EN thumb 2017.11.27


Forex Trading Weekly Review - 26.11.2017 (EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY)

    • 26/11/2017
    • EURUSD GBPUSD AUDUSD USDCAD USDJPY

Forex Trading Weekly Review - of 4 main Currency pairs EURUSD, GBPUSD, AUDUSD, USDCAD, USDJPY - based on Masterforex-V New Technical analysis.

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EURUSD currency weekly review: On d1 and w1 level this pair is back to the flat phase. On h4 time-frame this pair is now in a trend. New reference point is created. Forex trading is happening by using trend following trading system.

GBPUSD currency weekly review: On d1 and h4 level this pair stays broke through the upper flat border and now is in a trend phase up. New pivot point is protecting trend up.

AUDUSD currency pair weekly review: This pair is back to the flat phase of d1 and weekly level. On h4 the reference point is broken and this pair is now in a flat phase of h4 as well.

USDCAD currency pair weekly review: This pair is still in a flat phase of h4. As long as reference points are not broken.

USDJPY currency pair weekly review: Monthly and weekly flat phase is at the moment. This pair is in a trend phase of h4 down. New pivot point is created. Waiting for C wave of h1 up to finish to start using trend following trading system


1. Strategy

Develop exact understanding of how Forex Market moves and identify the strategic direction.

2. Tactics

Create a Tactical plan for each trading session based on your strategy. Know what you are doing and when you are doing it.

3. Trading System

Trading system is just a set of mathematical rules and nothing more.