A Perfect Trading Week So Far!
Trading weeks come and go, some are better than others. But the first three days of the current week have been as near perfect as you can get and which reinforce the importance of understanding relational analysis. The markets move on sentiment and risk with the forex world at the centre as money flows from risk assets into safe haven and back again, and with the US President acting as the catalyst for volatility, perfect trading conditions have been created. Such moves are generally short lived and delivering wonderful trading opportunities both for intraday traders and longer term. For reversal traders these are truly terrific, and for trend traders, an opportunity to join once a move is underway. The key here is timing the entry and the ideal combination is using time and non time based charts such as the renko for MT5. In this morning’s session we focus on the GBP/JPY and consider the forthcoming election and the likely outcome for the British pound next week.
Disclaimer: Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in ...
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