If you haven’t already noticed, Mondays are silent as the Quid Report is finalized for release later that day after the close. But the market doesn’t care what any of us have going on. And, very rarely does it develop in a way that could set off the entire week.
Sterling can move right at the beginning of the week when the forex market first opens. Big moves can happen at the Sunday/Monday open. Most times, though, sterling will retrace its market open move and trade right back to those opening levels you thought you missed. This often allows late and patient traders the opportunity to set up at those great price levels. So NEVER feel like you missed a trade on Monday.
But sometimes, there are opportunities that truly set up in the Monday session. The moves just keep going and going and you wish you got in at the Monday open. When sterling has the potential to move like that, I want you to know about it. My followers get these Monday morning calls.
Premium trade setups with targets and stops are published later in this week’s Quid Report.
Cheers to another week of life, peace, kindness and markets!