Recently, some have been asking our guest vlogger Rayner Teo whether the EUR/USD has bottomed out? No one can consistently predict where the market will bottom or top out.
But as a trader, we always react to the current flow of the market, trading along the path of least resistance.
Join the iFX EXPO Asia and discover your gateway to the Asian Markets
FBS Receives Best Forex Broker Europe 2019 Award by The European MagazineGo to article >>
Rayner Teo explains why setting your trades to break even quickly may not be the best suggestion.
Instead, he intends to teach you how to trail your stops accordingly, based on what the market is telling you, and not how you feel.
Lastly, we look at GBP/JPY which has traded into multi-year highs. Furthermore, there could still be the opportunity of a long setup if certain factors line up, which is explained in this week’s video.
Good luck and good trading!