Bullish Trading Bias British Pound
This Week’s FREE trading bias was for the Gbp/Usd currency pair. This week was a good example showing how my strategies do not focus on the number of traders but instead look for high-quality trading opportunities. This week the high-low rule disqualified a potential trade in our zone. For those traders that did follow the trading rules, you should have made 0 pips.
Forex Market Outlook
This week I will take a look at a few currency pairs to see if we can find possible trading opportunities. The four currency pairs that we will focus on in this video will be Gbp/Usd, Eur/Usd, Usd/Jpy and Usd/Cad. When looking at these pairs I will be paying close attention to the MACD indicator on the daily chart. I will be looking for divergence as this can provide information as to if the currency will bounce and continue in the direction.