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Every day, I will try to find what I believe is the best looking short term currency trade setup for the upcoming trading day or week. If you're a forex newbie, it can be tricky trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology behind price movements in the foreign exchange markets, so you can learn to analyze your own currency charts and trade on your very own. I will post my ideas and/or reviews through out each session right here, on Twitter and on Facebook.
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Price action was rather muted during today's morning London, likely because traders are waiting for the ECB presser. It's wasn't a complete snooze fest, though, since there were some rather wonky directional movements from the Aussie and the Kiwi. ...Read More