I plan my trading for the week ahead each weekend. 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)
  • Watching USD/JPY as it is in a sideways market type – long term view is bullish but patience required.
  • Short AUD/USD (but beward of the bounce)
  • Short EUR/USD (Trend)
  • Watching NZD/USD (Long-term view is short, but recent price action is mixed to bullish)
  • Long USD/CHF (But be wary of a short-term pull back)
  • Short EUR/AUD (Trend)
  • Long USD/CAD (Trend)
  • Short GBP/NZD (Trend but watch for a reversal off support)
  • Long AUD/NZD (Reversal)
  • Long EUR/GBP (Reversal off weekly support)
  • Short EUR/AUD (Trend)
  • Short EUR/NZD (Trend but again watch reversal off support)
  • Short EUR/JPY (The weekly market type is volatile sideways and daily market type is strong bear)

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

Reversal: I am looking for a reversal against the current trend

Breakout: The currency pair is breaking out of a range 

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).