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Friday, April 8, 2011

Trend for 8th of April 2011

So, eur/usd broke to new heights today and it may mean that no rest before another big trend up. If the situation continues on Monday, the best way to trade it is to buy on dips. That is the most famous trend trading strategy that most investors use. I try to avoid trading Asian sessions as the volatility is very low at those times and I try to wait for trading opportunities during European sessions where you have the biggest volumes. 

So, if you want to jump in this possible trend in eur/usd enter after retracements. But be very careful as the market can turn back on Monday and trend will be over sooner than you realize it. I am not going to present you any charts. I will do it tomorrow. Have a nice day. 

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Trading financial markets carries a high level of risk, and may not be suitable for all investors. All information on the blog is of educational nature and cannot be considered as advice, recommendation or signals to trade in any financial markets.