Good evening, traders!
This week was good for trend following strategies, but bad for reversals. Trends make up 20-30% of market movements and exist only on historical charts, so it is very difficult to predict when they will occur.
Today I want to overview my unfavorable predictions and take your attention to the topic of how to avoid losses on the examples of the previous week.
Good evening traders ☀️
One week passed and today I see interesting ASK imbalances in such currencies as British Pound (6B), Canadian Dollar (6C), Mexican Peso (6M), and they can be realized as shorting opportunities during the next week. Also, I see BID imbalance and potential buying opportunity in Natural Gas (NG) if the price will fix above HFTs’.
I won’t take much time, I managed to talk about everything in 5 minutes