- Usd/Yen
Trend :- Bullish
- Usd/Chf
Trend:- Bullish
- Nzd/Usd
Trend :- Bearish
- Aud/Usd
Trend :- Bearish
- Eur/Gbp
Trend :- Bearish
Setups for Entry/Exit:-
Time Frame :- 15 min/30 min Chart only for Intraday
Entry :- For the pair which is bearish, you will wait for upward stophunt. Stochastic & Rsi are the indicators which you can use to identify the overbought condition for the respective day.
Exit :- Use Stochastic or Rsi to exit when you see the pair is over sold.
Short Trades - RSI Should be around 70 to 80, you can see the pair at overbought condition.
Stochastic will be near or above 80.
Long Trades - RSI should be around 30-40, and stochastic at 20.
Read more: 301 Moved Permanently