Currency Strength and Weakness for Monday 13th December 2021

Andrew Mitchem

Special Consultant to the FPA
Messages
2,590
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.

For The Forex Trading Coach clients, login here https://theforextradingcoachcourse.com/ to get your exact entry and exit points for today’s recommended pairs.


Overall there is minor strength in the GBP and the AUD


Overall there is minor weakness in the CAD and USD



Trading Directions I am favouring for the next 24 hours

IMPORTANT: Just to let you know that Monday's trade analysis, when the market opens at the beginning of the new week (Sunday if you are in the US/Europe) are usually the hardest to pick and if you wanted a day off trading, that would generally be the day to choose. The reason being; I am looking at the previous week's prices and the new open prices for the week when making my analysis on a Monday and of course many things can happen between the close of the market one week and the opening of the market the next week and the market sentiment can often change. Just bear this in mind each Monday (Sunday US time)

Buy Trades – GBP/USD, GBP/JPY, EUR/CAD, AUD/CAD, GBP/CAD, GBP/NZD

Sell Trades – USD/CHF, NZD/CHF, CAD/CHF

DISCLAIMER
: My clients have full access to my trading strategy, including specific trades each day that include the exact entry, stop loss and profit targets.

Use your own trading strategy and look to take trades that setup in the same direction as my daily analysis. If you don’t have a trading strategy, just CLICK HERE and I’ll send you some information to help you out.

WEEKLY FOREX TRADING VIDEO and iTUNES PODCAST:

In this week's video I talk about:

"#439: What to look for when choosing a Forex Broker"


Find out more by clicking by signature below.
Have a great week ahead.
Andrew Mitchem


- Andrew Mitchem
The Forex Trading Coach
My Daily Currency Movement and Trading Videos>>

 

MohammedA1

Recruit
Messages
8
we're on the same boat (I know I don't have SL right now, it's because the spreads go crazy late in night, I will put it back when the it's 2 am)
 

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Andrew Mitchem

Special Consultant to the FPA
Messages
2,590
we're on the same boat (I know I don't have SL right now, it's because the spreads go crazy late in night, I will put it back when the it's 2 am)
Good luck with your trade. It's mainly the Sell trades that are affected with the big spreads at 5pm EST (New York Time) and mostly the minor/exotic pairs.
 
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