Open trading account 
My trading ideas for the next week are not that different to what I was trying to do last week.
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I would like to buy USD\JPY at 124.00 with a target at this year top around 125.80.
I still have plenty of appetite to sell GBP. UK CPI data this coming Tuesday will be disappointing so the only question is: can I get a short position at 1.5680-90 band or it will be just above the last week closing price around 1.5650-60. Shorting GBP\AUD should also be a profitable trade because I expect another relief rally in AUD. I think, there is a potential for USD/AUD to reach 07450 early in the week.
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Another big question is at what level to get on a short EUR\USD position. I have a feeling I might've missed the boat(when it was close to 1.1200) but maybe not. So, this trade depends on what happens on Monday. Perhaps this pair will see 1.1050 first and then another move up to 1.1150-90 and that will be the ultimate short entry.
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The coming week will be all about FMOC minutes and I'm betting my money of the dollar!
-
I would like to buy USD\JPY at 124.00 with a target at this year top around 125.80.
I still have plenty of appetite to sell GBP. UK CPI data this coming Tuesday will be disappointing so the only question is: can I get a short position at 1.5680-90 band or it will be just above the last week closing price around 1.5650-60. Shorting GBP\AUD should also be a profitable trade because I expect another relief rally in AUD. I think, there is a potential for USD/AUD to reach 07450 early in the week.
-
Another big question is at what level to get on a short EUR\USD position. I have a feeling I might've missed the boat(when it was close to 1.1200) but maybe not. So, this trade depends on what happens on Monday. Perhaps this pair will see 1.1050 first and then another move up to 1.1150-90 and that will be the ultimate short entry.
-
The coming week will be all about FMOC minutes and I'm betting my money of the dollar!
