Weekly Predictions and Ideas 3rd June 2019

Alright guys welcome to another week of predictions. This week in comparison to others has a bit more going on overall which you will see in the video posted a bit later. But for now lets start with the usual 4 pair porfolio.

Staring of on the Euro, we seem to be putting in a descending triangle type pattern on the daily which typycally breaks to the downside. However there is nothing I am looking to involve myself in from now. However on the 1hr I do have a valid Cypher pattern forming which doesnt seem the worst of opportunities. On the GbpUsd We are slowly starting to lose steam on the daily and even diverging on the Rsi curently. This also is happenenig at a large support zone defined by that wick. If I had to be involved it would be in a bullish trade but nothing on my radar currently.

AudUsd is trying to bounce off this huge wicked support. However even though I have a slightly boring bullish bias on the daily, on the 1 hour I am interested in what is going on currently. We have a break and close abovewith a decent impulse. Because of that and a slight bullish bias from the daily I do believe we can get a retest of them highs. I am looking for an entry signal in the inbetween the 2 red zones and very interested in the top onead it lines up with inside structure and a small recent level inside too.GbpAud is dribbling towards support so you can begin to look for buying opportunities. However, the way we have come down in a dribbly nature has prevented any real opportunities to short towards that level but also has made it messy to get involved to the upside as things look currently per my trading style.

This wraps up my porfolio but there is quite a few opportunities potentially for you on other pairs. I want to leave you with 2 videos, one being a daily/4hr preview of all the 20 pairs I am tracking and the other being the selected best day opportunities from today and predictions which you will be able to see the review of later on today.

Hope you enjoyed this weeks predictions and this new video format. For me it is easier to explain stuff and even saves me some time so its a win win. Be sure to subscribe to this blog and/or my youtube channel for more and more predictions, analysis, tips, reviews and more

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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