Currency Strength and Weakness for Monday 4th May 2020

Andrew Mitchem

Special Consultant to the FPA
Messages
2,252
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 strength in the CHF, JPY, EUR and USD

Overall there is weakness in the AUD, CAD, NZD and GBP



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 – EUR/GBP, USD/CAD, EUR/CAD, EUR/NZD, EUR/AUD

Sell Trades – GBP/USD, GBP/JPY, NZD/USD, NZD/JPY, NZD/CHF, AUD/USD, AUD/JPY, GBP/CHF, AUD/CHF, CAD/JPY, 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:

"#364: Which Forex Brokers Do I Use & Suggest?"


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>>

 

Andrew Mitchem

Special Consultant to the FPA
Messages
2,252
It means that if I see any bearish setups using my strategy on any time frame GBP/USD chart today, then I'm going to be favouring that trade over any bullish setups.
 

megabizland

Private, 1st Class
Messages
52
It means that if I see any bearish setups using my strategy on any time frame GBP/USD chart today, then I'm going to be favouring that trade over any bullish setups.
Andrew, This is GOLD. Many traders, including myself, often sees signal, provided by trusted source, as it is and enter trade blindly according to the signals.
Thank you Andrew.
 
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