{"id":218287,"date":"2022-10-05T10:43:59","date_gmt":"2022-10-05T09:43:59","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=218287"},"modified":"2024-05-24T15:15:44","modified_gmt":"2024-05-24T14:15:44","slug":"trade-levels-for-the-week","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/trade-levels-for-the-week\/","title":{"rendered":"Trade levels for the week"},"content":{"rendered":"<p>Hi,<\/p>\n<p>Here is an update on potential trades I discussed in our live webinar Yesterday. For non-members, this will be posted tomorrow on our blog.<\/p>\n<p>I mentioned in the video that I am leaving the GBP and the GBP cross pairs alone for now. This is because there is nowhere for a stop and further Bank of England intervention could drive the price of the pound higher.<\/p>\n<p>Remember they have \u00a365 billion to pump the market for another two weeks so there could be price manipulation.<\/p>\n<p>The same is happening with the YEN as BOJ have given clues that they are watching the price of the YEN and will intervene when necessary, however we haven&#8217;t really seen much of that, and the YEN has made all-time lows against the USD.<\/p>\n<p>The $ is pulling back today, therefore stocks are rising ( I mentioned this was probable on Sunday as they were at key levels). It&#8217;s tempting to buy now but I am leaving well alone. There are plenty of clues as to a potential major recession in the USA and often this kind of spike catches out the retail traders who have been programmed to &#8220;buy the dips.&#8221; I think this is not the time for that thinking. I could of course be wrong, but I am expecting a bigger drop over the coming months.<\/p>\n<p>Since recording the live session, the pullbacks have been bigger. I am going to be a bit warier with the majors and will focus on the cross-pairs for now. There are some good Chf &amp; a Yen cross that look good, check out the video here:<\/p>\n<p>We are NOT a \u201ctipping service\u201d our aim is to teach you how to trade for yourself.<\/p>\n<p>Watch the video below for more detailed explanations of this week\u2019s analysis and trade plan (click the 4 arrows bottom right to view full-screen):<\/p>\n<p><a href=\"https:\/\/www.forexmentorpro.com\/blog\/mw-post\" target=\"_blank\" rel=\"noreferrer noopener\"><img decoding=\"async\" src=\"https:\/\/www.forexmentorpro.com\/blog\/wp-content\/uploads\/2017\/01\/728x90-.jpg \" alt=\"\" title=\"\"><\/a><\/p>\n<p><iframe src=\"https:\/\/player.vimeo.com\/video\/756811185?h=fc4d9f237d\" width=\"640\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" data-mce-fragment=\"1\"><\/iframe><\/p>\n<p>Kind regards,<\/p>\n<p>Marc<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi, Here is an update on potential trades I discussed in our live webinar Yesterday. For non-members, this will be posted tomorrow on our blog. I mentioned in the video that I am leaving the GBP and the GBP cross pairs alone for now. This is because there is nowhere for a stop and further [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":216804,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","rank_math_lock_modified_date":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-218287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex-analysis"],"_links":{"self":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218287"}],"collection":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/comments?post=218287"}],"version-history":[{"count":1,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218287\/revisions"}],"predecessor-version":[{"id":218288,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/posts\/218287\/revisions\/218288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media\/216804"}],"wp:attachment":[{"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/media?parent=218287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/categories?post=218287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexmentorpro.com\/blog\/wp-json\/wp\/v2\/tags?post=218287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}