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Sunday, June 13, 2021

Currency Analysis (Week: 24 of 52): CADJPY, GBPUSD & XAUUSD

XAUUSD

XAUUSD Market Sentiment :Bullish 
CADJPY 

CADJPY Market Sentiment : Bearish 


GBPUSD

GBPUSD Market Sentiment :Bearish

Before entering a trade, make a checklist and ask yourself the following questions:
  1. Is the market trending or ranging?
  2. Is there a significant level of support or resistance nearby?
  3. Is the trade confirmed by an indicator?
  4. What is the risk to reward ratio?
  5. How much capital am I risking?
  6. Are there any significant economic releases that can impact the trade?
  7. Am I following the trading plan?

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