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USDJPY - NEUTRAL
The previous week, we saw a significant move up from the lows. This past week continued that rise from the bottom. But it has now reached the upper TL of the long term trading channel and was rejected from there. We could see a small retrace back down from there and then another attempt to break through which would help to confirm that we indeed have a MAJOR TREND CHANGE on hand. Read my SPECIAL REPORT on USDJPY for some VERY IMPORTANT update: (F) USDJPY Special Report: Possible MAJOR Reversal Is At Hand (Free post. No Subscription required.)
AUDUSD - SHORT
The previous week we were predicting that we would be seeing a drop occur in this pair and were waiting on it to happen. Well, this past week, that is EXACTLY what we got. It should now continue to head lower but of course not directly. A retrace is coming soon from this strong drop down. We are SHORT on this pair and have already banked +405 pips on the move down while waiting for more.
USDCAD - LONG
I warned last week that we would be seeing a wave 3-type move up coming in this pair and this past week, that is EXACTLY what we got! We just saw 5 consecutive days of gains in this pair this past week. It is moving up in what appears to be an ascending diagonal pattern. So waiting now for prices to reach the upper TL of this diagonal and probably see a retrace back down happen.
GBPUSD - LONG
This past week saw consolidation after the previous week's move up from the lows. We should expect higher prices from here. We are LONG in this pair for the move higher. Read my SPECIAL REPORT on this pair: (B) GBPUSD ***SPECIAL REPORT*** : End Of A Trend? and also my just released SPECIAL REPORT Update report: (B) GBPUSD ***SPECIAL REPORT*** Update: Don’t Go ALL IN Yet!
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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