Good Day Traders!!
Finally on Friday I had the correction in the USD that I wanted so badly! So now I'm once again free from positions and ready to start the exiting trading week to come!
I'm out with profit from USDCHF and USDCAD both shorts that went against me a little bit, before heading straight down to my TP's.
For next week I'm planing to follow the new trends that are starting- USD long, AUD short and NZD short.
Here are my charts for next week:
AUDUSD
After the triangle break, I'm still looking for short on any sign of weakness. right now price is against 20 DMA resistance and overbought stochastic- for me this is the sweet spot!! SHORT ON ANY PULLBACK.
EURUSD
Waiting for the range to brake either way before taking any trades.
GBPUSD
GBPUSD is in a strong downtrend. Im waiting for a bear flag here before the continuation to the downside.
NZDUSD
Down trending. currently pair is reacting to MA's, Looking to short.
USDCAD
Nice bullish candle on trend line support and 20 MA. Stochastics is oversold- this is where I buy!!
USDCHF
Triple Top on resistance and heading to next support. I will buy on support (trendline/ MA).
USDJPY
This pair is correlated with SPY. I will look for weakness in SPY before shorting this pair.
Have Fun!!
Niv Goren.
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