I’m not trying to be a party pooper, but this guy might describe the market this week.
How come?
Ummmm Yummy! It’s that time of the year again. Thanksgiving!
Most Americans will have turkey, family, and friends on their minds this week so expect overall market activity to be very low. Don’t think it’ll just be the U.S. session. Those Yankees also trade during Asian and European hours but not during Thanksgiving time. Take another look at that thing. Looks so juicy.
There will be lots of spikes and I wouldn’t be surprised if bored market makers out there who aren’t giving thanks will be on the prowl for stops.
Low liquidity = lots of spikes and lots of stop hunts.
So I’m faced with a dilemma…
Since it’s basically a holiday this upcoming week, should I even trade and write a chart analysis? Well like the Boy Scouts motto says, we have to be prepared for anything. I don’t expect the market to move BIG this week, but we may still be able to make some pips! Yeah baby yeah!
For the rest of Pip Daddy's free comprehensive chart analysis, check out http://www.babypips.com/forex-analysis/forex-chart-analysis.html
Hope you all had a great weekend!
Cheers,
-BigPippin
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