I’ve decided, rather than one specific trade idea, I’m going to give several weekly trends for the major currencies. That way you can trade in the dominant direction, and make higher probable bets, trading the price reversals back to the dominant trend direction.
Here is how the Weekly Trend Directions for the Forex Major Currencies are shaping up for this week.
Eur/Usd is starting to turn up, but not confirmed yet.
Gbp/Usd is confirmed by MACD and trending upward.
Aud/Usd is started to trend upward, but further downside is possible, limited, so buying the dips may be best.
Usd/Jpy is started to tire it’s upward momentum, and probably time to start selling the rallies.
If you want a great trading system, go to my website, http://meangreenmoneymachine.com and sign up for my most trusted REVERSAL TREND INDICATOR — it’s free.
Learn more about my Bollinger Band trading method at my website as well. Bollinger Bands are your best leading indicator. You will make more consistent profits by trading less, and trading higher time frames like the 4 hour and daily charts.
I hope my trade ideas will help turn more profit for you this week. Markets can move on a dime and reverse direction due to news events and can and will cause you to lose money, if you don’t move stops to break even. So, always protect substantial gains, especially those gains made quickly. I sincerely want all my patrons to beat the market.
Learn to trade only the better trade set ups and higher probability opportunities and you will beat the market more often than not, especially if you are not too greedy!
Any questions, please email me… firstname.lastname@example.org
THANKS – JOSEPH WOHLERS http://www.meangreenmoneymachine.com