We have an active Thursday this week with 4 pairs to track a well as 3 active trades a lot of you are in. AUDJPY, EURAUD, NZDUSD are the active trades, I go over some trade management topics for these.
EURGBP & AUDNZD are both at support levels so keep an eye on how price develops over the next 12 hours. EURGBP has some strong downward movement so don’t be surprised if it plows through support.
GBPAUD has some potential on lower time frames for those of you more interested in the 4 to 8 hour time frames. I go over setting the appropriate targets with this trade which is going to be crucial in succeeding with this trade.
Lastly, USDCAD is showing indecision on top of resistance so keep a close eye on this one. Alarms and/or pending orders may be of use here if you aren’t going to be by your charts too much.
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