Thursday, September 3, 2020

🇬🇧 GBP/USD’s Current Trend Rating: Bullish! | CAD/JPY, EUR/USD, and GBP/CHF Trade Ideas

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
September 3, 2020
Trading today? Read this first.
Risk sentiment flipped quickly to negative during the U.S. trading session, and with risk assets (including oil) down big, the fall in CAD/JPY is one to watch for short-term pips.
Trade opportunities on EUR/USD, and GBP/CHF

What do you think of this trend play on EUR/USD and a triangle situation on GBP/CHF that Big Pippin has spotted today? Be quick because they're both currently on the move!

Trading term of the day: Market maker
A market maker is an individual or institution that buys and sells large amounts of a particular asset to facilitate liquidity. Here's more on what they do and how they make money.
GBP/USD's current trend rating? Bullish!

Both long-term and short-term trend strength indicators on MarketMilk™ are showing GBP/USD to be in the bullish territory. Check out its real-time market data here:

Revenge trading: Bleeding your account one trade at a time
In this Pipsychology article, Dr. Pipslow talks about what revenge trading is, why it's dangerous, and how you can recover from it if you find yourself in this situation.
"MattyMoney shares his trade ideas using MAs and Ichimoku"

Forum member MattyMoney writes, "I wanted to start this so that I had a place to put my trades, ideas, as well as all those little gems found scattered all over this forum that resonate with me."

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