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Forex Market CommentaryThe following Forex Market Commentary is intended as "Trading Education" in that you can see what Trading Set-ups I see and then follow-up on your charts what happens. If you decide to trade any Forex Currency pair as a result of what is written here that's your decision. There are no comments made that are intended to be trade alerts or advise to tradeMonday 2nd August 9amUK Euro now seems to be Range-bound between 1.3100 and 1.3000 - a break-out of this area should see price continue continue for a trade. Preference is for a long trade 1.45 PM UK and we see the price finally breaking above 1.3100 . 3.00 PM UK just moved 100 pips - nice trade Friday 30th July Euro has just bounced off 1.3000 as expected but any move below that level of support within the next couple of 4 hour bars should see price hit 1.2940 Cable has similarly bounced off 1.5560 and again any move below that should see price hit 1.5500 |
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5 Topics below are the foundation of what we teach and explains how
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DISCLAIMER
The risk of financial loss in trading currency can be substantial. You should, therefore, carefully consider whether such trading is suitable for you in light of your financial position. Do not use any money for currency trading which you cannot afford to loose. The high degree of leverage used in currency trading can work against you as well as for you and therefore can result in very large losses as well as gains. FOREX trading may not be suitable for you. If you have any doubts you should contact an Independent Financial Advisor. In particular some activities mentioned may not be regulated under the Financial Services Act 1986 or at all and the protection provided to you under this Act will not apply. Although the information provided to you on this site is obtained or compiled from sources we believe to be reliable, we can not and do not guarantee the accuracy, validity, timeliness, or completeness of any information or data made available for any particular purpose. The information in this site is provided "as is" and we do not guarantee the accuracy of the materials provided herein for any particular purpose and expressly disclaim any warranty or fitness for a particular purpose. We will not be responsible for any loss or damage, financial or otherwise, that could result from any information made available to you via this site. No information or opinion contained in this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or service |
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