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► 2 Jul 2019 – 📈 Weekly Trading Analysis 💸
Arb Trader Ali dives back into his most favourite trading pairs, Cable, Euro Dollar and Bitcoin.
GBPUSD is likely to have a mixed week in terms of volatility. This is because of the upcoming holiday on the 4th of July and the Non-Farm Payrolls immediately after that.
Ali takes a look at whether the Pound will continue its downward trend in the face of the Brexit uncertainty. Perhaps a sideways consolidation is possible in the 250 point range.
On EURUSD, we are entering a short term bullish movement. We have passed a number of points of consolidation and broken a number of trendlines.
Ali also takes a look at the potential resistance levels on the recent bullish run.
On Bitcoin, Ali takes a look back at his call last week on a potential retracement from the 12.5k level. From a parabolic run under 12k, it was only inevitable for a pullback.
Ali charts the potential levels of Bitcoin over the next week as the market takes stock of the losses.
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► Warning!! ⚡️
Trading Forex & Cryptocurrency is very risky. Make sure that you practice adequate risk management to protect your account.
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► Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results. Open CDPs at your own risk!
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