Updated: Jun 30
DAY & DATE - THURSDAY, JUNE 25, 2020
CURRENTS NEWS ANALYSIS:-
So, today we are having USD CURRENCY 27 EVENTS. So, impact on other currency pairs can occur because of whole day USD NEWS like " core durable goods orders ( MoM), Corporate profits, GDP sales, Initial jobless claims.
Session to Trade and its currency pairs.
1) Tokyo + Sydney
AUD/JPY, EUR/JPY, GBP/JPY.
2) Tokyo + Uk
AUD/JPY, EUR/JPY, GBP/JPY, EUR/GBP, EUR/AUD
3) London + New York
EUR/JPY, GBP/JPY, GBP/CAD, EUR/CAD, EUR/AUD, GBP/AUD, EUR/CHF,GBP/CHF
4) New York
DONT TRADE IN NEW YORK SESSION
Trade-in these three sessions of market only, not to trade in Tokyo and Sydney single session.
Use quaternary rules to check whether the market has good volume or not.
The market can be highly volatile due to the impact of the USD event.
Merchant Tradings Alert:-
Don't trade more than 5 trades today and place trades when there is Sureshot confirmation from candlestick psychology and price action.
Use application on play store for analysis of session current going on.
Disclaimer- Market is subject to risk, Merchant Trading firm and group is not responsible for any kind of loss.