FX. Looking at USD pairs for next week.
Updated
Hey warriors, here is what I think and approximatly how I will trade the 10 USD pairs I am watching, 7 majors + 3 ones with good spreads and opportunities.
EURUSD
Trend: Bearish until further notice. Testing it right now.
How to trade: Short if it gets to 50WMA / 200DMA. Long if it gets to 0.5 fib & 200WMA & 100WMA.
USDJPY
Trend: Unsure.
How to trade: do nothing until it moves alot, at least above 111.
AUDUSD
Trend: Unsure.
How to trade: Wait.
USDCAD
Trend: Unsure. Perhaps turning bullish.
How to trade: Wait.
GBPUSD
Trend: Bear.
How to trade: Short if it goes to 200DMA/150WMA, long if it goes to 100WMA.
NZDUSD
Trend: Bear.
How to trade: Do not go long. Short it if it goes in the area with the many moving averages, and 0.5 fib.
USDCHF
Trend: Unsure, maybe bullish.
How to trade: Go long on 0.382 fib where all the MA's are too. Don't go short.
And now for the exotic pairs :D
USDSEK
Trend: Bull?
How to trade: Go long on 0.382 fib & 100WMA.
USDMXN
Trend: BULL.
How to trade: Just go long, unless it flashes up & there is bullish divergence. Might be risky.
USDCNH
Trend: Going bullish.
How to trade: Short it on 200DMA, perhaps long later.
EURUSD
Trend: Bearish until further notice. Testing it right now.
How to trade: Short if it gets to 50WMA / 200DMA. Long if it gets to 0.5 fib & 200WMA & 100WMA.
USDJPY
Trend: Unsure.
How to trade: do nothing until it moves alot, at least above 111.
AUDUSD
Trend: Unsure.
How to trade: Wait.
USDCAD
Trend: Unsure. Perhaps turning bullish.
How to trade: Wait.
GBPUSD
Trend: Bear.
How to trade: Short if it goes to 200DMA/150WMA, long if it goes to 100WMA.
NZDUSD
Trend: Bear.
How to trade: Do not go long. Short it if it goes in the area with the many moving averages, and 0.5 fib.
USDCHF
Trend: Unsure, maybe bullish.
How to trade: Go long on 0.382 fib where all the MA's are too. Don't go short.
And now for the exotic pairs :D
USDSEK
Trend: Bull?
How to trade: Go long on 0.382 fib & 100WMA.
USDMXN
Trend: BULL.
How to trade: Just go long, unless it flashes up & there is bullish divergence. Might be risky.
USDCNH
Trend: Going bullish.
How to trade: Short it on 200DMA, perhaps long later.
Note
Gosh... Last week... so many opportunities... that I missed...And now... nothing it has hit the walls already... Crypto all over again.
I am just going to take bad trades & scale ...
Hope I get to take at least 3-4 trades this week, and next week or in 2 when it moved enough, it will present new opportunities ...
There is always indices, but indices suck don't want to trade that.
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