Hi Forex Trader,
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.
We have the US Non-Farm Payroll announcement at 8:30am EST Friday so be careful with any open trades around that time.
Overall there is strength in JPY, USD and GBP.
Overall there is weakness in the EUR, AUD, NZD and CAD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – GBP/AUD, GBP/NZD, GBP/CAD
Sell Trades – EUR/JPY, EUR/GBP, CAD/JPY, CHF/JPY, AUD/USD, AUD/JPY, NZD/USD, NZD/JPY
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