Forex Weekly Analysis - 2/20/17 - 2/24/17

 Hey Beautiful people,


**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. **

After a long, well-deserved hiatus I'm back! Since I know you all have been missing me dearly I've returned bearing gifts.... Sike! Hehehe, but you know I love you guys and couldn't stay on vacation forever ;-)
This week, I will be concentrating on pairs with both bullish and bearish trend trading opportunities. 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) #EURUSD(Daily) -  Last week, this hot mama gave you a run for your money wearing her hot pants leaving us with a weekly pin bar. Looks like she might be taking a break from the pressures of the red light district and may be looking for a change of scenery. Will she get to live the high life? Only time will tell, so trade this posh gal with caution. On a monthly TF there is plenty of room for this sexy girl to aspire as high as 1.14+... then again she may continue her downward spiral into the unknown, but not without testing a few bullish bachelors in the process. 1) If given a bullish opportunity at (1.0545-1.0615) take a long (buy) entry on this pair back up towards 1.08 and/or above. 2) If the 1.0843 resistance range is not conquered... plan to short (sell)  this girl back down towards 1.04 and/or lower.  Depending on your position, expect at least 200+ pips profit from this bad girl this week.  

2) #GBPUSD (Daily) - Last week this tattered beauty continued her weekly consolidation between 1.26-1.23, but is starting to show signs of bearish indecision.  If given a bullish opportunity between 1.2373-1.2253 go long (buy)  towards 1.2663 with TP1 @ 1.2537 and/or above. Expect at least 200+ pips out of this underdog.

3)#USDJPY (Daily) - Last week this girl left us with some indecision closing with a pretty red weekly hammer, indicating a possible continuation downtown.   If she decides to test her luck again at 113.50 and fails, plan to short (sell)  this mean girl hard at 113.50-113.0 back down towards 111.47 and/or lower especially if the 111.23  support level does not hold. Also, be on the look out for some HUGE pips if she fails to hold her weight at the 109.43 support level in the coming weeks.  Expect at least 200+ pips out of this black widow this week. 

Xoxo, Deuces :-*