Best Forex Trading Plan.

[hajigul1993]

On the downside, and in case of a data miss that turns investors even more pessimistic around a September 2019 rate hike, immediate support to declines may come from 1.1620, the low of July 27. Even lower, the July 19 trough of 1.1570 would come into view, before the 1.1506 hurdle attracts attention.

[hajigul1993]

In case these data come in stronger than projected, particularly on the core inflation and GDP fronts, markets could become a little more confident regarding the likelihood of a September 2019 ECB rate hike and hence, push the euro a little higher. Technically, looking at euro/dollar, a first line of resistance in case of advances is likely to be found around 1.1750, the peak of July 23, with the area around it also encapsulating a few tops from the recent past.

[hajigul1993]

The core CPI rate which excludes energy and food items is also anticipated to remain at 1.2%, while the measure that also ignores tobacco and alcohol is forecast to tick up to 1.0% on a yearly basis, from 0.9% previously. As for GDP growth, it’s expected to come in at 0.4% in quarterly terms in Q2, unchanged from Q1. This would drag the yearly growth rate down to 2.2%, from 2.5% previously. The bloc’s unemployment rate for June is also due out.

[hajigul1993]

This week’s data dump out of the Eurozone seems unlikely to alter this pricing in a material manner, at least according to forecasts. In July, preliminary figures are projected to show that the bloc’s headline inflation rate held steady at 2.0% in yearly terms.

[hajigul1993]

He was essentially seen as applauding the fact there is some uncertainty involved with current pricing, highlighting that the Bank wants to keep its options open and not pre-commit to anything so early. As a result, bets for a 10bps rate increase in September next year faded a little, with the implied probability for one now resting at 69%, EONIA swaps and Euribor futures suggest.

[hajigul1993]

The euro is still licking its wounds following the latest European Central Bank (ECB) meeting last week, where President Draghi endorsed the relatively dovish market pricing around a potential rate increase late next year.

[hajigul1993]

The Eurozone will see the release of its preliminary inflation data for July, as well as the first look at GDP for Q2, both on Tuesday at 0900 GMT. Forecasts are pointing to largely unchanged inflationary pressures and economic growth, something likely to solidify dovish expectations around ECB rate hikes, potentially keeping any advances in the euro limited for now.

[hajigul1993]

LONDON, July 30 (Reuters) - Major currencies largely stuck to familiar ranges on Monday as investors shied away from taking big positions ahead of a flurry of crucial economic data and central bank monetary policy meetings this week.

[hujan]

yes bro, actually with me, I personally do consider that the best plan to trade is money management in accordance with my knowledge and experience. If we can control our money management skills, and can wait for the right time to open trades, then we can benefit from trading, otherwise it is difficult to find success here in trading. and The best forex trading plan includes a good way to generate profits without risking too much money. Yes if you make too much money and risk too much more than that plan is not good enough. It's better if you want to make money, try a strategy that gives you more prizes with less risk. It's really a smart move to do as well as a smart strategy or a plan to make money. If you do that, you do good.

[anyun]

of course, my dearest I think it's so true that every trader should have a different trading strategy. Here we must already know our basic style of trading. our style can show us the trading strategy that suits us. we will make technical analysis and manage risk management. and simple strategies, we will not be bothered with trading one of them by using one or two pairs at a time when too many couples will become the headache itself, and also use a good moving average and I have been wearing it