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How to keep your risk low when trading Forex – Currency Strength and Weakness for Thursday 31st October 2013

Hi Traders, 

I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.

My suggestions are posted by 6pm EST each day. 

Overall there is minor strength in NZD and USD.

Overall there is weakness in the JPY.

Another very quiet day with many pairs forming indecision  candles yesterday. The JPY is showing some weakness but other than that, all other currencies are indecisive right now.

Trading Directions I am favouring for the next 24 hours


Sell Trades – none

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don’t have your own trading strategy then email me here for some suggestions

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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator