From my analysis, JPY is ready to fall and couple of currency pairs could gain while yen is taking its bite. Currency pairs to watch include: EURJPY, NZDJPY & GBPJPY. CHFJPY has led the pack already, but a pullback to support might not be a bad trade either. My 2 targets entries for EURJPY are 121.920 and 121.360 with a stop loss placed 10 pips below June 3 low....
This is a long term buying silver 14.52. The first hurdle to rally above is at 14.87, and after this, I'm looking at silver to rally up to 16 (at least). Risk-to-Reward looks fantastic
EURUSD long trade plan
I am looking at AUDUSD weekly as a potential more than 400 pips in profits. With a pin bar or engulfing candle appearing at around 0.71356, a good BUY entry...
This week brent oil falls to its lower channel on the weekly chart & looking at a lower time frame to make the long entry. Stop loss placed below the lower channel while initial profit taking will be @70.55 resistance price level, however I'm a fan of trailing stop using fractal on lower time frame.
Watching the pair for weakness. If pair unable to make new highs above 0.7319, then, a short opportunity could avail itself. Alternative short pair: AUDCAD
I plan to use trailing Stop using the fractals