Forex Signals

How to Correctly Evaluate Forex Signals Prior to Using Them

Trading signals are becoming big business, really big business. People come into trading these days looking for the easy option and often signals are that. They can be both automated, whereby you simply sign up and that is it, they will do all the trading for you, simply copying the exact same trades as another account. The other option is a more manual style of signals, these signals are there a trader will put them up somewhere, like on a site or in a chat channel, you then need to copy them manually into your account, putting in the trade and the stop losses yourself, a little more work but you have a lot more control over your trades and accounts.

With so many different options out there, there are of course some good signals provided, but also some not so good ones, ones where if you were to follow them, there is a very high chance that you will probably lose most of your money. How do we know which is which though? From the outside, they all look pretty similar, it is someone giving a signal and you are either automatically copying it or manually copying it. Either way, you aren’t doing the hard work. So we need to work out how we can tell whether they are good signals or not, and that is what we are going to be looking at today, how we can evaluate the forex signals that we are looking at before we are actually using them.


The first thing that will be obvious to us is the results of the signals, this is something that we need to be wary of, think about it, if a signal was making a lot of bad trades, would they advertise this? We would highly doubt this. Instead, they would either hold off on showing new results, freezing the results page with the most recent winning trades, they may also simply take out any losing trades from the results, or for the even more dishonest signal providers, they may make up the results entirely. This is something that some of the more shady ones do who only have the intention of stealing your money and not providing you with a good signal service.

One way of getting around this is to look for signal providers that have their results hosted on an independent site, there are various sites out there that can host accounts with their data streams coming directly from the brokers and accounts. This gives you a little extra reassurance that the results are real, but just be aware that some of the really sneaky ones can still manipulate the results, even on one of these verified sites through creating multiple accounts or managing to change the results that are sent to the site.


While the current results are great to see, it is also important to work out how they have done in the past, one thing to avoid is a signal provider that is not giving their history, this is most likely due to the fact that they have not done so well, and so they do not wish to show those results. The history of the results is what lets you know how long they have been going and also how consistent they are as signal providers. Once again, these can easily be manipulated and modified so you need to be aware of what is real and what is not, and which ones seem to be a little too good to be true.


Price is a big thing for a lot of people, and it is for signal providers also. There are a number of different payment styles available, where is the one-off payment where a single charge is made for lifetime signals, the subscription model where you pay monthly or yearly for access to the signals, and a profit share, this is where you are expected to pay a percentage of your profits art the end of the month. All three methods have their pros and cons, but which you prefer to use will be up to you.

You also have to look at what the rice actually is, if you are paying $100 a month for a signal that is putting out a single trade signal per month then it is not exactly worth it, you will be spending more money on the signal than you will be making from the trades that it is putting out.

Trade Frequency

Consider how often the signal provider actually gives signals, there is no point in paying for a signal that is only putting out one or two trades a month, this simply won’t make you enough to cover the costs, and the work being put in may not be worth it. You also need to consider those that are putting out too many too, if a signal provider is putting out 10+ trades per day, then this may mean that they are simply throwing out loads of trades in the hope that the majority of them become profitable, both of these styles are ones that you want to avoid, instead looks for ones that are giving out the right amount of trades for the sort of strategies that they are using.


How are they communicating or is there even a way to get in contact with them? If you have questions, how will you ask them? It is important that there are ways to get in contact with the person that is giving out the signals, they need to be there in order to offer support for those using their signals. If there is not any way to get in touch with them, they are probably not serious about building up their signal or userbase, which probably means that they are not serious about their signals. This is a red flag for us and we would never join one without a way of contacting the provider. If they have methods to contact them, try asking a question or two before signing up, to ensure that they are around and willing to offer.

Other Requirements

You should also consider any other potential requirements that the signal provider sets, some of them put things in place like you needing to use a specific broker under their affiliate link, things like that can be ok, but we prefer to avoid them as it can lead to potential issues, especially as they may be able to manipulate things this way. If they try to put requirements on your accounts or you as a trader, then we would always use a little extra caution.

Those are some of the ways that you can evaluate a forex signal prior to actually using them. As with anything when it comes to money, you will need to ensure that you are aware of what you are doing and who you are giving money to, there are some fantastic signal providers out there, but also some awful ones.

Forex Signals

Who Are the Best Forex Trading Signal Providers?

The best signal providers are funds and companies that deal with trading exclusively. A team of traders that have proven results over many years is the best one you can find. Now, this is the short, general answer, if you are looking for something that suits your taste, then you might need some pointers and more research. To find a good signal provider is hard since you have to find valid data providers that are reliable, not just legit.

The internet is full of noise, false and marketing plagued information that does not match your core interest. The best out of those you find may not the best in the world in terms of gains, but they will be the best for you. Put some effort to find reliable signals and the search might be worth it. However, be sure the performance of a signal provider will not be the same this year as the previous, as it is commonly said, past data does not guarantee future results. We will present how to find a reliable signal provider using some general pointers. 

Before you move on with your decision to trust your money with some other trader, AI, or strategy, consider the costs. Not the unforeseen costs that may come out of a bad decision, but how much you are ready to risk for the service. Signals providers like to create packaged service options, with increasing cost and benefits structure. Sometimes this is based on the deposit amount where the more money you put in the bigger amount of signals or the larger payout percentage you get. Automated solutions behind the signal provider mostly have this offer structure.

Now, you might be a trader that wants to have some additional benefits to an already good trading result. Diversifying to AI and human-generated signals seems like a good idea. Some signals providers require at least a $1000 monthly deposit without a trial, while others require a $20 subscription type per month. Know that if you can afford a deposit type subscription it does not mean they have a better performance over the cheaper monthly subscription. Unconfirmed results and, what’s more, results you personally cannot achieve on a demo account are not worth the deposit, while the $20 might not be risky as much. 

When you try to surf the web for the best signal provider, you will stumble upon many „top-rated“provider rankings. These portals are rarely independent, you will see a lot of these marketing portals that favorite their biggest sponsors first. Or they may even be owned by one of the bigger businesses. You will need more reliable data based on which you can at least get a better picture of who is the best signal provider for you. One forum that might help you on this search is Forex Peace Army, not only for signal providers but for brokerages as well. Here you will find somewhat real reviews and ratings created by actual users. However, stay cautious and take what you read with a grain of salt.

Honest services exist, but your chances of getting one are not that high. Pay attention to signal providers that are only relying on Instagram, WhatsApp, or Telegram. There is a good chance a signal provider is not legit if it does not have any other social media included for their voices. Some lonely trader with a good system may have tried this way, however, there is a good reason why scammers do not like to associate with other main social media accounts. They can only have lots of benefits from networking and opening up to a wider audience right? Well, scammers do not go this way because it is much easier to crack their schemes. They will be in the spotlight after a few users express their distrust, so a fresh start with a new identity is needed. With Telegram and the above-mentioned platforms, it is easy to stay incognito for a while. On Twitter or YouTube, this is much harder to do. 

Pay attention if the signal providers are young people. Young spells inexperienced most of the time, just an observation that does increase your chances of choosing a good signal provider. Youngsters need the experience to get to the top of the forex trading and only then they have a badge to sell your signals. There is a considerable time measured in years to get some trading skill and even then you need a consistent sample that also requires some time. Automated trading solutions are mostly backed up by young coders, however, a good strategy needs an experienced developer to be effective. 

Also notable are the flashy images of wealth and style scammer groups post on their channels. Flashy pictures that should inspire what you will become if you follow the signals are just a good sign you might be dealing with an unreliable signal provider. To the somewhat intelligent people, this will not work. However, they are no after for the intelligent, no need to say more.

You will need to find some proof the signal provider is good aside from the reviews and ratings. Past results add to the reliability but are not decisive. Of course, unethical providers will not share their results even though this is the first thing logically to look at. Interestingly, many providers found on the web will not even bother with their results. They will also try to share something completely faked. 

Even though the signal provider website looks very well made, with 24h support and all, you might be actually looking at unethical business. Do not fall for pretty pictures, some incredible gains numbers, testimonials, and the rest of the marketing for the unaware. 

Websites that are legit and have been founded by experienced people from the corporate world – sounds good, right? Wrong, most of the corporate experience does not mean they are good traders or signal providers. This group went out of business and has now founded the forex signals site as a try to use their backgrounds. If their backgrounds look impressive to you just understand they know how to extract money out of your pocket more than out from forex. The website may have very techy or nerdy wording to present smarts turned to success even though it is common terms in trading. 

If you get a chance to stumble on a signal provider that is willingly sharing their results, ask three questions: What is your net gains for some month or a year, and what is your previous month/year net gain? If the net gain is some ridiculous but attainable 4 digit number, and it repeats, then you can safely assume it is a scam. Then ask was this result on forex only. As you may know, some assets move much more than currencies so their pip movement does not mean more monetary gain. It is easy to attain 3000 pips per month on an index. 

When we said that even with the legit results presented you cannot be sure it is because you may be looking at one account or signals generated from many failed ones. This one just performed the best out of a hundred, for example. It does not mean the signal performance is going to be like this in the future. 

If you ever go into this, you may try legit proprietary firms that also accept traders to qualify for their funding. These companies also share signals from their experts once you subscribe. Normally you can find a cheap trial and a complete list of past trades before the real full-price subscription. We also advise demoing the signals for two months before you are ready to put in the money, the money you are ready to lose completely.

Crypto Videos

Should You Trade Forex With A Smart Phone Or Tablet? Our Free Signals App In The Description!

Should you trade forex with a smartphone or tablet app?


In this session, we will be looking at whether or not new traders, in particular, should trade with a mobile phone or tablet app only?

Regulated brokers in the United Kingdom must display the following message on their website, giving the updated statistics on the percentage of retail investor accounts, which lose money when trading spread bets or contracts for difference.

This is one we copied from IG index.
‘’Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.’’
The message is stark; three-quarters of retail traders burning their accounts is huge. And so most brokers rely on a revolving door of new traders coming in, while others bow out having lost their funds.
The reason is simple, a lack of knowledge by retail traders, the majority of whom are not much more than gamblers, and the house always wins in the end.

Let’s get back to the topic headline, should you trade forex with a smartphone or tablet app only.
More and more people are downloading trading apps as provided by brokers, trading, often on the go, maybe at work in an unrelated industry, or while at the gym or going for a walk or perhaps shopping, and spot a trade on their app and have a punt.

Now they might get lucky, occasionally, and think they have picked up a great new secondary source of income. Still, the whole thing about trading is that it is not like gambling, if you go into a casino and have a punt on the roulette wheel, maybe you will pick the right number, or maybe you will pick black, and the ball falls on the right black number, and you’ll be lucky, and that will be: all it is luck. However, with trading, it’s all about learning about fundamental analysis, learning about technical analysis, keeping abreast of economic data releases, speeches by key policymakers, and considering market analysis by professional traders and economists. Now traders are stacking the odds in their favor in order to have much more chance of a successful outcome.

And so, 25% of traders who are not losing money are highly likely those who do not trade on mobile phones or tablet apps. They will probably have at least two decent size computer screens for analysis purposes, perhaps also a tablet to keep them up to speed with economic news, where they are constantly juggling between technical analysis setups and market-related information in order to be informed.
A mechanic would not work on a car engine with only a screwdriver, and a surgeon would not operate on a person with only a scalpel to hand.
In conclusion, the more tools a trader has at his or her disposal, the better chance they will have of being on the 25% side of the above statistic.

Forex Basic Strategies

Filtering The Most Profitable Trading Signals Using The ‘Zig-Zag’ Forex Trading Strategy


In today’s article, we discuss a strategy that is based on the unfamous zig-zag indicator. The zig-zag indicator serves to shows changes and continuation in trends that occur in price movements. Usually, this indicator is used by traders to look for reversal points in the market. But in today’s strategy, we will use the zig-zag indicator to trade the continuation of a trend. However, if we think a little deep, this type of trading is also a form of ‘reversal trading’ where we will be finding the reversal points in a smaller trend within the larger trend.

At first glance, the indicator appears very simple but is not easy to understand by novice traders. The trading strategy that uses this indicator is not special because it uses this indicator, but since we are imparting various other concepts of technical analysis such as chart patterns, trend lines, and price action. But using this indicator alone too can generate good trading signals provided the trader is having good skill of this indicator properly.

Time Frame

The ‘zig-zag’ strategy can only be applied to the ‘Daily’ time frame. Hence, this strategy is not for intraday and short-term traders. We need to have a longer time horizon to trade using this strategy.


We use two technical indicators in this strategy

  • Simple Moving Average (20-period)
  • Zig-Zag (default setting)

Currency Pairs

We can apply the following strategy on both minor and major currency pairs. Liquidity and volatility will not be a major issue here as we are trading on higher time frames.

Strategy Concept

We are basically using the zig-zag indicator to identify classic chart patterns of technical analysis and trade them. The indicator is very effective in reducing the noise by helping the technical trader in viewing the larger picture and general market direction. Here, we look for appropriate chart patterns and associated price action indications within the context of a trend.

When these patterns are formed just anywhere on the chart, they do not hold much value as there is no logic to that. Once we identify a trend using the simple moving average (SMA), we wait for trend continuation signs provided to us by the zig-zag indicator and the chart pattern. The formation of the chart pattern is the first sign of trend continuation. Once price action develops and the market moves in the direction of the major trend, we look for ‘entry’ signals and then only enter into a trade.

One of the astounding features of this strategy is it’s risk-to-reward (RR) ratio. Trades executed this strategy have high risk-to-reward (RR) because we are trading with the major trend and the need for a smaller stop-loss. Not only is ‘RR’ of trades high, but also the probability of winning is much higher in this strategy due to stricter rules and time given for a trade setup to be formed. Now that we got a gist of the strategy, let us find out the actions required to execute the strategy.

Trade Setup

In order to execute the strategy, we have considered the ‘Daily’ chart of the USD/JPY currency pair, where we will be illustrating a ‘short’ trade. Here are the steps to execute the strategy.

Step 1: Firstly, we have to identify the trend of the market on the ‘Daily’ chart. This can easily be done with the help of the simple moving average (SMA) indicator. If the price stays below the SMA for a long period of time, we say that the market is in a downtrend. And if it remains above the SMA for a sufficient period of time, we say that the market is in an uptrend. It is worthwhile to note that zig-zag is not being used for establishing the trend.

The below image shows that the market is in a strong downtrend in the case of USD/JPY.

Step 2: After identifying the trend of the market, we wait for the market to form a ‘head and shoulders’ pattern in a down-trending market and an ‘inverse head and shoulders’ pattern in an up-trending market. Here’s where the application of the zig-zag indicator comes into the picture. The chart pattern should essentially be indicated by the zig-zag pattern—the lines of indicator show the ‘real’ formation of the pattern in the market. In addition to this, we plot a trendline that connects the ‘lows’ (head and shoulders) or ‘highs’ (inverse head and shoulders) of the pattern as indicated by the indicator. This completes the execution of 80% of the strategy’s rules.

Step 3: We enter the market for a ‘buy’ or ‘sell’ after the price breaks the trendline and ‘tests’ it on the other side. In simple words, in a ‘head and shoulders’ pattern, we enter for a ‘sell’ when price breaks the ‘support’ trendline and re-tests after making a ‘lower low.’ While in an ‘inverse head and shoulders pattern,’ we enter for a ‘buy’ when price breaks the ‘resistance’ trendline and re-tests after making a ‘higher high.’

The below image shows how a ‘short’ entry is taken.

Step 4: Now, let us determine the stop-loss and take-profit levels for the strategy. When ‘short,’ we place a stop-loss above the right shoulder of the ‘head-and-shoulder’ pattern. Similarly, when ‘long, stop-loss is placed below the right shoulder of the ‘inverse head-and-shoulder’ pattern. Take-profit will be set at the ‘lower low ‘of the major downtrend and at the ‘higher high’ of the major uptrend. The risk-to-reward (RR) of trades executed using this strategy will be at least 1:1.5.

The below image shows the result of sample trade executed using the zig-zag strategy.

Strategy Roundup

Even though the above strategy takes a lot of time to present a potential trade, the risk-to-reward and probability of winning of these trades are worth waiting for. There are many applications of the zig-zag indicators. Traders make use of other technical indicators like the Stochastic Oscillator and Relative Strength Index (RSI) together with the zig-zag indicator to locate the overbought and oversold conditions of the market.

Forex Signals

Are Free Forex Signals Really Reliable?

A trading signal is a short message that you might receive via email, text message, alert notification, tweet, or other communication methods. The message contains information about making a trade and is meant to aid traders and might mention a specific time and price to enter a trade on a currency pair. 

“Free forex signals” is one of the most Googled questions by forex traders. The main reason for the signal’s popularity is that it can save you time, which is especially useful for traders with full-time jobs or other responsibilities that take away from the time they can dedicate to trading. Beginners can benefit as well, as finding a good signal provider can be a lifesaver if one is having a hard time making profitable trading decisions. 

You’re probably wondering how much it costs to use these forex signals or if they even work at all. The truth is that there are some paid signals out there, but many providers will allow you to use their signals for free. This might seem a little off – after all, we’ve all heard the saying that “nothing is ever free”. Fortunately, there are other forex traders out there that want to help you. Many traders that have achieved success like to help other traders by passing on advice, creating trading signals, writing books that contain knowledge they’ve learned, sharing secrets they’ve uncovered, and so on. In some cases, you’ll be able to use the services indefinitely for free. In other cases, you might be able to use the service for free through a free trial before being asked to pay. 

When it comes to reliability, you do want to choose your signal provider wisely. Know that free signal providers usually offer some of these features:

  • The entry/exit/stop loss figures for one or more currency pairs.
  • Graphs or other evidence that supports the provided signals.
  • Trading history that might include profits and losses per month, risk/reward ratios, and so on.
  • The ability to speak to or be coached by the provider upon request.

Once a signal has been generated, it is the trader’s decision to choose whether to take the advice or to avoid it. If you receive a signal that doesn’t seem like a good idea, simply ignoring it is the safer option. Online reviews of free forex signals are mixed, but this isn’t surprising. Some traders have had good luck using these services, while others have lost a lot of money. 

If you want to receive reliable signals, you can’t go with the first service provider you find, especially if those services are entirely free. Fortunately, it’s easy to research a potential signal provider online. Check out social media and online reviews for a more realistic look at what you should expect. Never rely solely on reviews or testimony that is listed on the provider’s website, as the very best comments are usually displayed, or you might even be reading something that was written by the provider themselves. This is why second-party review sites and social media reviews give the most honest results. 

Free forex signals can be reliable, as long as you do your research before choosing a signal provider. If you receive an alert with information about a trade that you don’t think you should take, you can simply ignore that signal and wait for the next one. If you choose a provider that provides a few bad signals in a row, it’s best to move on to a different provider with better reviews online to try for better results. Choosing a signal provider is very much like choosing a broker – there are scammers out there, but careful consideration and research can help ensure that you make a trustworthy choice.

Forex Signals

USD/JPY Violates Symmetric Triangle Pattern – Buy Signal in Play! 

The USD/JPY has violated the ascending triangle pattern at 106.08 level, and it may head further higher until the next target level of 106.500 level. On the data front, at 04:30 GMT, the Unemployment Rate from Japan dropped to 2.9% from the expected 3.0% in July and supported the Japanese Yen. At 04:50 GMT, the Capital Spending from Japan dropped by -11.3% against the estimated -4.0% and weighed heavily on the Japanese Yen. At -5:30 GMT, the Final Manufacturing PMI for August from Japan expanded to 47.2 against the projected 46.6 and supported the Japanese Yen.

The strong data from Japan supported the safe-haven Japanese Yen and weighed on the USD/JPY pair that kept the currency pair’s gains on Tuesday. Meanwhile, from the U.S. side, the Final Manufacturing PMI in August dropped to 53.1 from the anticipated 53.6 and weighed on the U.S. dollar. Whereas, the highly awaited ISM Manufacturing PMI for August that was released at 19:00 GMT, advanced to 56.0 against the estimated 54.6, and supported the U.S. dollar that helped the USD/JPY pair’s bullish trend on Tuesday.

Moreover, the Construction Spending from the U.S. in July declined to 0.1% from the expected 1.0% and weighed on the U.S. dollar. The ISM Manufacturing Prices in August increased to 59.5 from July’s 53.2. The Wards Total Vehicle Sales from the U.S. came in as 15.2M against the expected 15M and supported the U.S. dollar added in the gains of USD/JPY.

Furthermore, on Tuesday, the U.S. dollar also gained some traction after the comment from the Fed Governor Lael Brainard, who said that to overcome the impact of coronavirus from the economy, the central bank would have to roll out new efforts. She also said that the Fed should adopt an aggressive approach to live up to its promise of stronger job growth and higher inflation. She also stressed the important role massive asset purchases would play in achieving the new policy shift’s targeted goals.

The USD/JPY prices may continue to trade higher until the 106.550 level. The pair has violated the ascending triangle pattern at 106, and above this, the USD/JPY may trade bullish. The MACD and RSI are both suggesting a buying trend. Let’s consider taking buying trade today. 

Entry Price – Buy 106.199

Stop Loss – 105.799

Take Profit – 106.599

Risk to Reward – 1:1

Profit & Loss Per Standard Lot = -$400/ +$400

Profit & Loss Per Micro Lot = -$40/ +$40

Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.

iPhone Users:

Andriod Users:

Forex Signals

USDJPY Bearish Bias Below Downward Trendline – Update On Signal!

Today in the early European trading session, the USD/JPY currency pair extended its previous day bearish moves and dropped further below 105.00 level, mainly due to the broad-based U.S. dollar weakness. The worries triggered U.S. selling bias that the second wave of COVID-19 cases in the United States could ruin the recovery in the world’s biggest economy.

The U.S. Treasury bond yields also declined and weighed on the U.S. dollar. On the other hand, the concerns about intensifying US-China relations extended some additional support to the safe-haven Japanese yen, which exerted an additional burden on the currency pair. Apart from this, the (BOJ) Deputy Governor Masayoshi Amamiya commented that the central bank was prepared to ease its monetary policy exerted some pressure on JPY and extended support to the pair. At this particular time, the USD/JPY currency pair is currently trading at 104.94 and consolidating in the range between 104.81 and 105.25.

The fears that the second wave of COVID-19 cases could undermine the U.S. economic recovery still hovering all over the market and kept the U.S. dollar bulls on the defensive. As per the latest report, the number of confirmed coronavirus cases in the Arizona state increased by 2,107 to a total of 165,934, while the death toll increased to 3,408, and the current hospitalization dropped to 2,564. Apart from this state, the number of confirmed coronavirus cases in the Florida state rose to a total of 441,977, while the deaths toll rose to 6,240, and the hospitalization decreased to 9,023 according to Florida’s Department of Health statement. Almost 4 U.S. states reported records high for one-day coronavirus deaths on Tuesday. The cases in Texas passed the 400,000 marks. However, these fears have exerted significant pressure on the market trading sentiment and made the U.S. dollar weak as well.

As in result, the broad-based U.S. dollar failed to gain any positive traction on the day and reported losses as the United States crisis of virus could break hopes for a quick economic recovery, which kept the investors cautious. However, the losses in the U.S. dollar kept the currency pair bearish. Whereas, the Dollar Index, which tracks the greenback against a basket of six other currencies, was down 0.2% at 93.507.

Across the Pound, the currency pair’s losses could also be associated with Bank of Japan (BOJ) Deputy Governor Masayoshi Amamiya comments that the central bank was prepared to ease its monetary policy further without hesitation if necessary, in the face of the coronavirus pandemic. It also added, “Global economy expected to recover only if wave 2.0 stops slowly.” As well as, they cleared that Japan’s business sentiment has started to show signs of recovery after dropping to a worse level.

However, the risk-off market sentiment was further bolstered by the latest disappointment over the much-awaited fiscal package’s lack of progress. The House Speaker Nancy Pelosi and the White House Chief of Staff Mark Meadows recently ruined expectations of U.S. policymakers delivering a much-awaited fiscal package soon. He said that the Republicans and Democrats still had a difference over the stimulus. However, these uncertainties extended some additional support to the Japanese yen’s as safe-haven status.

Apart from this, the recent escalation of diplomatic tensions between the U.S. and China also exerted some downside pressure on the risk sentiment and contributed to the currency pair’s declines. Although, traders are expected to avoid placing any strong bets ahead of the highly-anticipated FOMC decision.

The USD/JPY trades with a selling bias around 104.926 level, trading within a downward channel that provides an immediate resistance at 105.120. On the lower side, the USD/JPY may find support at 104.575 level, and closing of candles below 104.575 can open further selling bias until 104. Overall the pair is forming lowers low and lowers high pattern, which signifies selling sentiment among traders. The RSI and MACD suggest selling signals; for instance, the RSI is holding below 50, and the MACD is staying below 0. Today, let’s look for selling trade below 104.858.

Entry Price – Sell 104.858
Stop Loss – 105.258
Take Profit – 104.458
Risk to Reward – 1:1
Profit & Loss Per Standard Lot = -$400/ +$400
Profit & Loss Per Micro Lot = -$40/ +$40
Fellas, now you can check out forex trading signals via Forex Academy mobile app. Follow the links below.
iPhone Users:
Andriod Users: