Let’s analyze the trade setups for the 6th of December 2024 based on the daily forex mean values generated by our BroInsights models; this will help with our currency prediction efforts.
USDCAD currency prediction
With the help of the USDCAD chart breakdown based on the trend, moving averages and our AI mean value for the USDCAD currency prediction generated by our Bro In Finance AI & Machine Learning model lets have our trade setup for today;
- Mean Value – 1.39806
- Trade Type – Sell
- Entry – 1.40341
- Stop Loss – 1.40510
- Take Profit – 1.39872
- Risk to Reward Ratio – 2.78
GBPUSD currency prediction
When it comes to our friendly GBPUSD, the chart clearly shows a bullish trend. And the currency prediction / Mean Value also suggest the price to be bullish. So with our technical analysis and the mean value being aligned together, we can say that this trade setup is looking good.
- Mean Value – 1.27727
- Trade Type – Buy
- Entry – 1.27437
- Stop Loss – 1.27300
- Take Profit – 1.27697
- Risk to Reward Ratio – 1.9
Important
- This trading setup is only valid for 6th of December 2024. And it is advised to close the trade by the end of the day even if either the Take Profit or the Stop Loss is not hit.
- Only enter the trade if the price do hit the entry or else dont adjust the entry to get in the trade quickly. Because doing so result in trade inconsistency which leads to Bad Trades.
- Its always better to have the 15 mins chart and the 1 hr charts opened to get insights due to its clarity on how the price actually move. While the 15 mins chart shows you the changes in a shorter period, the 1 hr chart captures the overal movement. We do not recommend trading on anything less than 15 mins chart because it can sway you in your judgements with sudden price movements. And same thing goes to anything larger than 1 hr chart because we are aiming to hit day trades. Also if you want to get the overal trend always use the 4 hr chart.
Why trust Bro In Finance forex AI Forex Predictions?
We at Bro In Finance own the rights to our model, so that you can guarantee that these forecasted daily forex mean values are given to you by a Trusted party. Each of our models have been coded by qualified individuals & undergone multiple test phases before putting it out to the public. We are transparent with our trades so whether its a loss or a win, we are more than happy to fully disclose our results. We provide this service for aboslutely free so that you can try it out without giving any kind of personal information. All you have to do is enter your email in the below Newsletter so that you will be the 1st to get notified when we release our AI Forex Predictions. Now lets jump in to our trading setup now that we have our Mean Value.
Disclaimer: Forex trading carries significant risk and may not be suitable for all investors. This analysis, based on Bro In Finance’s proprietary data, is provided for informational purposes and should not be considered investment advice.
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