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Sunday, June 20, 2021

Currency Analysis (Week: 25 of 52):CADJPY, GBPUSD & XAUUSD

CADJPY

CADJPY Market Sentiment: Bearish 
XAUUSD 

XAUUSD Market Sentiment: Bullish 

GBPUSD 


GBPUSD Market Sentiment: Bullish 


KEY TAKEAWAYS

-Having a plan is essential for achieving trading success.

-A trading plan should be written in stone, but is subject to re-evaluation and can be adjusted along with changing market conditions.

-A solid trading plan considers the trader's personal style and goals.

-Knowing when to exit a trade is just as important as knowing when to enter the position.

-Stop-loss prices and profit targets should be added to the trading plan to identify specific exit points for each trade.


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