Andrew Mitchem
Special Consultant to the FPA
- Messages
- 3,129
Hi Traders,
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.
The US Non-Farm Payroll announcement is released later today at 8:30am EST. It would be a good idea to close out any shorter time frame trades before then, plus look at monitoring any other longer time frame open trades.
Overall there is strength in the EUR, CHF, GBP and NZD.
Overall there is weakness in the JPY and AUD.
Trading Directions I am favoring for the next 24 hours - Please note these are NOT trading signals. Instead they are the direction I am preferring to trade in using my own trading strategy. For example, if I see a suitable Buy trade signal on the EUR/USD today, I will take that trade as it is trading in the same direction as where I see the EUR/USD overall strength for today. If I see a Sell trade signal today, I will likely ignore the signal as that would be trading against my overall bias for the pair for today. Some people seem to be struggling with this concept so I hope this makes things clearer for you.
Buy Trades – EUR/USD, EUR/JPY, EUR/AUD, EUR/CAD, GBP/USD, GBP/JPY, GBP/CAD, CAD/JPY, CHF/JPY, NZD/JPY
Sell Trades – AUD/NZD, AUD/CHF
Why not attend a FREE "Introduction to Forex Trading Webinar" next week?
To get access, please click on my signature below.
Have a fantatsic weekend.
Andrew
- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>
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.
The US Non-Farm Payroll announcement is released later today at 8:30am EST. It would be a good idea to close out any shorter time frame trades before then, plus look at monitoring any other longer time frame open trades.
Overall there is strength in the EUR, CHF, GBP and NZD.
Overall there is weakness in the JPY and AUD.
Trading Directions I am favoring for the next 24 hours - Please note these are NOT trading signals. Instead they are the direction I am preferring to trade in using my own trading strategy. For example, if I see a suitable Buy trade signal on the EUR/USD today, I will take that trade as it is trading in the same direction as where I see the EUR/USD overall strength for today. If I see a Sell trade signal today, I will likely ignore the signal as that would be trading against my overall bias for the pair for today. Some people seem to be struggling with this concept so I hope this makes things clearer for you.
Buy Trades – EUR/USD, EUR/JPY, EUR/AUD, EUR/CAD, GBP/USD, GBP/JPY, GBP/CAD, CAD/JPY, CHF/JPY, NZD/JPY
Sell Trades – AUD/NZD, AUD/CHF
Why not attend a FREE "Introduction to Forex Trading Webinar" next week?
To get access, please click on my signature below.
Have a fantatsic weekend.
Andrew
- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>
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