The Double Top Formation has been validated. According to the DOW theory, we are in a downtrend. So now, we will be looking for short trade after the end of the retracement phase. The best will be if the market retrace up to 50%-61.8% of the Fibonacci Retracement levels.
Hello LudivineTrader, I see the pair USDJPY reaching the value of 109.69 in the next weeks, as forex trading ideas daily would be good to go long term with the operative, due to the strength that the American dollar has taken.
Are there any political incidents which might shake the dollar such as Donald Trump in more trouble? Just when things start to calm down he likes to stoke the fires again!
While going for a broker, try ECN brokers. Eurotrader allows traders with more than 200 technical tools. They use smart bridge technology to ensure traders’ smooth performance. So, try to make your trading performance flourished.
Many brokers available around the market offer 500:1 trading leverage. Avoiding such a big amount of leverage is essential for traders because it accelerates the trading risk. FXOpulence provides 1:500 leverage to traders with tighter trading spread.
