Hey hey, what’s up my friends!
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Next…
In this week’s market analysis, you’ll learn:
- The 10 most important charts for June
- The False Break: A simple but profitable trading pattern
- This doesn’t bode well for the Singapore Dollar, here’s why…
- An in-depth analysis of the Forex, Bond, Equities, and Commodities market and the BEST trading setups happening right now
So are you ready to rock your trading week?
Then go watch this week’s video below…
I hope you’ve enjoyed this week’s analysis.
If you’ve got any questions, don’t hesitate to let me know in the comments section below. Cheers!
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Awesome analysis from awesome guy. Thanks
cheers
also tell upto which level price are going up or down.
example you told gold is downward upto which level it will go. please tell that also
I can’t predict what the markets will do
Thanks Ray,
So, I was short EUR/USD 2 positions and i had taken my good profits earlier, but then i added 2 more positions since from my analysis of price action i noticed price had closed below the strong support and thought price will continue rallying downwards.
But instead price went up and hasn’t hit my stop loss yet since i trail my stop loss using the second previous high in the weekly time frame. The reason why i haven’t closed this trade is because I expect price to pull back from the 20 EMA in the Daily Time frame and continue rallying downwards, I don’t want to be stopped out of this trade like the first pullback in this downward trend. But if price breaks and closes above the 20 EMA, I am out of this trade.
Please advise on this.
But for the rest of the currencies, we have the same analysis. Lets hope for the best.
Hey Gloria
All I can say is plan your trade and trade your plan.
I’m long right now as mentioned in the video.
I Salute you Ray,
Your analysis on EURUSD is actually what has happened. You are really good at this.
Thanks,
cheers
Eurodollar and pound dollar charts looks the same in many ways…wonder why you made a buy call for Euro and a sell call for pound…even though pound has a similar false breakout like what Euro did…Thanks Rayner..
That’s a good point.
Largely being there wasn’t a strong price rejection at Support.