Watch the latest Weekly Forex Forecast to see how Justin Bennett is trading the EURUSD, GBPUSD, NZDUSD, XAUUSD, and BTCUSD through May 15, 2020. Watch this video before trading these currency pairs!
RESOURCES & LINKS:
_____________________________________________
Become a YouTube channel member and receive 5-10 analysis videos each week!
http://bit.ly/2PKnKJD
Subscribe to Justin’s Channel Today:
http://bit.ly/2lTRJCh
Weekly Forex Forecast for EURUSD, GBPUSD, NZDUSD, XAUUSD, BTCUSD (May 11 – 15, 2020)
https://dailypriceaction.com/setups/forex-forecast-may-11-15-2020/
Need help with your trading? Join DPA today!
https://swingtrading.dailypriceaction.com/lifetime-membership
Download Justin’s Forex Charting Platform:
https://www.blueberrymarkets.com/lp/dailypriceaction
_____________________________________________
EURUSD Forecast
_____________________________
The EURUSD played out perfectly for myself and DPA members last week.
I went short on May 1st when the euro was trading at 1.10, an entry I announced in the member’s area at the time.
Many took profit last week below 1.0800 based on the 4-hour wedge below as this pattern was on my radar well before Thursday’s session.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-may-11-15-2020/
GBPUSD Forecast
_____________________________
The theme for this week’s forecast is consolidation in the form of wedge patterns, and GBPUSD is no exception.
I discussed both of these levels last week.
NZDUSD Forecast
_____________________________
I’ve discussed the 0.6200 confluence of resistance for NZDUSD for over a month now.
It’s been a slow grind higher, but it appears we may finally get a retest of the 0.6200/50 region next week.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-may-11-15-2020/
XAUUSD Forecast
_____________________________
XAUUSD (gold) is another market that is moving within a wedge pattern.
It seems the market is digesting the aggressive snap-back in price between mid-March and April.
So, will it break higher?
BTCUSD Forecast
_____________________________
BTCUSD (Bitcoin) is something I discussed last week.
I’ve also been telling DPA members since April 12th that I have been buying Bitcoin every day, something I’m still doing now.
The price of BTCUSD was below 7,000 when I first announced that, so things are going according to plan so far.
Continue reading…
https://dailypriceaction.com/setups/forex-forecast-may-11-15-2020/
Subscribe: http://bit.ly/2lTRJCh to learn more Forex tips and strategies.
Get free Forex setups: https://dailypriceaction.com/setups
Read more on my blog: https://dailypriceaction.com/blog
#EURUSD #GBPUSD #NZDUSD #XAUUSD #BTCUSD #Forex
Disclaimer: Any Advice or information on this website is General Advice Only – It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Daily Price Action, its employees, directors or fellow members. Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd’s, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.
Comments
Comments are disabled for this post.