EURUSD - Big swings and whipsaws during and after the NFP but eventually ended up right where it was before the NFP. So much for news. Anyway, that means that nothing has changed the overall outlook from last week. We are to see this pair drop again before we see it reverse and go up. Read my Post-Brexit FULL Analysis:
(B) EURUSD: Post-Brexit FULL Analysis: Still In Correction (Basic subscription required. Subscribe here to read it: Get 50% discount Basic Trial offer)
USDCHF has been anything but predictable as of late. When I think it should drop, it rises. When I think it should rise, it drops. So I've stayed away from trading this pair lately. However, it may be becoming more clear what it is going to be doing. The large expanding triangle (this pair seems very fond of expanding formations!) is still intact and prices have been and are now headed towards that upper TL of that ExD. See my Post-Brexit FULL Analysis on USDCHF for details:(F) USDCHF: Post-Brexit FULL Analysis: Still In A Complicated Consolidation (Free post. No Subscription required)
NZDUSD - What was confusing last week is now clear. Prices are pushing higher. But it is doing so inside an ED in the wave (v) of the larger wave (3). There is also a that is forming here and when completed, that would be the end of the wave (3). For now, there isn't much in the way of pips to be made in the tail end of this ED so we wait. Read my newest Post-NFP Analysis: (F) NZDUSD: Post-NFP Analysis – Still Not Ready To Resume The Main Trend (Free post. No Subscription required)
GBPJPY to say it has been generous to us would be a gross understatement! In the past months, we have banked THOUSANDS of pips off this pair and this continuing downtrend! And this downtrend is not yet done! This week's clearly shows just how powerful this downtrend has been and still is! Look at that . Going AGAINST that downtrend would be suicide! But it must end at some point. And that point may be coming soon. Not in the next hours. Not in the next days. Maybe not in this week. But soon. And we WILL be there to catch the turnaround! Will you?
We have gone SHORT again in this pair for another shot down. There are more detailed charts in the GBPJPY post below. If you want to see it, you must be a Premium member though. Any one of the recent trades on this pair would've paid for your subscription many times over! Are you going to be penny-wise and pound foolish? Read my latest post-NFP Analysis on this pair: (P) GBPJPY: Get Yourself Ready! MASSIVE Reversal Soon To Come! (Premium subscription required. Get detailed DAILY updates on this pair and many more! Subscribe here to read it: Get 50% discount Premium Trial offer)
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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