AtoZ magic Forex Trading Strategy setups for December 20


The following is AtoZ Magic Forex Trading Strategy analysis for four major currency pairs EURUSD, GBPUSD and AUDUSD. See below for Magic Forex trade setups for 20 December. 

20 December, AtoZForex – Today we have market entries along with pivot points for three currency pairs.

Magic EURUSD trade setups for December 20

Based on today’s AtoZ Magic Forex Trading Strategy analysis we saw the pair developing bearish price action. However, our yesterday pending order was triggered and we are currently in a loss of -50 pips. Hence, those entries were against the trend which is on bearish direction. Therefore, we can expect the pair to rebound from S2 level at 1.0337 level and continue upward. Since our previous entry is in loss I don’t recommend any position for today.

Today’s Pivot points and trade setups for EURUSD are as follows:

R1: 1.04564, R2: 1.05112, R3: 1.05432

S1: 1.03696, S2: 1.03376, S3: 1.02828

AtoZ magic Forex Trading Strategy setups for December 20 AtoZ Magic Forex trading strategy for EURUSD (click to zoom in)

Magic GBPUSD trade setups for December 20

According to AtoZ magic Forex Trading Strategy, we saw bearish price developments from this pair. We can see the pair rebound from S1 level and continue upward. Therefore, we can expect the pair to continue towards to S2 level at 1.2268 level and continue upward.

Today’s Pivot points and entry levels for GBPUSD are as follows:

R1: 1.24769, R2: 1.25630, R3:1.26240

S1: 1.23298, S2: 1.22688, S3: 1.21827

AtoZ magic Forex Trading Strategy setups for December 20 AtoZ Magic Forex trading strategy for GBPUSD (click to zoom in)

Magic AUDUSD trade setups for December 20

For today’s AUDUSD AtoZ magic Forex Trading Strategy we saw bearish price developments. However, our yesterday entry was triggered and we are currently in a loss of -18pips. We can expect the pair to rebound from S1 level and continue upward. Therefore, I don’t recommend any position since our previous order was triggered.

Today’s Pivot points and entry levels for AUDUSD are as follows:

R1: 0.72897, R2: 0.73365, R3: 0.73602

S1: 0.72192, S2: 0.71955, S3: 0.71487

AtoZ magic Forex Trading Strategy setups for December 20 AtoZ Magic Forex trading strategy for AUDUSD (click to zoom in)

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