Hi guys
As the virus becoming more central stage fear is building up and that follows safe heaven Yen getting the scared money.
UJ short should be looked upon.I suspect after Feds Warning about the Virus it may open with gap down.
Back to 109 or even below likely.
I am anticipating some USD sell off since EU and GU less AU NU were at bottom of their support.GU should start claiming up above 29 likely Euro to move north as well.
Focus should be on these UJ GU EU. NZD may get dumped even more so dont recommend buying.
What you should do every week ask yourself first after looking at charts
1.Is market bullish or bearish on USD
This is important because it sets the stage of the sentiment.Difficulty is often Asia session is not reliable for better sentiment minimum London open should be observed.Once established which way market is heading then you adjust your trades.
This should help eliminating being on wrong side early.
As the virus becoming more central stage fear is building up and that follows safe heaven Yen getting the scared money.
UJ short should be looked upon.I suspect after Feds Warning about the Virus it may open with gap down.
Back to 109 or even below likely.
I am anticipating some USD sell off since EU and GU less AU NU were at bottom of their support.GU should start claiming up above 29 likely Euro to move north as well.
Focus should be on these UJ GU EU. NZD may get dumped even more so dont recommend buying.
What you should do every week ask yourself first after looking at charts
1.Is market bullish or bearish on USD
This is important because it sets the stage of the sentiment.Difficulty is often Asia session is not reliable for better sentiment minimum London open should be observed.Once established which way market is heading then you adjust your trades.
This should help eliminating being on wrong side early.
In trading, you have to be defensive and aggressive at the same time
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