Why Do We Monitor The Monthly Chart?
Professional trader Lee Sandford hosts the monthly members’ update for March. It’s the beginning of the month which means we will be looking at new candlesticks opening up. Lee discusses why we look at the monthly chart and how it impacts our trading. As technical analysts we look at chart patterns to gives us a heads up on where the market is going to go next. This allows us to be one step ahead of the game. When we look at the monthly chart, we look at support and resistance, divergence, and the PTS buy and sell signals to get a big picture outlook of where the market could go next.
Markets analysed: Forex major pairs, Indices, Commodities including Oil & Gold
Last week at the Forex show, Lee predicted that the EURUSD would go down this week and his predictions have been confirmed. Watch our free update to find out more.
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