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 renewed strength in the AUD and CAD.
Overall there is weakness in the USD and JPY.
Trading Directions I am favouring for the next 24 hours
Buy Trades – AUD/USD, AUD/JPY, AUD/CHF, CAD/JPY, CAD/CHF, XAU/USD
Sell Trades – EUR/AUD, EUR/CAD, USD/CAD
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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I held a 2 hour live trading room webinar for my clients yesterday and we had a full room. 3 trades were taken live during the session and the main topic I covered was looking for exhaustion patterns. If you would like to know more about learning how to trade successfully for yourself, please take a look here
Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator