✨ Friday Market Prediction

It is easy to make market prediction on Fridays. Especially if this is the last Friday of the month.

In more than half cases most of the assets go up at the end of reporting period, it is just because employees on all levels prefer to report profit not loss.

But unless price closes confidently above previous high during the weekend, apparent growth on Friday afternoon says nothing about overall trend.

If you know what you are doing, scalping at the end of the reporting period is not entirely a bad idea. But I wouldn’t recommend it. It is not as easy as it may look.

Actually if you are a spot trader just make your weekend longer, include Friday and Monday 😂

In most cases market will present a great trade opportunity in the middle of the week again.

Actually often it is a good idea to book profit on Friday night.

#quinn_tips

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