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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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.