Monday, October 5, 2020

🕰️ Trading Time Frames: The New Trader’s Trap | 3 Charts to Watch This Week: EUR/AUD, GBP/CAD, and AUD/CHF

Today's forex trade ideas, trading tips and discussions for beginners, and the latest news affecting the forex market.
October 5, 2020
Trading today? Read this first.
Pip Diddy's checking out EUR/AUD today as we may see activity pick up quickly in the Aussie with the latest monetary policy decision from the RBA coming soon.
USD this week: Trump's COVID case, FOMC minutes

The dollar will be under the spotlight again this week as the Fed prints its meeting minutes and traders keep their eyes peeled for developments on the U.S. elections.

A busy week for the EUR

The euro is in for a busy week as ECB’s Lagarde takes center stage and Brexit talks heat up. Pip Diddy's got a list of potential market movers that might affect the euro in the next few days!

A look at how the major pairs started this week

Here's a real-time picture of how the major pairs have been doing since the market opened yesterday (1D time frame):

Charts to watch this week

Aside from a preview of last week's price action and an overview of this week's upcoming catalysts, Forex Gump also shares this week's pairs to watch: EUR/AUD, GBP/CAD, and AUD/CHF!

Trading time frames: The new trader's trap
The smaller your trading account, the smaller the time frame you should trade. And the smaller the timeframe, the more difficult it is to trade. Do you see the trap here?
Got a question for us?
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