Weekend Review
Good Afternoon Dynamic Traders!
Today offers even more exciting news including the market moving NFP.
My trading rules dictate that I veer clear of the tidal wave and resume again once the surf has broken back to a gentle ripple.
The perfect opportunity for a review of the main opening weeks trades.
EURGBP
This cross proved to be an immensely profitable barter! Price plunged a staggering 660 pips, landing with a thud at the zero 0.9. (blog 5 Jan).
Deserved compliments to those of you who embraced the opportunity!
Another look at the same may give us some indication of next weeks movement.
The daily chart below shows clearly that the general trend is upward. This week has witnessed the cross catching its breath promoting a bullish flag formation.
Price is presently at a noteworthy fib support where we may see some deliberation.
If this support is broken, price may continue to exhale towards the next marked breather level.
Otherwise, the main trend should resume towards the historical high grasping at parity.
Today offers even more exciting news including the market moving NFP.
My trading rules dictate that I veer clear of the tidal wave and resume again once the surf has broken back to a gentle ripple.
The perfect opportunity for a review of the main opening weeks trades.
EURGBP
This cross proved to be an immensely profitable barter! Price plunged a staggering 660 pips, landing with a thud at the zero 0.9. (blog 5 Jan).
Deserved compliments to those of you who embraced the opportunity!
Another look at the same may give us some indication of next weeks movement.
The daily chart below shows clearly that the general trend is upward. This week has witnessed the cross catching its breath promoting a bullish flag formation.
Price is presently at a noteworthy fib support where we may see some deliberation.
If this support is broken, price may continue to exhale towards the next marked breather level.
Otherwise, the main trend should resume towards the historical high grasping at parity.
Either way, with diligent use of your ESLT, a nice flow of profits may be captured.
EURGBP daily chart Advanced get
USDJPY
This pair enjoyed a tidy 92 pip profit before racing back to the trend line to relentlessly continue the downward assault. (blog 6 jan).
The daily chart below displays how Mondays breather concluded by producing an indecisive doji and a bearish flag followed by the ensuing weakness.
Price is at the figure clustered with a known fib level and a trend line support. Knowing that the trend tends to be a firm friend, there is a high probability that price will break through the support towards a wave 5 extension.
By employing your continuation filters, a nice swing may be seized if price heads towards the relatively unknown territory .
USDJPY Daily chart Advanced Get
This pair enjoyed a tidy 92 pip profit before racing back to the trend line to relentlessly continue the downward assault. (blog 6 jan).
The daily chart below displays how Mondays breather concluded by producing an indecisive doji and a bearish flag followed by the ensuing weakness.
Price is at the figure clustered with a known fib level and a trend line support. Knowing that the trend tends to be a firm friend, there is a high probability that price will break through the support towards a wave 5 extension.
By employing your continuation filters, a nice swing may be seized if price heads towards the relatively unknown territory .
USDJPY Daily chart Advanced Get
With the above evaluation, the dependable updates from Bijal and not forgetting the champion analyses from our sister site, Dynamic Traders are armed with a host of profit making possibilities!
Only by making yourselves "available" to the market, will the probability of these winnings be certain!
Thoughtful Trading!
Saba Jackson
posted by Saba Jackson @ 12:32 PM
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