Forex Strategy Video: A Trading Strategy for the Majors Next Week
• The coming week may offer the market conditions needed to generate breakouts with follow through
• A technical drive, fundamental catalyst and ability for trend are key to medium-term trades
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The attractive technical setups from pairs like EURUSD, GBPUSD and AUDUSD will finally meet the market conditions necessary to generate breakouts with actual follow through. Tight congestion has weighed traders' patience but that oasis of quiet will pass with a heavy economic docket - with event risk that can stoke isolated volatility and jumpstart more meaningful trends - and a market prepared to reverse an extreme low in activity. In today's Strategy Video, we discuss the potential on EURUSD, GBPUSD, AUDUSD and USDJPY.
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