FX trade plan June 4, 2017

I didn’t update the blog for a while, as I am busy on other stuff.

Back to the subject, here is the overview of the important news for next week.

FX_News_June_5_9_2017

The trade plan is as follows:

Gold:

Gold_June_4_2017

EURUSD:

EURUSD_June_4_2017

AUDUSD:

AUDUSD_June_4_2017

GBPUSD:

GBPUSD_June_4_2017

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Forex Trade Strategy Review Feb 7, 2017

Let me share my opinions for the following currency pairs.

AUDUSD:

Aussie didn’t form any higher peak point, so we can short Aussie if it can’t break previous high point. And we can trade Aussie inside the green box, if it didn’t break through this box. (sell high and buy low strategy).

audusd_feb07_2017

USDJPY:

Sell high and buy low strategy also applies for current USDJPY within green box.

usdjpy_feb07_2017

Gold:

We can take the chance to short gold at current position till 1200. If it break 1240, then we can long Gold at the pull back.

gold_feb07_2017

EUR/USD:

It looks like euro is going to break the upward channel, and we can short euro if it can’t break 1.800 area.

eurusd_feb07_2017

GBPUSD:

Pound didn’t break the new high and now is falling down. Not advise to trade Pound for now if you don’t have any short trades previously.

gbpusd_feb07_2017

FX strategy Dec 26 2016

Forex Stategy on Dec 26, 2016

GBPUSD:

We seek to short Pond at 1.2350 area for the pull back. If breaks, then the strategy doesn’t work.gbpusd_dec26_2016

AUDUSD:

Let’s short Aussie at around 0.7255 area till 0.70525, which is the AB=CD completion point.

audusd_dec26_2016

USDJPY:

We seek to long USDJPY at the yellow box and the target is 121.60.

usdjpy_dec26_2016

EURUSD:

Let’s short euro at 1.0525 area if it can’t break the line there.

eurusd_dec26_2016

Gold:

We might seek to short gold at 1142 area and we don’t see any indicator to buy gold yet.

gold_dec26_2016