Andrew Mitchem
Special Consultant to the FPA
- Messages
- 3,144
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.
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.
There have been some enormous weekend gaps which will make trading those particular pairs very difficult for today. Will the trends continue in the direction of the gaps or will we see retracements now?
I have just uploaded a new trading commentary video to my website. In the video I discuss the strong AUD$ resistance levels on many pairs, why you should trade less and the importance of keeping yourself fit. At the end of the video you can sign up to receive each new weekly video as soon as it is posted. Please click on my signature below to view the video
Overall there is some strength in the USD, JPY and GBP.
Overall there is weakness in the EUR and AUD.
Buy Trades - NONE
Sell Trades - AUD/CHF, AUD/NZD
Happy Trading,
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.
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.
There have been some enormous weekend gaps which will make trading those particular pairs very difficult for today. Will the trends continue in the direction of the gaps or will we see retracements now?
I have just uploaded a new trading commentary video to my website. In the video I discuss the strong AUD$ resistance levels on many pairs, why you should trade less and the importance of keeping yourself fit. At the end of the video you can sign up to receive each new weekly video as soon as it is posted. Please click on my signature below to view the video
Overall there is some strength in the USD, JPY and GBP.
Overall there is weakness in the EUR and AUD.
Buy Trades - NONE
Sell Trades - AUD/CHF, AUD/NZD
Happy Trading,
Andrew
- Andrew Mitchem
The Forex Trading Coach
30 minute a day "full time" forex trading?
Learn how I do it>>
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