Forex Trade Set Ups - 27th August 2024

August 27, 2024

Trade Set Ups - 27th August

All Trade Set Ups Are Analysed Using 1hour, 4hour & 1 Day Time Frame

In this email:

  • EUR/GBP

  • CAD/JPY

EUR/GBP Set Ups 💰

The daily, 4-hour, and 1-hour charts are all in sync for a downtrend. Price is making lower highs and lows & those moving averages are all lined up pointing down like. RSI is below 50 across the board so the bearish momentum is strong. The 4-hour RSI is hinting for a possible short term bounce but overall market looks to be heading south with no signs of stopping. Time to short, I think!

There’s no disputing the strong down trend on the hourly chart

Trading Plan

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