Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a set-up before I enter. I base my view on technical and fundamental information. This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me.
- Waiting GBP/USD. – MT is sideways normal. Bullish reversal pattern on the weekly chart if you are feeling contrarian but we still have the election to get out the way and signals on Friday point to range trading.
- Waiting USD/JPY. – MT is sideways normal. Maybe an opportunity off the edge here, but wait for confirmation.
- Waiting AUD/USD – MT is sideways normal. More bullish reversal patterns on the weekly chart, but fundamentally still very bearish AUD.
- Waiting EUR/USD. – MT is sideways normal. Mixed US data and european data keep us within the range.
- Waiting NZD/USD. – MT is sideways normal. Bearish reversal pin candle on Friday suggesting the range will hold.
- Waiting USD/CHF. – MT is sideways normal. Strong sell off on this pair last week. Price now nearing the bottom of the range. Look for a bullish reversal or breakout lower.
- Short EUR/CHF. Trend – MT is bear normal. Continue to be wary of going short this pair in-case of intervention.
- Short USD/CAD. Breakout – MT is bear normal. The improvement in the price of oil and a positive tone from the BOC sending this pair lower.
- Long EUR/GBP. Off the edge – MT is sideways normal and we have a bullish reversal pattern off support.
- Waiting AUD/JPY. MT is sideways volatile. Wait or trade off the edges.
- Waiting NZD/JPY – MT is volatile sideways . Pin candle on Friday suggests the range will hold.
- Long GBP/JPY. Reversal – MT is sideways normal. A long reversal is in play, but Friday’s price action leaves us wary. Also reversing on the weekly chart adding conviction to the trade.
- Long EUR/JPY. Reversal– MT is sideways normal. Look for the price to head to the opposite edge.
- Short GBP/NZD. Trend – MT is normal bear. Same as last week go short.
- Short EUR/NZD. Trend- MT is normal bear. Keep going short!
- Short AUD/NZD. Trend – MT is normal bear. Pull back may be finishing go short
- Waiting EUR/AUD. – MT is sideways volatile. Wait and see
- Waiting GBP/AUD. – MT is sideways volatile. As above.
- Short AUD/CAD. Trend– MT is Volatile bear. Keep going short but be wary of the double bottom reversal forming.
- Short GBP/CAD. Trend– MT is strong bear. Continue going short.
- Short EUR/CAD. Trend -MT is fast bear. Prefer to hunt for shorts but time to take some profits now if you are already short.
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