Hey there lovelies,
**Disclaimer: Please note I am not a FOREX financial adviser/specialist and will not be held accountable for any loss/gain by any individuals who chose to use this information for their own personal gain. Everything discussed in this blog is just for my own personal and financial improvement. **
This week, I will be concentrating on pairs with both bullish and bearish trend trading opportunities. This week trade cautiously pending the following reports for multiple currencies: trade balance, NZIER report, Draghi and Carney speeches, and unemployment. Remember to have a trading plan and to trade that plan (i.e reasons for an entry and most important an exit). If you miss an opportunity, DO NOT chase the dragon it will always in one way or another be a losing battle for you. As always, remember the trend is your friend until it bends :-)
1) #AUD/NZD(Daily) - This little cutie continued her merrily way up and down the yellow brick road of consolidation. If given a bullish opportunity between (1.09-1.089) plan to go long (buy) and hold on this pair back up towards the top of the consolidation range 1.13-1.1440 and/or higher. Expect at least 300+ pips on this sweet ride for this week.
2) #EURAUD(Daily) - Last week, this girl made her first official higher high & low since her short stay in the red light district known as the 1.56-1.55 zone of support. So now that she's single be prepared for her to mingle with the big boys. If given a bullish opportunity at (1.58-1.574) take a long (buy) entry on this pair back up towards 1.62 and/or above range. Depending on your position, expect at least 300+ pips profit from this feisty gal this week.
3) #GBPAUD (Daily) - Last week this pretty girl managed to keep her head above the 1.14 support level staying within her consolidation range before ending her weekly close around 2.157. If given a long (buy) opportunity this week between 2.14-2.135 plan to go long and hold towards 2.20 and/or above. Expect at least 300+ pips out of this spice girl.
4)#EURGBP (Daily) - Last week this weary girl continued making new weekly highs and lows, but may teeter towards a range of consolidation between 0.75-0.72 so trade her carefully. I will offer to strategies for this black widow. 1) If given a short (sell) opportunity this week between 0.743-0.75 plan to go short towards 0.72. 2) If given a long (buy) opportunity this week between 0.735-0.72 plan to go long towards 0.75 and/or above. Expect at least 300+ pips out of this spice girl.
Xoxo, Deuces :-*
