Education
Fundamentals
-I can see price being pushed lower due to Brexit uncertainty, trade wars and China's economic slowdown
-JPY and CHF are used as safe haven currencies, and usually increase in strength in risk-off environments (when there is uncertainty in the market)
-It's important not to chase price; let price do it's thing and only pick the best set-ups
-Remember, sentiment is short-term, fundamentals are long-term
Technicals
-We can see 3 areas of confluence on the chart; demand zone , diagonal s/r and horizontal s/r
-The more areas of confluence, the more types of traders awaiting at these price levels; this can increase the probability of a trade successfully working out massively - why is there likely to be more supply/demand orders at this price level?
Fundamentals
-I can see price being pushed lower due to Brexit uncertainty, trade wars and China's economic slowdown
-JPY and CHF are used as safe haven currencies, and usually increase in strength in risk-off environments (when there is uncertainty in the market)
-It's important not to chase price; let price do it's thing and only pick the best set-ups
-Remember, sentiment is short-term, fundamentals are long-term
Technicals
-We can see 3 areas of confluence on the chart; demand zone , diagonal s/r and horizontal s/r
-The more areas of confluence, the more types of traders awaiting at these price levels; this can increase the probability of a trade successfully working out massively - why is there likely to be more supply/demand orders at this price level?