Trading Room

Weekly Forex Analysis May 1 – 5 – Looking To Sell JPY

May 1, 2023 | 5:22 pm | The 5%ers' Blog > Trading Room
May 1, 2023 | 5:22 pm
The 5%ers' Blog > Trading Room
Weekly Forex Analysis May 1 – 5 - Looking To Sell JPY

We found an interesting level on CAD/CHF

The trading rooms are the opportunity to trade together with our traders!

The rooms are available for all traders four times a week.

In the trading rooms, we will all interact, scan and analyze the markets, trade, ask questions to each other, and share market visions and trading opportunities.

In today’s trading room, we analyzed the major pairs to look for long-term setups.

We found an interesting level on CAD/CHF, as it is trading at historically low levels. In many cases, we tend to see governmental interventions to reverse these markets.

We established a bearish bias on gold, as it formed a divergence pattern on the daily charts and bearish strength on the hourly timeframes. Based on that, we took a profitable short scalp on gold.

 

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