Weekly Currency Trend Directions starting the week on SUNDAY 07/05/15
Weekly trends for the major currencies determine the most likely direction at the end of the day. That way you can trade in the dominant direction on the price reversals back to the dominant trend direction.
Here is the Weekly Currency Trend Directions shaping up for this week.
Eur/Usd is working toward 1.0700 handle and my guess will break thru to 1.09 monday morning, sell the rallies, could be a capitulation by end of the week, and buying the dips then would make more sense
Gpb/Usd has been the strongest major currency and it’s dropped 300 pips from the highs… look to sell the rallies into the 1.52 handle and then some
Aud/Usd has confirmation of broken uptrend, and now we sell the rallies, going to new weekly lows this time
Usd/Jpy still at 10 year highs but it’s getting weaker… also Japan wants to see more inflation, so the yen will strengthen, further declines of Usd/Jpy to come, so sell the rallies.
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Learn more about my Bollinger Band trading method at my website as well. Bollinger Bands are your best leading indicator. You will make more consistent profits by trading less, and trading higher time frames like the 4 hour and daily charts.
I hope my trade ideas will help turn more profit for you this week. Markets can move on a dime and reverse direction due to news events and can and will cause you to lose money, if you don’t move stops to break even. So, always protect substantial gains, especially those gains made quickly. I sincerely want all my patrons to beat the market.
Learn to trade only the better trade set ups and higher probability opportunities and you will beat the market more often than not, especially if you are not too greedy!
Any questions, please email me… firstname.lastname@example.org
THANKS – JOSEPH WOHLERS http://www.meangreenmoneymachine.com