What an excellent day’s trading it was yesterday. Personally I had one of my best trading days for a while on the shorter time frame charts with many high quality trade setups on the H4 and H1 charts yesterday resulting in some great profits. High reward:risk trades and a high win rate. I've also received numerous emails today from my coaching clients telling me about their successful trades. If you'd like to know more, just contact me
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 USD, GBP and AUD.
Overall there is weakness CHF, EUR, JPY, NZD and CAD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – GBP/JPY, GBP/CAD, GBP/CHF, AUD/CHF, USD/JPY, USD/CAD, USD/CHF
Sell Trades – EUR/USD, EUR/GBP, EUR/AUD, NZD/USD
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