OctaFX Official

2021-10-08 15:02:45 TRADING IDEA
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Trading system - AUTOCHARTIST

#GBPJPY

Target Level: 153.3503
Target Period: 2 days
Interval: 30 Minutes

Broke through Resistance level of 152.1930 at 08-Oct-13:00
Supported by Upward sloping Moving Average Open / Comment

2021-10-08 14:58:07 TRADING IDEA
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Trading system - AUTOCHARTIST

#GBPUSD

Target Level: 1.3530
Target Period: day
Interval: 4 hour

Pennant has broken through the support line at 08-Oct-12:00. Possible bearish price movement forecast for the next day towards 1.3530. Open / Comment

2021-10-08 14:00:03 #tip_of_the_day

Tip of the day

Nonfarm Payrolls (NFP) is a monthly indicator of the US labor market popular among traders.

Strategy of trading:

Approximately 10 - 15 minutes before the news releases, Pending Buy and Sell orders are set between 25 and 50 points from their current price.
If the data turned out to be higher than the forecast, hold a sell order.
If it is lower, hold a buy order.
This system applies to EURUSD. If the dollar comes first in a pair, then the opposite is true: at high rates, sell, at low rates, buy.

Much depends on how big the difference is:
If the difference between the actual and the predicted value is less than 10,000, the orders are deleted
If the difference is more than 10,000, but less than 100,000, do not set lofty goals and continue to monitor the situation
If the difference is more than 100,000, then you can gain 200 to 500 points.

Use support and resistance levels to help you set your goals. Also, do not forget to set Stop Loss and Take Profit! Open / Comment

2021-10-08 12:00:08 #market_pulse

Attention!

The Nonfarm Payrolls (USA) , will be released today at 12:30 GMT.

The market will face increased volatility. Use trading ideas and signals with caution.

Don’t forget to set Stop Loss and Take Profit according to your trading system.

What is Stop Loss and Take Profit Open / Comment

2021-10-08 11:12:51 TRADING IDEA
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Trading system - AUTOCHARTIST

#NZDJPY

Target Level: 77.0580
Target Period: 11 hour
Interval: 1 hour
Pattern: Channel Up

Channel Up identified at 08-Oct-07:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 77.0580 within the next 11 hours. Open / Comment

2021-10-08 11:05:36 TRADING IDEA
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Trading system - AUTOCHARTIST

#GBPCAD

Target Level: 1.7026
Target Period: day
Interval: 1 hour
Pattern: Support

Broke through Support level of 1.7073 at 08-Oct-06:00
Supported by Downward sloping Moving Average. Open / Comment

2021-10-08 11:03:49 TRADING IDEA
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Trading system - AUTOCHARTIST

#ETHUSD

Target Level: 3655.3800
Target Period: 15 hours
Interval: 30 minutes
Pattern: Rising Wedge

Rising Wedge identified at 08-Oct-09:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 3655.3800 within the next 15 hours. Open / Comment

2021-10-08 10:40:28 TRADING IDEA
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Trading system - AUTOCHARTIST

#EURJPY

Target Level: 129.4940
Target Period: day
Interval: 4 hour

Falling Wedge identified at 07-Oct-12:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 129.4940 within the next day. Open / Comment

2021-10-08 10:30:00 #trading_spotlight

Every day we analyze the market trends, select the most newsworthy asset, and prepare technical analysis on it—to help you reduce risks and get prepared.

Today's tickers:

In the most likely scenario, the #EURJPY pair may challenge the first resistance level of 129.354

The #GBPJPY pair may rise towards the first resistance level of 152.416

The #BTCUSD pair may challenge the first support level of 52,343.79

View detailed analytics Open / Comment

2021-10-08 10:21:13 TRADING IDEA
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Trading system - AUTOCHARTIST

#XAUUSD

Target Level: 1,746.74
Target Period: day
Interval: 4 hour

Pennant identified at 07-Oct-16:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 1746.7400 within the next day. Open / Comment