In this video you will learn how to trade forex trading opportunities against the main trend. Trading against the main trend makes only sense when there is a volatility and enough room to target to the next support/resistance zone. You willl learn how to trade against the main trend on this USD/JPY short trading setup.

Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the fx market. Don’t trade with money you can’t afford to lose. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Weekly forex outlook opinions on this page are for informational purposes only and are not investment advice. You should do your own research before making any investment decisions and take full responsibility for your own results, performance.

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Editors’ Picks

EUR/USD drops toward 1.0300, eyes on Powell

EUR/USD drops toward 1.0300, eyes on Powell

EUR/USD came under renewed bearish pressure and dropped toward 1.0300 amid month-end flows. The US Dollar Index gathers strength following the mixed macroeconomic data releases while investors await FOMC Chairman Jerome Powell's speech.

EUR/USD News

GBP/USD retreats to 1.1900 as US Dollar recovers

GBP/USD retreats to 1.1900 as US Dollar recovers

GBP/USD has reversed its direction and declined toward 1.1900 after having climbed above 1.2000 earlier in the day. Wall Street's main indexes are trading mixed after the opening bell and the US Dollar benefits from the cautious mood ahead of Powell's speech.

GBPUSD News

USD/JPY holds steady above mid-138.00s, upside remains capped amid softer USD

USD/JPY holds steady above mid-138.00s, upside remains capped amid softer USD

USD/JPY lacks any firm direction and seesaws between tepid gains/minor losses on Wednesday. Sluggish US bond yields keep the USD bulls on the defensive and act as a headwind for the pair. The Fed-BoJ policy divergence continues to lend support ahead of US data and Powell’s speech.

USDJPY News

Editors’ Picks

EUR/USD drops toward 1.0300, eyes on Powell

EUR/USD drops toward 1.0300, eyes on Powell

EUR/USD came under renewed bearish pressure and dropped toward 1.0300 amid month-end flows. The US Dollar Index gathers strength following the mixed macroeconomic data releases while investors await FOMC Chairman Jerome Powell's speech.

EUR/USD News

GBP/USD retreats to 1.1900 as US Dollar recovers

GBP/USD retreats to 1.1900 as US Dollar recovers

GBP/USD has reversed its direction and declined toward 1.1900 after having climbed above 1.2000 earlier in the day. Wall Street's main indexes are trading mixed after the opening bell and the US Dollar benefits from the cautious mood ahead of Powell's speech.

GBPUSD News

Gold falls toward $1,750 amid rising US T-bond yields

Gold falls toward $1,750 amid rising US T-bond yields

Gold price came under renewed bearish pressure and declined toward $1,750, erasing a large portion of the daily gains. Ahead of FOMC Chairman Powell's highly-anticipated speech, the 10-year US T-bond yield is up more than 1% on the day, weighing on XAU/USD.

Gold News

ECB director calls for Bitcoin ban, says BTC is not suitable for payments or investments

ECB director calls for Bitcoin ban, says BTC is not suitable for payments or investments

European Central Bank's head stated Bitcoin should not be legalized. The bank’s director general Ulrich Bindseil states that regulation of cryptocurrencies is not equivalent to legalization.

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S&P 500 (SPX) waits for Powell as ADP helps doves and GDP helps hawks

S&P 500 (SPX) waits for Powell as ADP helps doves and GDP helps hawks

Equities snoozed across the finish line on Tuesday with little catalyst. The Dow closed completely flat almost to the tick. The NASDAQ was lower by 0.7%, and the S&P 500 was also barely changed. 

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