My position late friday ended up in break even. It seems the market has turned over the weekend. This is a rare situation but sometimes it happens. In forex everything is possible.
Monday morning. The currency that is most volatile is GBP, EUR and CAD. I will not talk on CAD since I dont trade it. For GBP and EUR, it has grown in strength. Market has turned and the trade is now to long GBP and EUR pairs.
I would be looking for opportunity to long GBPJPY and EURJPY. These are the pairs that shown significant trend turn that long position from now on will have a higher chance of profit.
At the moment all GBP and EUR pairs are making a correction. If support level holds, take your long entry on next low.
Good luck
MARKET REVIEW MON, 10 NOV. WEEK 46
Monday, November 10, 2008
