For those of us out there interested in currency forex trading i have included my updated table of support and resistance levels to give you an idea of where things may pause for breath or turn around. This table includes EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, EUR/GBP, EUR/CHF, AUD/JPY, Gold and silver.
Friday night was a good example of not only why you should ALWAYS have stop losses on your positions, whether you are forex day trading using forex trading software or whether you are currency trading with a bigger picture longer term view in mind. The markets on Friday night were fantastic for those that follow a forex trading system similar to my own that involves leaving orders away from the market based on firm technical levels.
Happy currency trading!
