If you really want to trade for this week, I can see potential for scalping with NZD and AUD on the bullish side and CHF, JPY and CAD on the bearish side... About GBP, it is still bullish on the long term with a big possibility of huge correction, so be careful. It has a possible resistance of 178. That's too far to get a huge profit but as I've been telling with my students in my seminars, resistances and supports are all psychological whatever the reasons for setting them in your chart. So use it but don't fully trust it. What do I mean by that. If I say it's 178 and the current pricce is around 174, that's 400-pip range. Meet it in the middle so set your buy-long (what ever the method, e.g. 6secrets or Price Trap) not more than 176.
JPY is in correction mode as of this writing but as we all know JPY is JPY and it's direction is always below everyone else so take advantage of it while it's high this week to sell it short.
BUY LONG: NZDCHF, AUDCHF, AUDJPY, NZDCAD, AUDCAD, NZDCHF, NZDJPY
SELL SHORT: None
That's it for this week.
If you are interested to analyze the market the way I do, I am inviting you to attend my seminars...
6 Forex Trading Secrets - http://6ForexSecrets.blogspot.com
Forex Price Trap Strategy - http://PriceTrapStrategy.blogspot.com
These are unique seminars and can only be learned from us.
May the force be with you...
OK Pinoy
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