Daily Forex Technicals

This post is not for intraday traders, but for the swing traders who never want to lose a trade.

All world markets including forex are waiting for December 12 U.K. elections and are trading in a very small range and expected to trade in range for some more time.

In my previous posts, I wrote that Eur/Usd and Gbp/usd are trying to find a bottom price ( safe price to trade). Following are the current trading opportunities in both the above pairs.

Eur/Usd:- The downtrend in Eur/Usd will soon find a bottom price, we will have to wait for couple of days. Risky traders may start buying at 1.1010 but price will still go down a little probably till 1.09600-700 .

Gbp/usd :- As discussed earlier that Gbp/usd has started the downtrend and will try to find the bottom in coming days at 1.2700 . But yesterday’s price action shows that Gbp/usd is now trading in the mid of it’s trading range and trying to trap the traders and then will find it’s clear direction. So, I highly recommend my followers to stay away from this pair for some time. Remember our motive is never lose a trade.

Daily forex technicals :-

This post is not for intraday traders, but for the swing traders, who never want to lose again.

Fundamentally all world markets including forex are waiting for 12- December U.K. elections, so a range bound price action can be expected with a thin volume.

In my previous post, I highlighted to find the bottom price in both Eur/Usd and Gbp/usd. Following are the current trading opportunities in both the above pairs.

Eur/Usd:- The downtrend in Eur/Usd will continue for a while. For now time is to stay away from the pair. In coming days the pair will give a good opportunity to buy probably at 1.09500. Current strategy is wait and watch, if you never want to lose a trade again.

Gbp/usd:- The downtrend in Gbp/usd started last week is continuing at this point of time. Also the pair will take 3 to 4 days to find the bottom probably near 1.2700 . Current strategy is wait and watch, as the pair is in No man’s land.

EUR/USD:– Eur/Usd started to trend downside, now the question is where is the bottom. I will tell you the bottom in my coming posts.

GBP/USD:–– Gbp/usd is also facing downside pressure, we will pick the bottom in the coming days.

Keep following my posts everyday, Whenever I will see a new emerging trend I will inform you.

Forex trading is a very challenging profession. To be a successful forex trader is not an easy task. Only 5% of traders are successful in forex trading. But those in the list of successful traders fly to in the upper sky. Everybody without experience starts with loss, it takes time to be successful. Here I will share my 10 years experience in capsule form and I can make sure that if my posts be followed, you will get rid from further losses.

In the atmosphere of money oriented fake world, I will always stick with truth, and prefer to earn my readers trust. In trading our rule will be KEEP IT SIMPLE and clear, no complications. I am sure my readers will get benefits with my experience.

Reader’s questions, suggestions and feedback will always appreciated.