How is everything traders, have you had a chance to trade post brexit?
There is one important announcement left on the week, in fact, one of the most important announcements… but I still think we’ve got plenty of room to trade the GBP crosses.
Here is the strategy for a few of them:
gbpchf, GBPJPY, GBPUSD, GPBCAD
You already know about the importance to choose the right currency pairs to trade each day.
Look, even if you have the best system in the world, if you choose the wrong currency to trade you wont get too far.
On the other hand, if you are using an average system, but you trade the right currency pairs each day, you’ll be fine in the long run.
What’s your take about this?
How do you choose which currency pairs to trade each day?
Now, these are a few of the currency pairs that I believe are trading in a very clear market condition.
The GBPUSD is trading in a very clear bearish condition, let me show you why I think its bearish:
analysis, AUDJPY, forex, GBPUSD, USDCAD
Hey traders, I hope you are doing alright with your trading.
What do you think about the market lately? In the last few weeks, most of the currency pairs (specially the majors) have been trading in a very tight and undefined range…
It has been difficult to trade them… What’s your take?
Ok, let me tell you mine… but first something about fundamentals.
Fundamentals for the rest of the week
There are plenty of fundamentals this week, and a few of them are very important.
So maybe that’s the reason the market has been trading in a very tight range? It could be… but the truth is that no one knows the real reason…
Anyway, these are a few of the fundamentals that you need to be watching this week:
USD FOMC minutes (the most important of them all)
EUR Draghi Speaks
AUD Employment report
GBP Interest rate
EUR Draghi Speaks
CAD Employment report
I’m going to be specially careful about the FOMC minutes, it has the potential to change the sentiment of the market, so be careful alright? Specially if you plan to open a trade in any USD pair or if you have a trade open and the market is close to your entry or SL level…
Forex Majors Analysis
Almost all majors have been trading in a very tight and undefined range… If you have been trading them you know what I’m talking about…
CADJPY, Forex majors, fundamentals, GBPUSD
About two weeks ago I got a signal in the GBPUSD, at that time, I set my stop entry order to go long based on a short term range breakout.
I decided to hold my trade over the last two weeks even during important fundamental announcements…
And finally, after almost 3 weeks, I got my alert: the market has reached my take profit order.
And you know something
forex, GBPUSD, signal, trade
Hey trader, what do you think about the market so far this week?
I’ve got to say, some currency pairs have been trading in a very clear condition, such as the EURNZD, USDCAD, NZDUSD and others…
These pairs have everything we need to trade them:
- Clear S&R levels
- Clear swings
- Clear ranges
But there are others though that arent that clear anymore…
forex, GBPUSD, long signal