Forex Weekly Predictions 10th June 2019

Welcome back to another week of predictions with this week setting up to be a busy one with me already being in and out of a trade on the EurUsd. So lets get right into it.

On the Euro we have had a break above resistance which makes me believe we can go higher in price. However the small wick highlighted on the left held which is something I noticed as a small minor detail. On the 60 we had a clean strong impulse and it put me on alert for a buying opportunity on the pullback. As price pulled back touched the zone I entered on the 15 indidcated by the blue arrow on the 60 min chart. Stops were Atr below the low at the time and I have already been stopped out and currently waiting for a reentry the rest of the days. GbpUsd we are setting up a potential head and shoulders on the daily. Because of this and just being messy on the 60 I decided against a long opportunity on it which turns out to be the correct decision. I currently have no plans of getting involved and will just wait and react to see how price moves.

AudUsd is currently pulling back into a short term daily killzone as a minor TcT move. For me, I think price can actually come back to retest the recent lows but due to the same wick from January, my bias isn’t strong. GbpAud has comeback for a pullback but it’s too late now. Move made. As the market opened it just carried straight to my projected destination not waiting for me to get involved of course. Regardless happy to see these predictions played out.

Aside from these pairs there was tonnes on my radar so I will leave you with 2 videos, day trading and weekly predictions for you to see what I am looking at. Enjoy

Hope you enjoyed. be sure to subscribe and follow this blog and youtube channel for 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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