Weekly Predictions and Ideas 27th May 2019

Few hours late but here is the predictions for this week. Quiet per my portfolio and the rest of the pairs I look at higher timeframes. Anyways here is what I see in the markets.

Euro has bounced off the support level I predicted to get tested and now we are entering some consolidation stuck between a few minor levels of structure. I wouldn’t be surprised if we begin putting a descending triangle on the daily and break down. On the GbpUsd I expected a few gaps or so due to all this brexit and election stuff. None however and I caught a nice FTB on this already which was nice for around 1.2%. I do think we have potential to carry on a bit lower following this strong impulse down but it is just a prediction and not anything I am looking to actively get involved in.

Now here comes the even more boring pairs on the radar. AudUsd at the wicked support and that really ruis any sort of predictions aside from consolidation so yea. On the 1hr we are currently at a minor level of resistance so the little relief doesn’t come as a surprise at all. GbpAud is at support currently and if you actually want a reason to get long we have a bullish bat on the 1hr at market. I don’t take bats on this pair and time frame so not for me but it doesn’t seeem the worst of opportunities.

Like last week not much for me to put up on your radar so I will leave you with my analysis on 16 more pairs on my youtube channel. Enjoy.

So that is it for this week. Lets see how these play out for the week and will review on the saturday.

Lach

Published by Lach Plays Trading

I'm a forex trader whos journey began January 2018 and has had its ups and downs but has taught me a lot about the markets and myself as a person. Documenting my journey and sharing my experiences for you to be able to learn from them and my prior mistakes. Fully transparent, not afraid to show losses or speak exactly what comes to my mind.

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