Let’s look at some other key charts.

DXY chart:
Price is at a big area. I’m expecting a test and then a breakdown of price on the DXY.

Energy & Metal Prices;

Very close to an all time high now.


Big moves in the crypto market this week. Broke out of the consolidation (triangle formation) I showed in my last live session. At a big area, so it might struggle a little bit now. Keep comparing it to the DXY chart as a weaker USD should keep the bulls happy.


You can also follow us on Twitter https://twitter.com/marcwalton


Red flag news:
A lot of inflation news this week, but no big ‘landmines’.



We are now working with FX2 for funded accounts check it out below

Funded accounts


EUR/USD: Long from 1.0780 (looking for a pullback).

USD/CHF: Nowhere near any stop on the daily. Look out for 0.91900 on the shorter timeframes.

GBP/USD:  Long from 1.2250 (again looking for a pullback).

AUD/USD: Bounced off the 200. Looking for it to break 0.68500 now to long.

NZD/USD: Similar to AUD/USD. I’m looking for it to break 0.63400.

USD/CAD: Need a break below 1.32800 (I’m expecting further downside).

USD/JPY: 133.00 is a key level.


GBP/JPY: Long from 162.900

AUD/NZD: Short if it breaks below 1.0770

NZD/JPY: Short from current position (83.000 area).

AUD/CAD: Short from 0.9100

*EUR/CHF: Same as my last post -“Not my favourite pair, but at the KEY parity level now. I’d look to long if it breaks above this level”.

GBP/NZD: Long from 1.9540

NZD/CAD: Short from the current position at around 0.8370

As always, remember correlation! -Especially when taking more than one JPY trade!

M3 -Shorter timeframes.

I do my analysis on daily and weekly charts first and make a note of the MAJOR areas of support and resistance. Then copy them onto Pierre’s Earth and sky template. Then I make a note of the weekly & monthly pivots points and add them to the charts. You will see lots of opportunities line up during the week. The important thing then is to select a bias for the next few days and do NOT take trades if the price is too near a trend line or pivot. Ideally, you want to buy when the price is near a major support and or pivot point line and has the potential to make at least 40 pips. Vice versa for a short.

New members, please note: If I am looking to take a trade long, for example, 1.5000, I place my order 10 pips above & 10 pips below for a short. This is because price often does not quite reach a major line and you need to allow for spreads.

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):