At the end of each trading day, I will find what I believe is the best looking short term trade setup for the upcoming trading day. If you're a forex newbie, it can be tricky in the beginning trying to figure out how to look at charts and draw lines. My goal is help you understand the psychology of price movements so you can learn to analyze your own charts and trade on your very own. Trades will be posted by 1 am ET, Monday through Thursday evening.
Read First: Trade Rules!!
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No trade idea at the moment as it the market is looking pretty choppy. While we do have important economic events in the pipe for today, I think we will see limited movement and directionless trading ahead of the US CPI data which could definitely make some waves in this inflation sensitive trading market. So, we will hold off for now and see what happens after today's US PPI report as it could give us a clue, and possible trade ideas for Friday's reports. Stay tuned!
