It’s About Time - Forex News by FX Leaders

It’s About Time

Posted Wednesday, March 1, 2017 by
Skerdian Meta • 1 min read

Just started scanning the charts on my forex platform and what I´m feeling right now is that the market seems to be in a good mood for some trading.

Yesterday was sort of dull and the forex market seemed really undecided. I guess forex traders felt sort of afraid to take any direction and stay on that train for too long.

But last evening, the nerves settled and suddenly everyone knew what direction they wanted to go. It was long USD, which can be seen very clearly on USD/JPY. This forex pair is about 200 pips above yesterday´s lows.

I feel bad that we didn´t open a long term buy forex signal last night around 11.60s. This area provided support about 4 weeks ago and we had mentioned it recently. Too bad we hesitated. However, I hope some of you took advantage of that opportunity.

At least our forex signal in EUR/USD reached the take profit target at last. It has missed SL a couple of times by 1 mere pip, so it´s good to see it finally went our direction. A good start for spring.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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