Hi Forex Trader,
A 2.5 hour live trading room webinar was held with my clients yesterday during the European session. Live trades were taken on the 5min, H1 and H4 charts. Here are the trades that were taken live 2014-03-21_1037 – TheForexTradingCoach's library and 2014-03-21_1038 – TheForexTradingCoach's library If you'd like to be a part of these webinars, please contact me for details.
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.
There is a public holiday in Japan today so be careful if trading the JPY pairs.
Overall there is strength in the USD with minor strength showing in the AUD, JPY and CAD.
Overall there is weakness in the EUR, with minor weakness in the CHF and NZD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – NONE
Sell Trades – EUR/USD, EUR/AUD, EUR/CAD, GBP/USD, 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.
Here's something to help you trade with low risk:
AMAZING FREE TRADING TOOL: Download your own FREE copy of my MT4 trading tool which will help you trade with low risk per trade, remove much of the emotion involved with taking trades and take away the focus on making “Pips”.
Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator