Hi everyone,

I had a frustrating week like Ashley, had many power cutouts, and in the process missed a trade that went on to do 100+ pips. I have shown this in my last blog post which you can find below.

Sweetspots, Emas, Fx, Stocks & Indices Updates

Ashley also shared how he missed the EURCAD which he had put a forward order on by 13 pips! It then went on to do 120 pips!
You can find that post below
Missed 120 pips on EURCAD

This week will be one of the biggest tests for all the currencies before the year ends. We have plenty of news which makes it very tough to hold on to trades as the news could ruin your setup. Taking profits along the way or closing the trade when you have made your profit target could be the smart decision if you decide to trade this week.
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The Forex Week Ahead

There is plenty of news this week so the first thing would be to have a plan before you place a trade. Make sure you are trading around the news and manage your trades when the news comes out. We could say that every day is an important day for one currency or the other so we would need to ensure to play it safe or just don’t trade that currency until the news is out.

In the video, I have shown you a lot of technical setups for the week ahead. But this could change with the news events.

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MAJORS

My fundamental bias is still $ strength versus all majors. As ever keep watching the $ index for clues.

Remember I am looking for “A” grade trades from weekly & daily charts that I can place the orders and then just walk away.

EUR/USD: It is stuck at a trendline. The issue is I have nowhere for the stop. But the 4HR 1.0400 is very interesting for a long.

USD/CHF: Leaving it alone as it’s messy.

GBP/USD: Same scenario as the EURUSD. I would prefer a long at 1.21150 on the 4HR.

AUD/USD: Not interested but 0.66090 is an area to watch for long.

NZDUSD: not interesting at the moment but still far away from the EMAS.

USD/CAD:  Looking to long around 1.3050, still miles away.

CROSSES

EURGBP: Very messy leaving it alone.

EURCAD: Stopped at the 200MA, but not enough reasons for the stop to short. Much more interesting to long at 1.3830 which is the sweet spot.

EURNZD: Missed it by a few pips this week and went on to do 100+ pips. I would short again at 1.66260.

EUR/AUD: 1.52700 is interesting for a long as we have multiple reasons. You could do a split entry and have one order at 1.53000.

GBPNZD: Interesting to short at 1.94 and 1.95 regions. Remember the GBP news.

AUDCAD: Interesting to long at 0.90260 on the Daily.

AUD/NZD: I don’t like this pair. my private client has pointed out 1.0760 for a short which is interesting.

GBP/CAD: 1.61270 is interesting for a long.

CAD/CHF another one a member asked me to look at 0.7350 is the start of the zone.

EURCHF: A pair I don’t trade but one of my private clients pointed out that it is approaching the parity region. It looks interesting to short there at 0.99650.

As always, remember correlation!

We are NOT a “tipping service” our aim is to teach you how to trade for yourself.

Watch the video below for more detailed explanations of this week’s analysis and trade plan (click the 4 arrows bottom right to view full-screen):

Regards

Marc