Another fantastic 2 hour live trading room webinar for my clients yesterday. I took 4 new live trades during the webinar plus there were several other open trades that we talked about. If you would like to find out more about these webinars, please email me here.
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 strength in the AUD, EUR and USD.
Overall there is weakness JPY, CAD and GBP.
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/JPY, EUR/GBP, EUR/CAD, CHF/JPY, AUD/JPY, AUD/CAD, USD/JPY, USD/CAD
Sell Trades – GBP/AUD, CAD/CHF
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 help.
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Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator