The importance of following a sequence of trade analysis even after a trade settlement does not stop as we have always emphasized, The series of mix reports resulting to price swings in both directions for the US Dollar, CABLE and the EURO have been anticipated.
For several reasons other than the US GDP & FOMC minutes, UK GDP, ISM figures that led to a relief recovery for the US Dollar at the closing week of May 1: which happens to be also the first trading day of the new month. An over-lapping trading case scenario more often neglected and disregarded for its value & significant importance by some analysts, traders and investors for that matter.
This is were real traders and market strategist differ while uniquely separated from one another. The likes of protecting the gains made from the European majors against any adverse price swings well ahead of the market. More to follow this week as we would be watching the movements of the correlated pairs with their corresponding cross rates specially the EURGBP, EURO, & USD
"Sequence of trades & analysis do follow and does not stop after trade set-up
nor when a settlement has been made."
Being ahead simply means you'd be out of the market, while others are just getting in.
nor when a settlement has been made."
Being ahead simply means you'd be out of the market, while others are just getting in.
 |
| EURGBP CROSS RATE |
 |
| BRITISH POUND |
A
Cipher3 Applied Analysis & a Combination of a Counter-trade Strategy
By:
Alexander @MegaTrade101
No comments:
Post a Comment