Hello traders! I want to know what preparation do you usually do on weekends for the upcoming trading week?
I have very little to do. I look at the weekly charts for the major 28 forex pairs and log whether they are bullish or bearish for 3 criteria only to give me an idea of the strength of their trend (if any). I also look at a couple of MA’s on the charts to see if they are sloping bullishly or bearishly for each of the two currencies on each of the 28 charts but I do this every evening anyway.
This gives me my targets for the week unless there are reversals and then I can just wait for weakness to show up and give me a chance to get into the trend.
I do not read or watch any fundamental analysis or business or economic news. I usually check my weekly chart conclusions against FXEmpire.com’s on Youtube.
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