NZDUSD forex outlook

Weekly Forex Outlook: August 27

Hi traders! How’s your weekend going so far? Had any interesting trades on last week? I’ll tell you about my trades: there were none! It doesn’t happen a lot but the past week was incredibly boring. In the beginning of the week, nothing happened because all traders seemed to be in Jackson Hole anticipation mode.

 

Additionally, some of the reversal setups that showed promise kept on going in the direction of the trend and in fact, none of the setups worked out! This can absolutely happen but at the same time – because nothing was triggered – I didn’t lose any capital either. Capital preservation should be your number one priority.

 

Regardless, let’s hope that next week brings us more opportunities!
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