Hi there, today will be a pip winning day as we expect the markets to trade smoothly..
We have a light trading calendar with the NZD getting the most fundamental attention later in the day.
Credit: ForexFactory.com Time: +2 GMT
Forex Trade Idea: Buying EURUSD from 1.06380
We are bullish on EURUSD later in the day as we expect sentimentals to support this idea for now.
We begin buying on the 1H chart when the steam of the sellers dies out at about th3 60% area.
Today’s Lesson: You must prepare.
The first success principle is preparation. It’s the foundation of success. With preparation you create your own opportunities. Once you have all the different elements lined up, it only takes a small opening to realize your goal.
At the same time, taking advantage of big opportunities without enough preparation means risking your success, as you’re building without a well-laid foundation.