Daily Alert – Thursday 4th June 2020: Markets take a breather, protect your profit

Mark NugentDaily Alert, June 2020

Daily Alert – Thursday 4th June 2020: Markets take a breather, protect your profit

For the third week in a row, the consistent market moves we have seen in the first half of the week have paused. For most assets, prices are holding at yesterday’s close. Now is the time to protect profits by moving stops close to current prices or by banking some profit by partially exiting your trades.

I will not be looking for any other trades this week. My AUDJPY long will make more this week (at least 6%) than most investors will make in a year.

Later today we have the ECB rate and statement. Significantly more stimulus is expected. If not at this meeting then soon. The statement will be the interesting bit.

Have a great weekend when it comes and I’ll be back on Monday with your Trading Plan for week 24.

VIP Club members can watch the video HERE