Trading Plan – Monday 19th April 2021: Institutions forecast Euro rise

Mark NugentApril 2021, Trading Plan

Trading Plan – Monday 19th April 2021: Institutions forecast Euro rise

Welcome to week 16. We start with indecisive risk sentiment as almost always.

On Friday night I closed Trade 21 (S&P500 long) for a gain of 1.76%. There is a brief video of this trade in the member’s area. I will be talking on Wednesday about my strategy for buying the dips with pending orders. This is my chosen approach when equity indices are at all-time highs.

Coming back to this week, I re-assess my view of the EUR, based on the EuroZone finally getting up to speed on vaccinations. There is 15-times risk to be had if Goldman Sach’s forecasts are correct.

On the economic calendar we have two rate decisions – European Central Bank and Bank of Canada. No changes are expected but as always, we shall be watching the commentary closely for signs of impending changes to monetary policy.

As always, the member’s video is in the member’s area.

I’ll be back on Wednesday.

Members can access the VIP Club area HERE