Hi,
How are you guys. Hope you and your currency trading is both doing wonderful.
Now talking of the market, it did not move much on the last trading day. The entire movement of the market was of 75 pips yesterday. If we analyze the candlestick that formed yesterday, it was of blue colour, suggesting a strong Euro movement.
As I posted earlier this week, the market seems to be returning to the strengthening of the Dollar is proving correct now. Well, well when am I wrong when it comes to predicting the market concerning the EUR/USD pair.
How are you guys. Hope you and your currency trading is both doing wonderful.
Now talking of the market, it did not move much on the last trading day. The entire movement of the market was of 75 pips yesterday. If we analyze the candlestick that formed yesterday, it was of blue colour, suggesting a strong Euro movement.
As I posted earlier this week, the market seems to be returning to the strengthening of the Dollar is proving correct now. Well, well when am I wrong when it comes to predicting the market concerning the EUR/USD pair.
Moreover, today the market is predicted to show some fast
paced action. This gets confirmed when you look at the upcoming news and
announcements for the day. The entire day is packed with news flashes from the
European Union and the U.S.A.
Just for the purpose of sharing the information, European
news will start flashing from 7 am GMT, which is any time now; up till 8 am GMT
lasting for about an hour.
I am sure it will propel the market to either direction.
Therefore, I am strongly against scalping for
the day. You will have no idea where the volatility of the market could lead in
the wake of such major announcements.
Up further in the day, there will be announcements from the U.S.A. They
will be announced at 1 pm GMT. Particularly, the Manufacturing PMI and the New
Home Sales data are of major concern. They both will definitely move the market
in a big way.
Hence, I come up with the following signals for the day:
Sell EUR/USD at 1.3251 for a profit of 50 pips; no stop loss
Sell EUR/USD at 1.3151 for a profit of 50 pips; no stop
loss.
Also, the Sell entry at 1.3201 is still going strong.
Although, I have moved the take profit levels so as to minimize the broker commissions.
Will update once the market shows the action, and it affects
my trading entries.
Till then you take care, make loads of mullah and have fun.
