PokerFXTrader

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PokerFXTrader

My journal will be short on words and big on content.

Charts and Trades posted BEFORE then AFTER ...no BS.




Let's get right down to business.

Sunday Report

USD/CAD

Notes:
Weakness building
Looking for shorts all weak long
Ideally I would like to see 1 of 2 things happen before engaging this market.

1. The 1 hr chart is currently Over Sold as is the 4hr so a pull back into some resistance zone will be a nice place to take the trade.

2. A break out below 1.0215 where I will have a stop entry waiting.

I want to be super aggressive on this trade though because it looks very strong to go now.
 
Very late Sunday Review:

All current trends are intact.

AUDUSD Longs
EURUSD Mixed
USDCAD Shorts
USDJPY Shorts
USDCHF Shorts

That being said all are very overextended and prone to snap backs and reversals.

There was significant Sentiment evidence of this in Fridays numbers.

So the trading plan for this week is simple.

Watch for pullbacks to area's of significant s/r and continue in trend direction.

BUT

Be on high alert for trend reversals as well.

My guess is we stay pretty quit all week till Fridays jobs numbers.

Sorry that there are no trades so far but patience pays.
 
Sunday FX Review:

AUDUSD

Uptrend remains INTACT
Buy Pullbacks into Strong areas of Support
High probability of a sideways market all week as some consolidation may occur at these technically over bought conditions

EURUSD

Same as above

GBPUSD

Same as but with a strong bias to the upside.

USDCHF

Downtrend remains intack
Sell Pullbacks into strong Resistance areas
High Probability of sideways action this week as the market consolidates.

USDJPY

Same as above
 
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