Dear fellow Traders,
For the first time I am using this blog to reach out to you for trading ideas..
I am stuck for a good entry and/or position after (almost) breaking even last week,
and basically starting over again.
Euro weakness and Usd strength predicted in the forex market;
I don't see Eur/Usd going down much this week though, as there is strong support around 1.357
and I don't see Usd/Chf going up as this is a slow mover, usually
So, what does that leave with, I don't know
2. Gbp is due for a retracement:
But GB government/banks have announced a rate hike which will keep Gbp/Usd strong,
and technically there is room up to 1.73 area which is 50% monthly fibonacci retracement
So, anyone got a good idea they would like to share with me?
For the first time I am using this blog to reach out to you for trading ideas..
I am stuck for a good entry and/or position after (almost) breaking even last week,
and basically starting over again.
- Let me first tell me what I have got:
Euro weakness and Usd strength predicted in the forex market;
I don't see Eur/Usd going down much this week though, as there is strong support around 1.357
and I don't see Usd/Chf going up as this is a slow mover, usually
So, what does that leave with, I don't know
2. Gbp is due for a retracement:
But GB government/banks have announced a rate hike which will keep Gbp/Usd strong,
and technically there is room up to 1.73 area which is 50% monthly fibonacci retracement
So, anyone got a good idea they would like to share with me?