Trading on Fridays
As always we do like to stress caution when trading on a Friday. In that past several weekends we have seen the market gap considerably. Too avoid any stress you may want to use any entries made on Fridays as intraday rather than trying to weather the weekend storm.
Bank Flow Level
At this moment the best Bank Flow level stands as a sell on a retest of the highs on the USD/CHF in the 1.1975 area. The last highs are at 1.2000 and the risk/reward ratio is looking pretty good for a short on this pair.
Watch the Trend Line
As you can see the trend line on the bottom will come into play as it begins to fall so watch for a break on the bottom side for an initial push to the mid 1.1700’s.
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
