I plan my trading for the week ahead each week. Here are the Forex trading opportunities I will be stalking this week.

Note that this is my current view, but if market conditions change my view can change too. Generally I will trade in alignment with what I have noted here, though I will wait for a set-up before I enter. I base my view on technical and fundamental information. This is my beliefs and you are welcome to have opposite ones. Having a plan is more important than the actual direction for me. 

  • Short GBP/USD (Trend with an open mind that a reversal could occur)
  • Long USD/JPY (Trend)
  • Long AUD/USD (Reversal)
  • Long EUR/USD (Reversal but  very tentatively)
  • Long NZD/USD (Reversal)
  • Short USD/CHF (Reversal)
  • Long AUD/JPY (Trend)
  • Long NZD/JPY (Trend)
  • Short GBP/NZD (Trend)
  • Short EUR/CHF (based on fundamentals only)
  • Long EUR/SGD (Long-term reversal)

Also looking for a long AUD/NZD but only if the price goes to 1.0970 first or gives a VERY good set-up.

Trend: Market is trending in the direction I have listed and I expect it to continue

Reversal: Market has formed a reversal pattern in the direction I have listed. 

About the Author

Sam Eder is a currency trader and author of the Definitive Guide to Developing a Winning Forex Trading System and the Advanced Forex Course for Smart Traders (https://fxrenew.com/forex-course/). He is a key team member at premium FX services provider www.fxww.com and part owner of Forex Signal Provider www.fxrenew.com (You can get a free trial). If you like Sam’s writing you can subscribe to his newsletter for free (https://fxrenew.com/newsletter-sign-up).