Freaky Friday No Trade Zone I love to trade just not on Friday.. So I will wait to after lunch and see what the market has revealed
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Thursday Morning MovementThat tricky market.. Decides t make moves when we can't join in.. No problem the music never stops. We will be dancing later in profits. So we do our usual and wait with the patience of a spider... I am looking LONG since there has only been BUYING going on. We will wait for a steep decline, monitor the behavior and then make an assessment of whether a high probability trade set-up exists or not.. I suspect we will find one...
GBP/USD Early Sunday Morning Outlook Early Sunday and we are just peeking at the market. I have 2 areas of Interest. They are price levels 1.3050 region and the 1.3000 price level. At these points we should be able to get a glimpse of WHO actually wants to sell & buy. Before we as retail traders can make any decisions we need to KNOW what the institutional money wants to do.
The 1.30 & 1.305 price levels should give us a good indication of how to proceed. There is even the possibility of entering the market as the money moves to one of these levels. However caution MUST be used if we do so. The areas in between these levels will be ripe with ambushes and set-ups.
Hopefully the price levels in between 1.30 & 1.305 will have some well structured movement where we can place some well calculated binary options bets also...
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