The Forex Week Ahead+++++++++++++++++++++++<\/h4>\n
For the week ahead, you have plenty of news. On Wednesday, you have AUD CPI, afternoon CAD CPI and then FOMC in the evening. Remember, times are changing this week, so FOMC is one hour earlier. On Thursday, JPY announces its monetary policy statement, followed by a lot of other orange news and then EUR finance rate in the afternoon. I wouldn’t advise taking trades on Friday this week because it’s the last day of the month, and it usually gives unusual moves.<\/p>\n
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MAJORS<\/strong><\/p>\n I am looking for \u201cA\u201d grade trades from weekly & daily charts that I can place the orders and then just walk away. A \u201cB\u201d grade is of interest, but not an A yet.<\/p>\n As ever, I always look for multiple reasons in a trade. The more you have the higher the probability.<\/p>\n EUR\/USD: Possible day trade around 1.1660 for a short, using the trendline break and daily 55.<\/p>\n USD\/CHF: Waiting for a break above 0.80 and Daily 55 to long.<\/p>\n Do not take the Euro\/$ & Chf at the same time. They are correlated so it\u2019s the same \u201cbet.\u201d<\/p>\n GBP\/USD: Not interested for now.<\/p>\n AUD\/USD: In a range, waiting for a break above to then long. Conservative approach is to wait for the break above the daily 55.<\/p>\n NZDUSD: Far away,y but the A-grade short is at 0.58770<\/p>\n USD\/CAD: Now we have the break above, waiting to long around 1.3890 or 1.3880. A grade<\/p>\n USDYEN: Out of all the YENs, this is my favourite. Long at 148.30 is an A grade.<\/p>\n Some are A grades, where I will place forward orders; some pairs have \u201careas of interest.\u201d I have a lot of similar crosses, so be very careful with the correlation.<\/a><\/p>\n Cross Pairs<\/strong><\/p>\n EURGBP: Now that it has made a new high I want to long on the pullback at 0.87. Watch the video as there are two ways<\/strong> to play it.<\/p>\n GBPAUD: Made a new low, waiting for a retest to short at 2.04657<\/p>\n GBPCAD: Looking to short around 1.87, but need confirmation.<\/p>\n AUDCAD: Ranging , leaving alone, AUDUSD better option.<\/p>\n EURAUD: same as GBPAUD but would prefer to short a little higher at 1.7920<\/p>\n NZDJPY: Broke above the EMAs, so waiting to long at 87.60<\/p>\n AUDJPY: This one is also interesting and I would look to long around 99.60<\/p>\n I have quite a few other \u201cpossibles\u201d that I will monitor during the week. I also have some crypto and stock ideas that I share in the previous post and video..<\/strong><\/em><\/p>\n As always, remember correlation!\u00a0<\/strong><\/a><\/p>\n 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.<\/p>\n We are NOT a \u201ctipping service\u201d; we aim to teach you how to trade for yourself.<\/p>\n Watch the video below for more detailed explanations of this week\u2019s analysis and trade plan.<\/p>\n To find out more about our crypto journey, check out the mini-course, and if you want to get involved in what I believe is the next boom, scroll to the bottom of this page to find out more:\u00a0CLICK HERE<\/a><\/p>\n
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