I am so pleased after seeing so many of you last night having good winning trades after Javid's update. It has made us even more determined to have more of you trading with success.
The USDCAD pair is still one to watch as it still has some energy to give us even more pips. Wait for the set ups though, don't go in blindly and don't get too carried away with previous wins. It is easy to get carried away after a few winning trades and I have a solution for anyone who after a series of wins think they are invincible. Go crazy for 10 seconds! No I mean it, go off the hook. Jump up and down with joy, sing and laugh like a mad person, high five the cat and kiss the dog but then once the crazy 10 seconds are over, come back to earth and plan your next trade. Always take out any emotion before your next position.
Another currency to watch is the CHFJPY. Again, wait for the next set up but this too looks likely to pay out more soon. Our 3D strategy yesterday on the CHFJPY provided over 200 pips.
Don't forget to check out www.fxcps.com/blog and www.fxcps.co.uk/blog for further forex analysis.
Have a good dynamic trading forex week.
Anne Chapman
Currency Analyst
