Good day ladies and gentlemen. I hope you had an amazing weekend. We give God all the glory for His grace and miracle upon our life, upon our households and the nation in general. I want state here categorically that forex trading is an investment. We should treat it as that. It portend some element of risk, but fortunately its a risk we can contain. Let's trade wisely. POINTERS:
1. NEVER ATTACH YOUR EMOTION TO EACH TRADE.
2. TRADE WITH WHAT YOU CAN AFFORD TO LOSE PAR TIME.
3. LOOK LONG TERM.
4. HAVE OTHER SOURCES OF INCOME.
5. BE PRAYERFUL. BE EXPECTANT ALWAYS.
6. BE PROFESSIONAL
Having laid the groundwork simply, I want to advice you follow your trading rules. Never deviate in the course of the week under review. This is a killer.
Below are some pairs I analyzed for this week. You may use the analysis to corroborate your system or strategy.
Am not expecting you to trade all the setups...except you have a large pocket...lolx.
1. EURUSD: Signal - sell
Entry: 1.0950, 1.0900, 1.0850
SL: 1.1050 (100 pips)
TP: 1.0650, 1.0500
Probability quality: 99%
2. GBPUSD: Signal - sell
Entry: 1.4850
SL: 1.4950 (100pips)
TP: 1.4800, 1.4750, 1.4650 Probability quality: 74%
3. AUDUSD: Signal - sell
Entry: 0.7750
SL: 0.7850 (100 pips)
TP: 0.7600
Probably quality: 98%
4. USDJPY: Signal - buy
Entry: 119.00, 119.50
SL: 118.50 (50 pips)
TP: 121.00, 121.50, 122.00 Probability quality: 99%
5. USDCAD: Signal - buy
Entry: 1.2600, 1.2650
SL: 1.2500 (100 pips)
TP: 1.2750, 1.2800
Probability quality: 80%
6. EURJPY: Signal - sell
Entry: 129.50
SL: 130.50 (100pips)
TP: 129.00, 127.00
Probability quality: 49%
7. EURGBP: Signal - sell
Entry: 0.7350, 0.7300
SL: 0.7400 (50pips)
TP: 0.7270
Probability quality: 36%
8. EURCHF: Signal - sell
Entry: 0.450
SL: 0.550 (100pips)
TP: 0.200
Probability quality: 46%
9. GBPJPY: Signal - buy
Entry: 177.50
SL: 176.50 (100pips)
TP: 183.50
Probability quality: 22%
10. AUDCHF: Signal - sell
Entry: 0.7490, 0.7450, 0.7450
SL: 91.00 (100pips)
TP: 93.50, 94.00, 94.50
Probability quality: 99%
---------------------
Time of trade: market open. 9pm or 10pm depending on your server time.
I have 7 more but I think this will do in this forum. This is a complete week's outlook. Daytraders may pick their rejection and continuation zones.
Wishing you all the best for the week. Green pips all the way in Jesus name. Amen
NB: You are free to make your observation or ask questions. Its not willy-nilly. Remember am not a gooroo!!!
NB: If you want to open an account with Instaforex or FXOpen contact me please. My IB will come handy.
PS: If you are into Mlm or you're desiring to have another income source let's me know. My suggestions might be helpful.
I remain yours truly,
Godwin Allen Joseph
richimpact@yahoo.com